NOTES & LOANS PAYABLE |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| NOTES & LOANS PAYABLE | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| NOTES & LOANS PAYABLE | NOTE 7. – NOTES AND LOANS PAYABLE The table below outlines our notes and loans payable balances as of September 30, 2025 and December 31, 2024:
Insurance loans payable During the second quarter of 2025, the Company renewed its Director and Officer (“D&O”), property and general liability insurances for a one-year policy premium totaling $1,023. The Company paid $205 as a premium down payment and financed the remaining $818 of policy premiums over nine months at a 6.6% annual percentage rate. During the second quarter of 2024, the Company renewed its Director and Officer (“D&O”) insurance for a one-year policy premium totaling $866. The Company paid $147 as a premium down payment and financed the remaining $719 of policy premiums over ten months at an 8.3% annual percentage rate. The Company also has other insurance loans payable related to property and general liability across the Company. Estimated future principal payments to be made under the above notes and loans payable as of September 30, 2025 are as follows:
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