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Paycheck Protection Plan loans and Economic Injury Disaster Loans (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of pay check protection plan loan balances

PPP loan balances at December 31, 2021 and 2020 consist of the following:

 

  

December 31,

2021

  

December 31,

2020

 
May 5, 2020, loan from Republic Bank of Arizona to Waste Consolidators, Inc., revised December 1, 2020. The note bore interest at 1% per annum, with with monthly principal and interest payments of $560 beginning December 15, 2020. Loan was forgiven by SBA on March 16, 2021.  $-   $9,449 
                          
Total   -    9,449 
           
Less: Current maturities   -    (6,658)
           
Long-term portion of paycheck protection plan loans  $-   $2,791 
Schedule of EIDL loan balances

EIDL loan balance at December 31, 2021 and 2020 consist of the following:

 

  

December 31,

2021

  

December 31,

2020

 
July 9, 2020, WCI received an additional Economic Injury Disaster Loan, including accrued interest of $8,424 and $2,702 as of December 31, 2021 and 2022, respectively. The note is secured by all tangible and intangible personal property of WCI, bears interest at 3.75% per annum, requires monthly installment payments of $731 beginning July 2022, and matures July 2050.  $158,324   $152,602 
           
Less: Current maturities *   -    - 
           
Long-term portion of economic injury disaster loan  $158,324    152,602 

 

*All payments in 2021 will offset accrued interest incurred in the deferral period and therefore the current maturity of principal is $0 at December 31, 2021.