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Significant Accounting Policies: Subsequent Events Policy (Policies)
6 Months Ended
Jun. 30, 2021
Policies  
Subsequent Events Policy

Subsequent Events

 

Management regularly evaluates subsequent events for disclosure and/or recognition in the financial statements through the date that the financial statements were available to be issued.

 

Following the close of the second quarter of 2021, the Company received approval for an extension of the loan earlier obtained through the Small Business Administration under the EIDL program. The additional loan amount was $121,900, bringing the total loan to $200,000. As a loan extension, terms are essentially unchanged, as is the maturity date of 2050. Interest and principal payments continue to begin in September of 2022.