19. SUBSEQUENT EVENTS

We have evaluated subsequent events through the time of filing on the date we have issued this Quarterly Report on Form 10-Q. During August of 2025, we refinanced some of our bank debt. The principal amount of approximately $1,525,852 outstanding as of the closing date under Loan #6 and the principal amount of approximately $768,209 outstanding as of the closing date under Loan #7 were both refinanced into one loan with a principal amount of $2,327,119 bearing interest at a fixed rate of 6.5% per annum. This interest rate is reduced from 7% on Loan #6 and from 8% on Loan #7. This refinancing removes the balloon principal payments that were due in July of 2026 under both Loans #6 and #7. Principal and interest payments under the new loan of approximately $45,533 per month are due over a five-year term ending during the third quarter of 2030. As of the time of this filing on August 14, 2025, there were no other material, reportable subsequent events.