CPS Technologies(CPSH) - 2022 Q4 - Annual Report

(8) Notes Payable In March 2020, the Company acquired a Sonoscan ultrasound microscope for a price of $208 thousand. The full amount was financed through a 5 year note payable with a third party equipment finance company. The note is collateralized by the microscope and is being paid in monthly installments of$4 thousand, consisting of principal plus interest at a rate of 6.47%. The aggregate maturities of the notes payable based on the payment terms of the agreement are as follows: | --- | --- | --- | |-- ...