| Long-Term Debt |
Long-term
debt consisted of the following as of March 31, 2026 and December 31, 2025:
| Schedule of long term debt payment | |
| | | |
| | |
| | |
March 31,
2026 | | |
December 31,
2025 | |
| Note payable – SBA: Payable in monthly installments of $731, including interest
at 3.75% per annum, maturing in May 2050, and is unsecured. | |
| 137,972 | | |
| 138,853 | |
| Notes payable –GM Financial: In April 2022, the Company secured
a commercial line up to $300,000 to be used to finance vehicle purchases. The original agreement expired in April 2023
but was renewed for a commercial line up to $350,000 with prevailing GM Financial existing terms each year since. The current
agreement expires in April 2027. One note was paid off when the corresponding vehicle was sold in May 2023, two notes
were paid off when the corresponding vehicles were sold in February 2024, and three notes remain outstanding as of March 31,
2026. The notes are currently payable in aggregate monthly installments of $2,560, including interest at rates ranging from
6.14% to 7.29% per annum, mature at various dates from October 2027 to May of 2028, and are secured by the related vehicles. | |
| 51,706 | | |
| 58,392 | |
| Total | |
$ | 189,678 | | |
$ | 197,245 | |
| Less current portion | |
| (31,572 | ) | |
| (31,058 | ) |
| Long-term debt, net of unamortized debt discount and current portion | |
$ | 158,106 | | |
$ | 166,187 | |
Future
maturities of long-term debt are as follows:
| Schedule of maturities of long-term debt | | |
| | |
| 12 Months Ending March 31, | |
| 2027 | | |
$ | 31,572 | |
| 2028 | | |
| 25,863 | |
| 2029 | | |
| 5,523 | |
| 2030 | | |
| 4,040 | |
| 2031 | | |
| 4,194 | |
| Thereafter | | |
| 118,486 | |
| Total | | |
$ | 189,678 | |
|