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Small Business Administration Loans	6 Months Ended
Jun. 30, 2022
Small Business Administration Loans
Small Business Administration Loans	12. Small Business Administration Loan and Grant In the second quarter of 2020, the Company received a loan of $149,900 pursuant to the Small Business Act Section 7(b). The loan which was in the form of a Note dated May 16, 2020, matures May 16, 2050, and bears interest at a rate of 3.75% per annum. Payments of $731 are due monthly and will begin in November 2022. At June 30, 2022, and December 31, 2021 accrued interest on the loan was $12,306 and $9,311, respectively and is included in the Small Business Administration Loan balance on the consolidated balance sheet. In the second quarter of 2022, it was determined that an additional $10,000 also received in the second quarter of 2020 was a grant that was forgiven as part of the Covid-19 relief program. This $10,000 was recorded as a gain on forgiveness of the SBA loan in the statement of operations during the current quarter.

Small Business Administration Loans

6 Months Ended

Jun. 30, 2022

12. Small Business Administration Loan and Grant

In the second quarter of 2020, the Company received a loan of $149,900 pursuant to the Small Business Act Section 7(b). The loan which was in the form of a Note dated May 16, 2020, matures May 16, 2050, and bears interest at a rate of 3.75% per annum. Payments of $731 are due monthly and will begin in November 2022. At June 30, 2022, and December 31, 2021 accrued interest on the loan was $12,306 and $9,311, respectively and is included in the Small Business Administration Loan balance on the consolidated balance sheet. In the second quarter of 2022, it was determined that an additional $10,000 also received in the second quarter of 2020 was a grant that was forgiven as part of the Covid-19 relief program. This $10,000 was recorded as a gain on forgiveness of the SBA loan in the statement of operations during the current quarter.