Note 14: Note Payable

On February 1, 2021, as part of the ChizComm Acquisition, the Company assumed a $200,000 business loan that was entered into on October 15, 2019. The loan matures on September 15, 2026, with payments of $2,999, plus interest at a rate of Prime plus 2.85% per annum, due monthly. As of March 31, 2022, the Company has an outstanding balance of $107,000, classified as a note payable within current and noncurrent liabilities on its consolidated balance sheets.