Insurance loan payable |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Insurance Loan Payable | |
| Insurance loan payable | Note 8. Insurance loan payable
During February 2026, the Company entered into a financing agreement with a financing institution to fund a portion of its insurance policies. As part of the agreement, the financing institution agreed to finance the insurance policies of the Company of approximately $225,000 with an average interest rate per annum of 6.70%. The Company is required to make monthly payments of approximately $23,000 through February 2027. The outstanding balance as of June 30, 2026 on the insurance loan payable was $136,372.
|