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Term Loan
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Term Loan

Note 16 – Term Loan

 

Term debt as of December 31, 2022 and 2021 consists of the following:

  

 

   2022   2021 
Bank of America auto loan, interest at 2.84% per annum, monthly principal, and interest payments of $497, collateralized by vehicle.  $18,427   $- 
           
Bank of America auto loan, interest at 2.49% per annum, monthly principal, and interest payments of $1,505, maturing July 2025, collateralized by vehicle.   44,529    61,710 
           
Bank of America auto loan, interest at 2.24% per annum, monthly principal, and interest payments of $654, maturing October 2025, collateralized by vehicle.   20,920    28,162 
          
Total notes payable   83,876    89,872 
Less: Current maturities   (29,011)   (23,203)
           
Long term debt  $54,865   $66,669 

 

 

Mentor Capital, Inc.

Notes to Consolidated Financial Statements

December 31, 2022 and 2021