Debt and Other Financing Arrangements

12 Months Ended

Dec. 31, 2023

Note 6. Debt and Other Financing Arrangements

Debt of the Company consisted of the following at December 31, 2023 and 2022:


	December 31, 2023		December 31, 2022
Financing agreement with Imperial PFS that is unsecured. Down payment of $78,000 was required upfront and equal installment payments of $45,672 to be made over a 10 month period. The note matured on August 1, 2023. Annualized interest is 7.35%.	$	-	$	365,379

Financing agreement with Imperial PFS that is unsecured. Down payment of $15,000 was required upfront and equal installment payments of $13,799 to be made over an 8 month period. The note matured on August 1, 2023. Annualized interest is 7.35%.		-		110,396

Financing agreement with Imperial PFS that is unsecured. Down payment of $3,438 was required upfront and equal installment payments of $3,658 to be made over a 11 month period. The note matures on July 1, 2024. Annualized interest is 12.05%.		21,945		-

Financing agreement with Imperial PFS that is unsecured. Down payment of $36,544 was required upfront and equal installment payments of $41,879 to be made over an 10 month period. The note matures on August 1, 2024. Annualized interest is 9.6%.		335,022		-

Financing agreement with Imperial PFS that is unsecured. Down payment of $30,000 was required upfront and equal installment payments of $35,103 to be made over a 6 month period. The note matures on June 1, 2024. Annualized interest is 12.05%.		210,619

	$	567,586	$	475,775

Minimum required principal payments on the Company’s debt as of December 31, 2023 are as follows :