v3.22.2.2
Notes Payable to Related Parties
 9 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

Note 9 – Notes Payable to Related Parties

 

Notes payable as of September 30, 2022 and December 31, 2021 consists of the following:

 

Description

  

September 30,

2022

    

December 31,

2021

  

Note payable – President bearing interest at 12% per annum, unsecured, demand note.

   $ 488,091     $ 399,521  

Accrued interest due on the officer’s note

     175,237       83,258  

Total

   $ 663,328     $ 482,779  

 

The officer’s note is a secured demand note and bears interest at 12% per annum. The Note was converted to a secured note on April 1, 2021, covering all assets of the Company. These loans have accumulated over the last few years and include unpaid salary.