v3.25.1
Notes Payable (Tables)
12 Months Ended
Dec. 31, 2024
NOTES PAYABLE  
Summary of Notes Payable Activity

The following is a summary of the activity during the years ended December 31, 2024 and 2023:

 

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Balance beginning of year

 

$

9,750,000

 

 

$

-

 

Advances

 

 

12,000,000

 

 

 

 

 Conversion of ACL to Note Payable

 

 

 

 

 

9,750,000

 

 Principal Payments

 

 

(11,900,000

)

 

 

 

Balance end of year

 

$

9,850,000

 

 

$

9,750,000