8. Notes Payable to Bank

9 Months Ended

Sep. 30, 2020

Notes Payable [Abstract]

Notes Payable to Bank

At September 30, 2020 and December 31, 2019, the Company had the following notes payable to bank:  

	September 30,		December 31,
	2020		2019
Promissory note payable to First Security Bank of Missoula,
bearing interest at 3.150%, payable on demand, collateralized
by a lien on Certificate of Deposit	$	88,585	$	97,067
Promissory note payable to First Security Bank of Missoula,
bearing interest at 3.150%, payable on demand, collateralized
by a lien on Certificate of Deposit		62,211		99,999
Total notes payable to the bank	$	150,796	$	197,066

These notes were personally guaranteed by John C. Lawrence, the Company’s previous Chief Executive Officer and Chairman of the Board of Directors. The maximum amount available for borrowing under each note is $99,999. Mr. Lawrence passed away on June 16, 2020. The Company and the bank are considering changes to the guarantee.