Saturday, April 08, 2023 10:40:18 PM
MRNJ
OTCMarkets
PUBLISH DATE
March 24,2023
Notes payable
"On May 26, 2020, the Company obtained a federally guaranteed Payroll Protection Program loan in the amount of $18,333. The loan bears intertest at 1% and is expected to be forgiven prior to maturity in 2022. The balance on the loan was $18,333 at December 31, 2022 and December 31, 2021."
"On August 4, 2020, the Company obtained federally guaranteed Economic Injury Disaster Loan in the amount of $40,000. The loan bears interest at 3.75% interest and is due on August 4, 2030. Installment payments including principal and interest in the amount of $195 will begin on August 4, 2021. The balance on the loan was $40,000 at December 31, 2022 and December 31, 2021."
"On January 5, 2021, the Company issued a note payable in the amount of $17,500. The loan bears interest at 12% and is due on January 4, 2022. The balance on the loan was $17,500 on December 31, 2022 and 2021."
https://www.otcmarkets.com/otcapi/company/financial-report/362611/content
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$17,500
$18,333
$40,000
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