Annual report pursuant to Section 13 and 15(d)

Notes Payable

Notes Payable	12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]
Notes Payable	NOTE 7 – NOTES PAYABLE On April 22, 2020, the Company received a Paycheck Protection Program (“PPP”) loan from a U.S. Small Business Administration (the “SBA”) lender for $211,300. Management believes the loan will be eligible for forgiveness in accordance with the terms of the program. On July 14, 2020, the Company issued a note payable in the amount of $25,000. This note accrued interest at 12% per annum, payable at maturity, and matured on July 31, 2020. On July 31, 2020, this note was repaid in full. Interest expense The Company incurred interest charges on these notes payable of $1,606 during the year ended December 31, 2020. The aggregate amount of accrued and unpaid interest on this note payable was $1,466 as of December 31, 2020. Other The Company also applied for the Economic Injury Disaster Loan (“EIDL”) from the SBA, which remains pending as of the date hereof. The Company received an EIDL advance amount of $10,000 during the year-ended December 31, 2020. According to the terms set forth by the SBA, regardless of whether the loan application is approved or declined, the advance does not need to be repaid; accordingly, the Company recognized the advance as other income.

Notes Payable

12 Months Ended

Dec. 31, 2020

NOTE 7 – NOTES PAYABLE

On April 22, 2020, the Company received a Paycheck Protection Program (“PPP”) loan from a U.S. Small Business Administration (the “SBA”) lender for $211,300. Management believes the loan will be eligible for forgiveness in accordance with the terms of the program.

On July 14, 2020, the Company issued a note payable in the amount of $25,000. This note accrued interest at 12% per annum, payable at maturity, and matured on July 31, 2020. On July 31, 2020, this note was repaid in full.

Interest expense

The Company incurred interest charges on these notes payable of $1,606 during the year ended December 31, 2020. The aggregate amount of accrued and unpaid interest on this note payable was $1,466 as of December 31, 2020.

Other

The Company also applied for the Economic Injury Disaster Loan (“EIDL”) from the SBA, which remains pending as of the date hereof. The Company received an EIDL advance amount of $10,000 during the year-ended December 31, 2020. According to the terms set forth by the SBA, regardless of whether the loan application is approved or declined, the advance does not need to be repaid; accordingly, the Company recognized the advance as other income.