Notes payable

3 Months Ended

Mar. 31, 2026

Note 7 - Notes payable

Two Eleven entered into a Note Payable with a bank effective December 1, 2022 in the principal amount of $58,075, secured by equipment. The Note is payable in 36 consecutive monthly installments of $1,816, including interest at a fixed rate of 7.8581%, commencing February 5, 2023, and continuing to January 5, 2026. As of March 31, 2026 and December 31, 2025, $0 and $1,804 was outstanding, respectively. The note was paid in full on January 5, 2026

		March 31, 2026		December 31, 2025
Liabilities
Note payable, current	$	-	$	1,804
Note payable, net of current portion	$	-		-
	$	-	$	1,804

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details