RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2023

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 9 - RELATED PARTY TRANSACTIONS

Notes Payable and Accrued Interest – Related Parties

For information on related party loans to the Company and other related party transactions, see Notes 5 and 6, Operating Lease and Notes Payable.

The accrued interest and interest expenses recorded for related party loans are shown below.

	June 30, 2023		December 31, 2022
Accrued Interest
Related party loan- J&N Real Estate	$	1,095,854	$	796,891
Related party loan-CEO loan		371,510		271,585
Related party loan – Line of credit		592,752		282,869

	Three months ended		Six months ended		Three months ended		Six months ended
	June 30, 2023		June 30, 2023		June 30, 2022		June 30, 2022
Interest Expense
Related party loan- J&N Real Estate	$	151,713	$	298,964	$	134,637	$	265,315
Related party loan-CEO loan		50,584		99,925		45,790		90,453
Related party loan – Line of Credit		164,646		309,883		51,700		81,835

Other

The Company continues to hold 1,188,000 shares of XXII stock which is available for sale.