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NOTES PAYABLE
9 Months Ended
Sep. 30, 2021
NOTES PAYABLE  
8. NOTES PAYABLE

8. NOTES PAYABLE

 

Notes payable consisted of: 

 

 

 

September 30,

2021

 

 

December 31,

2020

 

Small Business Administration loan (1)

 

$150,000

 

 

$28,458

 

Note issued as part of the consideration to acquire TopPop (2)

 

 

4,900,000

 

 

 

-

 

Total

 

$5,050,000

 

 

$28,458

 

 

(1) The SBA loan bears an interest rate 3.75% and matures on January 22, 2051.

(2)The promissory note bears an interest rate 10% and matures on July 26, 2022.