NOTES PAYABLE

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

NOTES PAYABLE

NOTE 5 — NOTES PAYABLE

The table below represents the Company’s notes payable as of March 31, 2023, and December 31, 2022:

	Principal
	3/31/23		12/31/22
On April 5, 2022, the Company renewed its D & O insurance policy at a cost of approximately $1,037,000, with a down payment of $194,000, financing the remaining balance of approximately $943,000 pursuant to a loan for nine months at a 2.09% annual interest rate and a monthly principal and interest payment of approximately $84,000. The Company recorded interest expense of $150 and $-0- for the three months ended March 31, 2023, and 2022, respectively. As of March 31, 2023, the loan is paid in full.	$	—	$	84,000
	$	—	$	84,000