SHORT-TERM LOAN PAYABLE |
3 Months Ended |
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Mar. 31, 2023 | |
| Short-Term Debt [Abstract] | |
| SHORT-TERM LOAN PAYABLE |
NOTE 6: SHORT-TERM LOAN PAYABLE In July 2022, the Company entered into a short-term loan in the amount of $1,669,000. The loan
originally matured July 2023 and bears interest at 7.99%, with monthly payments of both interest and principal.In February 2023, the Company entered into an amended short-term loan in the amount of $1,127,000.
As part of this new short-term loan, the Company received an additional $412,589. The loan matures November 2023 and bears interest at 9.49%, with monthly payments of both interest and principal. |
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- References No definition available.
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- Definition The entire disclosure for short-term debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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