9. Long-Term Debt

(a) i. On December 1, 2023, this 1st mortgage was renewed with a new maturity date of June 1, 2024 and a fixed interest rate of 13% per annum. On renewal, the 1st mortgage was increased by $298,640 (C$416,280), from $3,730,480 (C$5,200,000) to $4,029,118 (C$5,616,280), to account for increased interest based on the previous variable rate, three months of prepaid interest and a financing fee. The 1st mortgage is secured by the shares held of 1684567, a 1st mortgage on the Belleville Facility and a general assignment of rents. Financing fees on the 1st mortgage totaled $326,718 (C$455,419) and have been fully amortized at December 31, 2024.

ii. On March 1, 2023, the Company obtained a 2nd mortgage in the amount of $1,076,100 (C$1,500,000) bearing interest at the annual rate of 12%, repayable monthly, interest only with a maturity date of March 1, 2024, secured as noted under paragraph i) above. The Company incurred financing fees of $43,044 (C$60,000) and have been fully amortized by December 31, 2024.  An additional mortgage, as noted below under paragraph iv), was arranged to complete the purchase.

iii. On November 2, 2023, the Company completed the purchase of additional land, consisting of a 2.03-acre site in Hamilton, Ontario, Canada for $2,223,940 (C$3,100,000), prior to an additional disbursement of $41,950 (C$58,475) representing land transfer tax. The Company obtained a vendor take-back mortgage in the amount of $1,434,800 (C$2,000,000) bearing interest at 7% annually, payable monthly, interest only and maturing November 2, 2025. On March 9, 2026, this mortgage was assigned to certain private lenders in the amount of $1,510,673 (C$2,105,767), including any unpaid accrued interest and other charges.

iv. In connection with the purchase of additional land noted above under paragraph iii) above, a 2nd mortgage was obtained in the amount of $753,270 (C$1,050,000) bearing interest at 13% annually, payable monthly interest only and secured by a 3rd mortgage on the property at the Belleville Facility.

v. On December 14, 2023, the Company made arrangements to repay the previous 1st mortgage on the first property purchased in Hamilton, Ontario, Canada on August 17, 2021, for a new 1st mortgage in the amount of $1,602,168 (C$2,233,298) with new creditors. The original 1st mortgage was a vendor take back mortgage in the amount of $1,434,800 (C$2,000,000).

vi. On April 2, 2024, the Company received funds in the amount of $140,630 (C$196,028) for a $232,284 (C$323,786) 4th mortgage secured by the Belleville Facility bearing interest at 12% annually payable monthly interest only maturing October 2, 2024, cross collateralized by a 3rd mortgage secured by the additional land in Hamilton, Ontario, Canada, net of any unpaid interest, a financing fee of $19,370 (C$27,000) and six months of capitalized interest. Further, additional sums totaling $539,211 (C$751,619) were advanced after April 2, 2024, resulting in a balance of $771,495 (C$1,075,405) at March 31, 2026.

As at March 31, 2026, $2,129,439 (C$2,968,273) (December 31, 2025-$1,934,432; C$2,651,359) of accrued interest is included in accrued liabilities in the interim condensed consolidated balance sheets.

For the three-month period ended March, 2026, $298,767 (C$409,831) (2025-$266,686; C$382,729) in interest was incurred on the mortgages payable.