| Schedule of Notes Payable |
As
of December 31, 2025 and December 31, 2024, notes payable consisted of the following:
| | | 2025 | | | 2024 | | | LV Note | | $ | 1,000,000 | | | $ | 5,000,000 | | | 2nd Lien Note | | | 1,000,000 | | | | 1,000,000 | | | BCV Loan Agreement | | | - | | | | 2,100,000 | | | Leighton | | | - | | | | 250,000 | | | New BCV Loan Agreement | | | 2,000,000 | | | | - | | | 1800 Diagonal Note | | | - | | | | 21,467 | | | Second 1800 Diagonal Note | | | - | | | | 27,222 | | | Fifth 1800 Diagonal Note | | | 29,211 | | | | - | | | Sixth 1800 Diagonal Note | | | 22,762 | | | | - | | | Seventh 1800 Diagonal Note | | | 33,037 | | | | - | | | Eighth 1800 Diagonal Note | | | 239,200 | | | | - | | | Tenth 1800 Diagonal Note | | | 154,400 | | | | - | | | Cash Advance Agreement | | | 427,000 | | | | 76,141 | | | Second Cash Advance Agreement | | | - | | | | 149,828 | | | First Closing Arena Debentures | | | - | | | | 138,889 | | | Second Closing Debentures | | | - | | | | 2,222,222 | | | Boot Capital Note | | | 87,750 | | | | - | | | Sixth Borough Note | | | 250,000 | | | | - | | | 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 plus an exit fee equal to 2% of outstanding principal at the time of payoff. Guaranteed by a former member of Resource Group, collateralized by land held by the Company and the entire principal balance due upon maturity. Despite the fact that the principal and accrued interest were not paid upon maturity, the lender has not declared the note in default and we continue to pay standard interest thereon | | | 2,410,000 | | | | - | | | 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. | | | 38,362 | | | | - | | | 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. | | | 62,506 | | | | - | | | 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. | | | 200,706 | | | | - | | | CCG Loan4 – Note payable with an original principal amount of $1,235,882 dated December 16, 2025 with a maturity date of December 16, 2029, interest rate of 12.50% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 970,416 | | | | - | | | CCG Loan5 – Note payable with an original principal amount of $860,995 dated December 16, 2025 with a maturity date of December 16, 2029, interest rate of 12.4% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 665,995 | | | | - | | | 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. | | | 3,824 | | | | - | | | 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. | | | 2,167,994 | | | | - | | | 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 $5,050,517 dated January 31, 2023 with a maturity date of January 31, 2027, interest rate of 12.5% per annum, with the entire principal amount due upon maturity. | | | 5,050,517 | | | | - | | | 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. The principal and accrued interest were not paid upon maturity. However, the lender has not declared the note in default and we continue to pay standard interest thereon | | | 50,000 | | | | - | | | 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. | | | 220,850 | | | | - | | | 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. | | | 66,890 | | | | - | | | 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. During the quarter ended December 31, 2025, the Company paid off the Dollinger Bridge note with a reduced amount of $195,860 which has been recorded as debt forgiveness and included in other income. As of December 31, 2025, there is no principal balance. | | | - | | | | - | | | 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. | | | 240,175 | | | | - | | | 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. | | | 35,169 | | | | - | | | Allegiant Partners Incorporated - Note payable with an original principal amount of $425,800 dated October 17, 2025 with a maturity date of October 25, 2030, interest rate of 11.26% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 415,115 | | | | - | | | John Deere Equipment 2 - Note payable with an original principal amount of $256,402 dated December 10, 2025 with a maturity date of November 10, 2029, interest rate of 0.0% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 245,719 | | | | - | | | John Deere Equipment 3 - Note payable with an original principal amount of $368,317 dated December 10, 2025 with a maturity date of November 10, 2029, interest rate of 0.0% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 360,644 | | | | - | | | John Deere Equipment 4 - Note payable with an original principal amount of $306,239 dated December 19, 2025 with a maturity date of December 19, 2029, interest rate of 0.0% per annum, secured by underlying equipment and monthly payments of principal and interest. | | | 306,239 | | | | - | | | | | | | | | | | | | 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. The principal balance has not been paid upon maturity. However, the lender has not declared the note in default. | | | 124,229 | | | | - | | | 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. | | | 595,465 | | | | - | | | 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. December 31, 2025, there is no principal balance. | | | - | | | | - | | | 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. | | | 433,512 | | | | - | | | 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. | | | 175,925 | | | | - | | | 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. | | | 90,805 | | | | - | | | 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. | | | 178,630 | | | | - | | | 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 | | | 132,909 | | | | - | | | 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. | | | 256,807 | | | | - | | | 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. | | | 91,800 | | | | - | | | 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. As of December 31, 2025, there is no principal balance. | | | - | | | | - | | | International HZ620 Loan - Note payable with an original principal amount of $173,370 dated July 29, 2025 with a maturity date of July 29, 2031, 7.71% interest and monthly principal payments. | | | 163,715 | | | | - | | | | | | | | | | | | | Total | | | 21,511,653 | | | | 10,985,769 | | | Less: debt discount | | | (749,450 | ) | | | (1,124,157 | ) | | Total debt | | | 20,762,203 | | | | 9,861,612 | | | Less: current maturities, net | | | (12,518,525 | ) | | | (8,361,655 | ) | | Long-term debt, net | | $ | 8,243,678 | | | $ | 1,499,957 | |
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