Schedule of notes payable |
Schedule of notes payable | |
| | | |
| | |
| |
March 31, | |
December 31, |
| |
2025 | |
2024 |
Note payable to a bank, interest at 6.75%, due in monthly installments of principal and interest, matures August 15, 2039, secured by a boat. | |
$ | 117,907 | | |
$ | 119,452 | |
Note payable to a bank, interest at 7.49%, due in monthly installments of principal and interest, matures March 15, 2037, secured by a boat. | |
| 4,788 | | |
| 7,832 | |
Note payable to seller (a related party), interest at 7.25%, due August 15, 2025, secured by membership interest in Down 2 Fish Charters, LLC. | |
| 700,000 | | |
| 700,000 | |
Note payable to majority shareholder, interest at 5.00%, matures January 31, 2026, unsecured. | |
| 300,000 | | |
| 300,000 | |
Note payable to majority shareholder, bearing no interest, matures January 31, 2026, unsecured. | |
| 50,000 | | |
| 50,000 | |
Note payable to a related party, bearing no interest, matures December 31, 2025, unsecured. | |
| 24,644 | | |
| 24,644 | |
Note payable to a related party, bearing no interest, matures December 31, 2025, unsecured. | |
| 10,000 | | |
| 10,000 | |
Note payable to a related party, bearing no interest, matures December 31, 2025, unsecured. | |
| 26,000 | | |
| 26,000 | |
Total Notes Payable | |
| 1,233,339 | | |
| 1,237,928 | |
Less: Current Portion of Notes Payable | |
| (11,116 | ) | |
| (12,515 | ) |
Less: Current Portion of Related-Party Notes Payable | |
| (1,110,644 | ) | |
| (760,644 | ) |
Notes Payable, Net of Current Portion | |
$ | 111,579 | | |
$ | 464,769 | |
|