NOTE PAYABLE (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended |
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Feb. 14, 2023 |
Dec. 31, 2023 |
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NOTE PAYABLE | ||
Loan Amount | $ 605,600 | |
Monthly Payment | $ 69,666 | |
Description of short term loan | The note in the amount of $628,600 carried a 4.15% annual percentage rate and was paid down in nine equal payments of $71,058 beginning in March 2022. The loan was fully paid off, and there was no remaining principal balance as of December 31, 2022 | |
Loan amount eligible payroll costs, percentage rate | 8.40% |
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the required periodic payments applied to interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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