Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Notes Payable

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Note 4 - Notes Payable
6 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Debt Disclosure [Text Block]

NOTE 4 NOTES PAYABLE

 

The Company has a financing loan for its Directors and Officers Insurance (“D&O”) that was incurred in September 2021. The loan bears interest at 4.4% and required monthly payments through June 2022. During the six months ending June 30, 2022, the balance at December 31, 2021 of $53,822 was paid in its entirety.

 

See Note 6Related Party Transactions for loans to STCB from the Company's CEO.