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LINES OF CREDIT
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
LINES OF CREDIT

NOTE 6 – LINES OF CREDIT

 

The Company previously had two (2) lines of credit with a bank, which provided aggregate maximum borrowing availability of $1,050,000 as of 2020. The lines of credit were payable on demand and bore interest at a variable rate with rate ranges from 7.5% to 8.0%. The lines of credit matured in 2020 and were paid in full on January 5, 2020, and February 14, 2020, respectively. The Company had no outstanding lines of credit as of December 31, 2021.