| Schedule of Mandatorily redeemable preferred stock |
|
|
|
| Principal
|
| Principal
|
|
| Effective
|
| Balance
|
| Balance
|
| Maturity
| Interest
|
| June 30,
|
| December 31,
|
Lender / Merchant
| Date
| Rate
|
| 2026
|
| 2025
|
Private Lender F
| October 2, 2030
| 10%
| $
| 179,500
| $
| 179,500
|
Private Lender F
| October 2, 2030
| 10%
|
| 117,500
|
| 117,500
|
Private Lender F
| October 2, 2030
| 10%
|
| 118,200
|
| 118,200
|
Private Lender F
| October 2, 2030
| 10%
|
| 42,500
|
| 42,500
|
Private Lender F
| October 2, 2030
| 10%
|
| 55,600
|
| 55,600
|
|
|
|
| 513,300
|
| 513,300
|
Less: Unamortized debt issuance costs
|
| (27,461)
|
| (30,770)
|
|
|
| $
| 485,839
| $
| 482,530
|
As of June 30, 2026, the maturity date of the mandatorily redeemable preferred shares is as follows:
Due in less than one year
|
| $
| -
|
Due in more than one year
|
|
| 513,300
|
Less: Unamortized debt issuance costs
|
|
| (27,461)
|
|
| $
| 485,839
|
|