Long-term debt

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Long-term debt

8. Long-term debt

The Company has a chattel mortgage outstanding at June 30, 2021 secured by a motor vehicle requiring monthly payments approximating $2,844 (and a final payment approximating $48,672) that includes interest approximating 6.2%, and maturing on August 22, 2022. The components of the balance due under the chattel mortgage at June 30, 2021 are as follows:

	June 30, 2022 (not reviewed)		December 31, 2021 (not audited)
Chattel mortgage	$	29,892	$	49,147
Less: current portion		–		–
Long-term debt - non-current position	$	29,892	$	49,147

Maturities of long-term debt at June 30, 2021 for each of the next five years and in the aggregate, are as follows:

	June 30, 2022 (not reviewed)		December 31, 2021 (not audited)
Next 12 months	$	49,785	$	68,824
2 years		–		–
3 years		–		–
4 years		–		–
Total long term debt	$	49,785	$	68,824