Short-Term Debt

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Short-Term Debt

Note 4. Short-Term Debt

The following table represents the details of the short-term debts at June 30, 2022 and December 31, 2021:

Issuance date	Maturity	Interest Rate	06.30.2022		12.31.2021
October 2, 2019	October 1, 2020	1% per month	$	10,000	$	10,000
January 15, 2020	January 15, 2021	1% per month		22,000		22,000
April 16, 2020	April 15, 2021	1% per month		13,500		13,500
July 2, 2020	July 1, 2021	1% per month		18,500		18,500
October 23, 2020	October 22, 2021	1% per month		6,500		6,500
January 5, 2021	January 15, 2022	1% per month		22,500		22,500
March 10, 2021	March 10, 2022	1% per month		20,000		20,000
July 13, 2021	July 13,2022	1% per month		16,500		16,500
December 14, 2021	December 14, 2022	1% per month		25,000		25,000
			$	154,500	$	154,500

According to the loan agreements, there is not any additional interest and penalty for the loans passing maturity date.

During the six months ended June 30, 2022 and 2021, the Company recorded interest expense and accrued interest of $9,270 and $5,943, respectively and is included in interest expense in the consolidated statements of operations.