XML 35 R25.htm IDEA: XBRL DOCUMENT v3.21.2
NOTES PAYABLE – RELATED PARTIES
 6 Months Ended
Jun. 30, 2021
Notes Payable Related Parties  
NOTES PAYABLE – RELATED PARTIES

19. NOTES PAYABLE – RELATED PARTIES

 

Notes payable – related parties at June 30, 2021 and December 31, 2020, were comprised of the following:

 

   June 30, 2021   December 31, 2020 
Notes payable, related parties  $—   $240,000 
Less: current portion   —    (188,000)
Notes payable, related parties – long-term portion  $—   $52,000 

 

Microphase was party to several notes payable agreements with six of its past officers, employees and their family members. As of June 30, 2021, the related party notes payable were paid in full.