Paycheck Protection Program Loans and Economic Injury Disaster Loans (Tables)

3 Months Ended

Mar. 31, 2022

Paycheck Protection Program Loans And Economic Injury Disaster Loans

Schedule of EIDL loan balances

EIDL loan balances at March 31, 2022 consist of the following:

	March 31, 2022		December 31, 2021
July 9, 2020, WCI received an additional Economic Injury Disaster Loan, including accrued interest of $9,868 and $8,424 as of March 31, 2022 and December 31, 2021, 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.	$	159,768	$	158,324
Less: Current maturities		1,076		-
Long-term portion of economic injury disaster loan	$	158,692	$	158,324