DEBT

3 Months Ended

Mar. 31, 2022

DEBT

8. DEBT

NOTE 8 – DEBT

Long term debt at March 31, 2022 and December 31, 2021 is as follows:

	March 31, 2022			December 31, 2021
Promissory note payable to First Security Bank of Missoula, bearing interest at 2.25%, payable in 59 monthly installments of $1,409 with a final payment of $152,726 maturing November 9, 2026; collateralized by a lien on Certificate of Deposit	$	211,093		$	215,150
Less current portion		(12,287	)		(13,230	)
Long term portion	$	198,806		$	201,920

At March 31, 2022, principal payments on debt are due as follows:

Twelve months ending March 31,	Principal payment
2023	$	12,287
2024		12,555
2025		12,852
2026		13,144
2027		160,255
	$	211,093