ECONOMIC INJURY DISASTER LOAN (Details Narrative) - USD ($) |
3 Months Ended | 9 Months Ended | |||
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Sep. 30, 2022 |
Sep. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
Dec. 31, 2021 |
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Accumulated interest on EIDL Loan | $ 5,909 | $ 5,909 | $ 4,076 | ||
Interest rate | 10.00% | ||||
April 28, 2020 [Member] | |||||
Advances from SBA | $ 5,000 | ||||
July 17, 2020 [Member] | Economic Injury Disaster Loan assistance program [Member] | |||||
Balance of principal and interest payable (Period) description | the balance of principal and interest will be payable over thirty (30) years from the date of the promissory note | ||||
Proceeds from EIDL loan | $ 74,300 | ||||
Interest rate | 3.75% | ||||
payments of principal | 112 | $ 112 | |||
payments of interest | 251 | 251 | |||
Monthly payments of principal and interest | 363 | ||||
Interest expense on notes payable, related parties | $ 702 | $ 702 | $ 2,084 | $ 2,084 |
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- Definition Amount of interest expense incurred on a debt or other obligation to related party. No definition available.
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- Definition Cash inflow associated with loan origination (the process when securing a mortgage for a piece of real property) or lease origination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Percentage increase in the stated interest rate on a short-term debt instrument. No definition available.
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