NOTE M – EMPLOYEE RETENTION CREDIT

During the year ended December 31, 2022, the Company applied for an employee retention credit for the third quarter 2021 under the COVID-19 Economic Relief Legislation. Based on that application, the Company was awarded a total of $96,263 in 2024, which was recorded as other income for the year ended December 31, 2024 and reflected as a receivable as of December 31, 2024. The awarded amount was subsequently received in 2025.