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Notes Payable
 6 Months Ended
Jun. 30, 2025
Notes Payable  
Notes Payable

Note 6 – Note Payable

 

During the six months ended June 30, 2025, we purchased approximately $48,200 of equipment with a note payable. The note bears interest at 10.75% and requires fixed payments of principal and interest of $1,042 for sixty months. As of June 30, 2025, the outstanding principal balance was $46,236 of which $9,638 will be repaid within the next twelve months and has been presented as a current liability.

 

At June 30, 2025, future principal payments on the note for the year ended December 31, will be as follows:

 

2025 (remaining)

 

$3,815

 

2026

 

 

8,270

 

2027

 

 

9,204

 

2028

 

 

10,244

 

2029

 

 

11,401

 

Thereafter

 

 

3,302

 

 

 

$46,236