Debt and Other Financing Arrangements

3 Months Ended

Mar. 31, 2024

Note 6. Debt and Other Financing Arrangements

Debt of the Company consisted of the following at March 31, 2024 and December 31, 2023:


	March 31, 2024		December 31, 2023
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%.		10,973		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%.		209,386		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%.		105,310		210,619

	$	325,669	$	567,586

Minimum required principal payments on the Company's debt as of March 31, 2024 are as follows: