v3.26.1
SALE OF ASSETS
3 Months Ended
Mar. 31, 2026
Sale Of Assets Abstract  
SALE OF ASSETS

4. SALE OF ASSETS

 

On March 6, 2026, the Company closed the sale of its warehouse and office facility in Mountaintop, Pennsylvania. A gain in the amount of $2,764,063 was recorded on this transaction. The following table presents components of the sale and gain:

 

Sales price of land and building  $9,225,000 
Assets held-for-sale   (6,144,793)
ROU assets, financing   (215,509)
Deferred revenue   342,000 
Legal, title, and other expenses   (442,635)
Gain on sale  $2,764,063 

 

In connection with this transaction, the Company’s term loan with Maple Mark Bank was paid off and a loss on the early extinguishment of debt of $608,539 was recorded.