v3.21.2

Loans Payable (Details) - USD ($) |  | 1 Months Ended | 12 Months Ended
--- | --- | --- | ---
May 11, 2020 | May 26, 2020 | Jun. 30, 2021
Debt Disclosure [Abstract] |  |  |
Loan proceeds | $ 124,570 |  |
Loan payable, description | The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight weeks (or an extended 24-week covered period) as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. |  |
Advance amount |  | $ 155,900 |
Description of loans payable |  | the Company will use proceeds from the SBA loans primarily for working capital to alleviate economic injury caused by disaster occurring in the month of January 31, 2020 and continuing thereafter. The SBA loans are scheduled to mature on May 22, 2050 and have a 3.75% interest rate and are subject to the terms and conditions applicable to loans administered by the SBA under the CARES Act. The monthly payable of $731, including principal and interest, commenced on May 22, 2021. The balance of principal and interest will be payable 30 years from the date of May 22, 2020. $5,900 of the loan will be forgiven. As of June 30, 2021, $155,405 of loan payable remains outstanding. |
Interest expense |  |  | $ 5,839

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