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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2024
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 9 – SUBSEQUENT EVENTS

 

Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and has reported the following:

 

On July 24, 2024, the company received approval from the SBA to reduce the EIDL Loan payments to $73.10 per month (from $731.10 per month) beginning in August 2024, for a period of 6 months.  This will likely cause an expected balloon payment in 2050 at the end of the loan but are awaiting final details from the SBA and will report on this in the next quarterly filing.