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Paycheck Protection Program Loan Payable (Details) | Apr. 14, 2020 USD ($)
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Paycheck Protection Program Loan Payable (Textual) |
Principal amount | $ 124,400
Maturity date | Apr. 13, 2022
Bears interest rate | 1.00%
PAYCHECK PROTECTION PROGRAM [Member] |
Paycheck Protection Program Loan Payable (Textual) |
Paycheck protection program, description | The Company received a loan in the amount of $124,400 under the Paycheck Protection Program ("PPP") administered by the United States Small Business Administration (the "SBA") from East West Bank. According to the Coronavirus Aid, Relief, and Economic Security Act (the "Cares Act"), PPP loan provides for forgiveness of up to the full principal amount and accrued interest if the funds are used for payroll costs, interest on mortgages, rent, and utilities. However, at least 60% of the forgiven amount must have been used for payroll.

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