| Schedule of Notes Payable |
On December 31, 2025 and 2024, notes payable consisted
of the following:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| Note payable - East West Bank | |
$ | 4,358,038 | | |
$ | 4,404,279 | |
| Notes payable - 23616 Land Contract | |
| 1,335,322 | | |
| 1,367,262 | |
| Note payable – 23634 Land Contract | |
| 379,688 | | |
| 398,726 | |
| Note payable - Surprise, AZ property | |
| 1,620,000 | | |
| 1,020,000 | |
| Total principal due on notes payable | |
| 7,693,048 | | |
| 7,190,267 | |
| Less: debt discount | |
| (152,921 | ) | |
| (178,593 | ) |
| Notes payable, net | |
$ | 7,540,127 | | |
$ | 7,011,674 | |
|
| Schedule of Future Principal Payments Under Notes Payable |
On December 31, 2025, future annual principal
payments under the above notes payable were as follows:
| Years ending December 31, | |
Amount | |
| 2026 | |
$ | 80,446 | |
| 2027 | |
| 1,723,522 | |
| 2028 | |
| 50,969 | |
| 2029 | |
| 55,062 | |
| 2030 | |
| 1,679,485 | |
| Thereafter | |
| 4,103,564 | |
| Total principal payments due on December 31, 2025 | |
$ | 7,693,048 | |
|