Note 4 - Debt and Liabilities

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE 4 – DEBT AND LIABILITIES

Accrued Liabilities

A summary of accrued liabilities for the years ended December 31, 2021 and 2020 is as follows:

	2021		2020
Accrued payables	$	1,737,473	$	747,361
Insurance premium		333,493		3,243,509
Driver deposits		336,787		168,855
Deferred rent		—		46,261
Payroll liabilities		417,493		77,303
Other accrued liabilities		52,192		76,059
Accrued liabilities	$	2,877,438	$	4,359,348

Notes Payable

On April 13, 2020, the Company entered into a loan with JPMorgan Chase Bank, N.A. as the lender (“Lender”) in an aggregate principal amount of $2,004,175 pursuant to the Paycheck Protection Program ("PPP") under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. On October 28, 2021, the full amount of the PPP Loan was forgiven by the Small Business Administration.