NOTES PAYABLE – RELATED PARTIES

12 Months Ended

Dec. 31, 2021

Notes Payable Related Parties

NOTES PAYABLE – RELATED PARTIES

25. NOTES PAYABLE – RELATED PARTIES

Notes payable – related parties at December 31, 2021 and 2020, were comprised of the following:

				December 31,
	2021		2020
Notes payable, related parties	$	-	$	240,000
Less: current portion		-		(188,000	)
Notes payable, related parties – long-term portion	$	-	$	52,000

Microphase was party to several notes payable agreements with six of its past officers, employees and their family members. As of December 31, 2021, the related party notes payable were paid in full.