| LONG TERM DEBT |
9.
LONG TERM DEBT
Long
term debt, all of which is with StockYards Bank and Trust, at March 31, 2026 and December 31, 2025 consisted of the following:
SCHEDULE OF LONG TERM DEBT
| | |
March
31, 2026 | | |
December
31, 2025 | |
| ENP Mendota, 10-year mortgage,
5 year fixed index plus 4.50% interest (7.18%) monthly payments through to January 2030, collateralized by real property and all
rents on said property | |
$ | 343,714 | | |
$ | 351,377 | |
| ENP Peru, 10-year
mortgage, 7.18%
interest, monthly principal and interest payments through January 2030, collateralized by real property (1st mortgage) | |
| 2,579,168 | | |
| 2,595,681 | |
| ENP Peru, 10-year mortgage, 5.4% interest,
monthly principal payments plus interest through June 2032, collateralized by real property (2nd mortgage) | |
| 235,556 | | |
| 237,317 | |
| NanoChem, 5-year note
payable, 7.0% interest, monthly principal payments plus interest through August 2029, collateralized by manufacturing equipment | |
| 1,181,586 | | |
| 1,257,285 | |
| Long-term debt | |
| 4,340,024 | | |
| 4,441,660 | |
| Less: current portion | |
| (414,205 | ) | |
| (396,961 | ) |
| Long-term debt non current | |
$ | 3,925,819 | | |
$ | 4,044,699 | |
The
following table summarizes the scheduled annual future principal payments as of March 31, 2026:
SCHEDULE
OF ANNUAL FUTURE PRINCIPAL PAYMENTS
| Year Ended
December 31, | |
Principal
Amount Due | |
| Remainder of 2026 | |
$ | 313,972 | |
| 2027 | |
| 443,446 | |
| 2028 | |
| 472,599 | |
| 2029 | |
| 375,772 | |
| 2030 | |
| 2,254,887 | |
| Thereafter | |
| 479,348 | |
| Total | |
$ | 4,340,024 | |
|