Quarterly report pursuant to Section 13 or 15(d)

Note Payable

Note Payable
3 Months Ended
Mar. 31, 2023
Note Payable [Abstract]  
Note Payable

NOTE 11 – Note Payable


Directors and Officers Liability Insurance


On January 9, 2023, the Company entered into a 9-month financing agreement for its directors and officer’s liability insurance in the amount of approximately $392,000 that bears interest at an annual rate of 7.8%. Monthly payments, including principal and interest, are approximately $45,000 per month. The balance due under this financing agreement was approximately $264,000 and $0 at March 31, 2023 and December 31, 2022, respectively.