Quarterly report pursuant to Section 13 or 15(d)

Short-Term Notes Payable

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Short-Term Notes Payable
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Short-Term Notes Payable

6. Short-Term Notes Payable

 

The Company had the following short-term notes payable as of September 30, 2024 and December 31, 2023:

  

   

September 30,

2024

   

December 31,

2023

 
Insurance premium financing of $636,972 and $611,109 due in monthly installments of $67,277 and $54,366 including principal and interest at 9.55% through May 24, 2025 and 2024 respectively.   $ 519,392     $ 312,703  
Short-term notes payable   $ 519,392     $ 312,703  

 

The Company’s policy renewals were completed in July of 2024.