XML 37 R27.htm IDEA: XBRL DOCUMENT

NOTES PAYABLE – RELATED PARTIES

9 Months Ended

Sep. 30, 2021

21. NOTES PAYABLE – RELATED PARTIES

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

	September 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 September 30, 2021, the related party notes payable were paid in full.