LONG-TERM OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2021

LONG-TERM OBLIGATIONS (Tables)

Contractual obligation, fiscal year maturity schedule

	December 31,
	2021		2020
2016 note payable, 6%, unsecured, due December 31, 2021 (A)	$	500,000	$	500,000
Note payable, 10%, secured, due January 1, 2018 (B)		265,000		265,000
Convertible term note payable,12%, secured, due January 1, 2024 (C)		175,000		175,000
Term note payable - PBGC, 6%, secured (D)		0		246,000
2020 note payable, 6%, unsecured, due August 24, 2024 (E)		166,473		166,473
Convertible term note payable,7%, secured (F)		100,000		100,000
Convertible notes payable, 6%, due January 1, 2024 (G)		9,000		9,000
Accrued interest due after 2021(H)		7,836		7,296
		1,223,309		1,468,769
Less: deferred financing costs		0		6,555
		1,223,309		1,462,214
Less: current maturities		765,000		1,004,445
	$	458,309	$	457,769

	Annual		Annual
	Payments		Amortization		Net
Due Prior to 2022	$	1,156,500	$	0	$	1,156,500
2022		638,000		226,677		411,323
2023		206,667		0		206,667
2024		837,408		0		837,408
2025		0		0		0
2026		499,000		0		499,000
Total long-term obligations	$	3,337,575	$	226,677	$	3,110,898

Schedule of notes payable - related parties

	December 31,
	2021		2020
Note payable, up to $500,000, 7.5%, due August 31, 2026 (A)	$	499,000	$	250,000
2020 Note payable, 6%, due January 1, 2024 (B)		328,000		328,000
Convertible notes payable, 6% (C)		146,300		146,300
Convertible note payable, 7%, due June 30, 2023 (D)		25,000		25,000
Note payable, $100,000 line of credit, 6%, unsecured (E)		90,000		90,000
Note payable, $75,000 line of credit, 6%, unsecured (F)		70,000		70,000
Accrued interest due after 2022 (G)		116,465		106,520
		1,274,765		1,015,820
Less current maturities		190,000		-
		1,084,765		1,015,820