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NOTES PAYABLE – RELATED PARTIES | 12 Months Ended
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Dec. 31, 2021
Notes Payable Related Parties |
NOTES PAYABLE – RELATED PARTIES | 25. NOTES PAYABLE – RELATED PARTIES Notes payable – related parties at December 31, 2021 and 2020, were comprised of the following:
|  |  |  |  |  |  | December 31, |
|  | 2021 |  |  | 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 December 31, 2021, the related party notes payable were paid in full.

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