8. Note Payable to Bank

6 Months Ended

Jun. 30, 2020

Notes Payable [Abstract]

Note Payable to Bank

At June 30, 2020 and December 31, 2019, the Company had the following notes payable to bank:

	June 30, 2020		December 31, 2019
Promissory note payable to First Security Bank of Missoula,
bearing interest at 3.150%, payable on demand, collateralized
by a lien on Certificate of Deposit	$	99,999	$	97,067
Promissory note payable to First Security Bank of Missoula,
bearing interest at 3.150%, payable on demand, collateralized
by a lien on Certificate of Deposit		65,932		99,999
Total notes payable to the bank	$	165,931	$	197,066

These notes were personally guaranteed by John C. Lawrence, the Company’s previous Chief Executive Officer and Chairman of the Board of Directors. The maximum amount available for borrowing under each note is $99,999. Mr. Lawrence passed away on June 16, 2020. The Company and the bank are considering changes to the guarantee.