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DEBT (Tables)
3 Months Ended
Mar. 31, 2022
DEBT  
Long-term debt

 

 

March 31, 2022

 

 

December 31, 2021

 

Promissory note payable to First Security Bank of Missoula,

bearing interest at 2.25%, payable in 59 monthly installments of $1,409 with a final payment of $152,726 maturing November 9, 2026; collateralized by a lien on Certificate of Deposit

 

$211,093

 

 

$215,150

 

Less current portion

 

 

(12,287)

 

 

(13,230)

Long term portion

 

$198,806

 

 

$201,920

 

Principal payments on debt

Twelve months ending March 31,

 

Principal payment

 

2023

 

$12,287

 

2024

 

 

12,555

 

2025

 

 

12,852

 

2026

 

 

13,144

 

2027

 

 

160,255

 

 

 

$211,093