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Posted On: 05/16/2022 10:24:19 AM
Post# of 587
10Q out!
https://ih.advfn.com/stock-market/USOTC/unite...10Q_HTM_bs
As of December 31, 2021, 21, Brian Thom, Chief Executive Officer had a loan payable balance of $175,000.
During the three months ended March 31, 2022, Mr. Thom loaned the Company $165,000 to pay for operating expenses. As of March 31, 2022, $340,000 is owed to Mr. Thom. The loans have an interest rate of 10% and have a maturity date of December 31, 2022.
As of December 31, 2021, Lou Schiliro, the former Chief Operating Officer, had a loan payable balance of $44,000.
During the three months ended March 31, 2022, Mr. Schiliro, loaned the Company $20,000 to pay for operating expenses. As of March 31, 2022, $64,000 is owed to Mr. Schiliro. The loans have an interest rate of 10% and have a maturity date of December 31, 2022.
Third party insiders lending which is many times a good sign especially since these are short term loans. Although there is 2 million in current liabilities!
$5-$10+
https://ih.advfn.com/stock-market/USOTC/unite...10Q_HTM_bs
As of December 31, 2021, 21, Brian Thom, Chief Executive Officer had a loan payable balance of $175,000.
During the three months ended March 31, 2022, Mr. Thom loaned the Company $165,000 to pay for operating expenses. As of March 31, 2022, $340,000 is owed to Mr. Thom. The loans have an interest rate of 10% and have a maturity date of December 31, 2022.
As of December 31, 2021, Lou Schiliro, the former Chief Operating Officer, had a loan payable balance of $44,000.
During the three months ended March 31, 2022, Mr. Schiliro, loaned the Company $20,000 to pay for operating expenses. As of March 31, 2022, $64,000 is owed to Mr. Schiliro. The loans have an interest rate of 10% and have a maturity date of December 31, 2022.
Third party insiders lending which is many times a good sign especially since these are short term loans. Although there is 2 million in current liabilities!
$5-$10+
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