| Schedule of Notes Payable |
As of March 31, 2025 and December 31,
204, notes payable consisted of the following:
| | | 2025 | | | 2024 | | | LV Note | | $ | 5,000,000 | | | $ | 5,000,000 | | | 2nd Lien Note | | | 1,000,000 | | | | 1,000,000 | | | BCV Loan Agreement | | | 2,200,000 | | | | 2,100,000 | | | Leighton | | | 250,000 | | | | 250,000 | | | 1800 Diagonal Note | | | - | | | | 21,467 | | | Second 1800 Diagonal Note | | | - | | | | 27,222 | | | Fifth 1800 Diagonal Note | | | 128,400 | | | | - | | | Sixth 1800 Diagonal Note | | | 66,700 | | | | - | | | Seventh 1800 Diagonal Note | | | 107,537 | | | | - | | | Cash Advance Agreement | | | - | | | | 76,141 | | | Second Cash Advance Agreement | | | - | | | | 149,828 | | | Fifth Cash Advance Agreement | | | 561,200 | | | | | | | First Closing Arena Debentures | | | 138,889 | | | | 138,889 | | | Second Closing Debentures | | | 772,222 | | | | 2,222,222 | | | Third Closing Debentures | | | 550,000 | | | | | | | Peak One | | | 172,500 | | | | - | | | Member Note (related party) - $480,000 in principal amount of unsecured 6% promissory notes due on the first anniversary of the closing of the Resource Group acquisition closing | | | 480,000 | | | | - | | | Gail Baird Foundation – Mortgage note payable with an original
principal amount of $2,500,000 dated October 23, 2023 with a maturity date of April 21, 2025 and interest rate of 14% per annum. Guaranteed
by a member of the Company, collateralized by land held by the Company and the entire principal balance due upon maturity. The Company
recognized a discount of $350,000 on such note, of which amortization of debt discount of $284,016 and $65,984 has been recognized during
the years ending December 31, 2024 and 2023, respectively. The note is currently in default. | | | 2,500,000 | | | | - | | | CCG Loan1 – Note payable with an original principal amount of $389,469 dated July 12, 2022 with a maturity date of April 12, 2026, interest rate of 10.89% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 93,318 | | | | - | | | CCG Loan2 – Note payable with an original principal amount of $507,935 dated August 26, 2022 with a maturity date of May 26, 2026, interest rate of 11.18% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 133,710 | | | | - | | | CCG Loan3 – Note payable with an original principal amount of $428,446 dated October 13, 2023 with a maturity date of August 13, 2027, interest rate of 12.4% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 253,153 | | | | - | | | John Deere Equipment – Note payable with an original principal amount of $91,778 dated March 4, 2022 with a maturity date of March 4, 2026, no interest and monthly principal payments. | | | 15,296 | | | | - | | | Loeb – Note payable with an original principal amount of $3,196,215 dated September 7, 2023 with a maturity date of September 7, 2026, interest rate of 15.5% per annum during 2023 and 14.5% per annum during 2024, secured by underlying equipment and monthly payments of principal and interest with $1,796,979 due upon maturity. $2,601,704 of the proceeds were used to pay off the Garrington note as described above. | | | 2,524,116 | | | | - | | | Index Loan 2 (related party) – Note payable dated November 8, 2022 due on demand and interest rate of 11.5% per annum | | | 31,749 | | | | - | | | MCS (related party) – Note payable with an original principal
amount of $4,960,517 dated January 31, 2023 with a maturity date of January 1, 2025, interest rate of 12.5% per annum, with the entire
principal amount due upon maturity.$4,097,990 of the proceeds were used to pay off the CA Funding note as described above, along with
$866,088 amounts that were due from related parties and accrued interest. The note is currently in default. | | | 4,960,517 | | | | - | | | ZEI Seller Loan – Note payable with an original principal amount of $750,000 dated March 21, 2022 with a maturity date of April 30, 2025 and interest rate of 7% per annum and entire principal balance due upon maturity. | | | 250,000 | | | | - | | | Moorback 6600 STA – Note payable with an original principal amount of $312,350 dated January 31, 2024 with a maturity date of February 28, 2029, interest rate of 12.89% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 249,121 | | | | - | | | Blending Line STA – Note payable with an original principal amount of $94,605 dated February 1, 2024 with a maturity date of March 5, 2029, interest rate of 12.89% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 75,452 | | | | - | | | Dollinger Bridge – Note payable with an original principal amount of $600,000 dated July 25, 2024 with a maturity date of October 23, 2024, interest rate of 14% per annum, with the entire principal amount due upon maturity. Subsequent to December 31, 2024, the note was extended to December 31, 2025. | | | 540,000 | | | | - | | | 911 Grapple Truck – Note payable with an original principal amount of $305,985 dated September 1, 2024 with a maturity date of August 30, 2029, interest rate of 7.74% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 262,820 | | | | - | | | Ford T350 – Note payable with an original principal amount of $39,066 dated October 1, 2024 with a maturity date of September 30, 2029, interest rate of 9% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 33,279 | | | | - | | | MCA2-Unique Funding Solutions - Cash advance agreement dated May 6, 2025 with a maturity date of November 13, 2025 and weekly estimated payments of $22,192. | | | 395,018 | | | | - | | | MCA3-CFG Merchant Solutions - Cash advance agreement dated June 20, 2025 with a maturity date of May 13, 2026 and weekly estimated payments of $17,443. | | | 859,772 | | | | - | | | MCA4-Greyhaven Partners - Cash advance agreement dated June 26, 2025 with a maturity date of October 12, 2025 and weekly estimated payments of $8,128. | | | 178,800 | | | | - | | | BMO Note payable – Note payable with an original principal amount of $861,485 dated August 22, 2022 with a maturity date of September 30, 2028, interest rate of 6.35% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 505,102 | | | | - | | | Huntington Note Payable – Note payable with an original amount of $317,571 dated December 23, 2022 with a maturity date of December 31, 2028, interest rate of 7.29% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 206,019 | | | | - | | | Xerox Copier Note Payable – Note payable with an original amount of $10,423 dated July 1, 2020 with a maturity date of September 30, 2025, interest rate of 4% per annum, secured by underlying equipment and monthly payments of principal and interest | | | 1,626 | | | | - | | | PNC Equipment Finance – Note payable with an original amount of $158,429 dated December 27, 2022 with a maturity date of January 31, 2029, interest rate of 8% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 103,541 | | | | - | | | SMFL Note Payable – Note payable with an original amount of $357,260 dated December 27, 2022 with a maturity date of January 31, 2029, no interest, secured by underlying equipment and monthly payments of principal and interest. | | | 208,401 | | | | - | | | Verdant – Note payable with an original amount of $496,993 dated September 18, 2022 with a maturity date of October 16, 2027, interest rate of 6.67% per annum, secured by underlying equipment and monthly payments of principal and interest | | | 200,750 | | | | - | | | MCA-CFG Merchant Solutions | | | 775 | | | | - | | | MCA3-CFG Merchant Solutions - Cash advance agreement dated March 21, 2025 with a maturity date of January 21, 2026 and weekly estimated payments of $18,818. | | | 583,366 | | | | - | | | MCA4 - Cedar Advance- Cash advance agreement dated June 16, 2025 with a maturity date of December 16, 2026 and weekly estimated payments of $6,000. | | | 142,000 | | | | - | | | MCA5-MCA Servicing Company Cash advance agreement dated June 25, 2025 with a maturity date of October 11, 2025 and weekly estimated payments of $8,128. | | | 178,800 | | | | - | | | Total | | | 26,913,949 | | | | 10,985,769 | | | Less: debt discount | | | (1,803,747 | ) | | | (1,124,157 | ) | | Total Debt | | | 25,110,203 | | | | 9,861,612 | | | Less: current maturities, net | | | (22,151,811 | ) | | | (8,361,655 | ) | | Long-term debt, net | | $ | 2,958,391 | | | $ | 1,499,957 | |
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