SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2020

SUBSEQUENT EVENTS

NOTE 12 - SUBSEQUENT EVENTS

On January 25, 2021, subsequent to year end, the company received an additional PPP Loan in the amount of $174,421. This loan has a fixed interest rate of 1%, a maturity date five years from the date of the funding of the loan. Payments are deferred until the date on which the Small Business Administration remits the amount of forgiveness. Terms of this loan are governed by the Paycheck Protection Program and similar to the above PPP Loan.

Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and believes there are no additional subsequent events to report.