v3.25.1
NOTES PAYABLE
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
NOTES PAYABLE

NOTE 5 – NOTES PAYABLE

 

The Company has a 30-year unsecured note payable with the U.S. Small Business Administration. The note payable incurred a $100 fee upon issuance and incurs interest at 3.75% per annum. Payments totaling $4 thousand are due each year through the maturity date of July 1, 2050.

 

As of March 31, 2025 and December 31, 2024, the balance of the note payable was $61 thousand and $61 thousand, respectively.