| Schedule of Mortgage Balances, including Accrued Interest |
The Company’s mortgage and notes payable balances at June 30, 2026 and December 31, 2025 were comprised of the following (in thousands): | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | CREM Loan, net of debt discount of $1,350 and $1,387 at June 30, 2026 and December 31, 2025, respectively | $ | 55,443 | | | $ | 56,037 | | | | | | | Bank of New England - Wilmington, DE property | 875 | | | 947 | | | | | | | DuQuoin State Bank - Anna, IL and Harrisburg, IL properties | 1,960 | | | 1,979 | | | DuQuoin State Bank - Metropolis, IL property | 2,327 | | | 2,358 | | | DuQuoin State Bank - Mt. Vernon, IL property (retail) | 1,084 | | | 1,103 | | | Du Quoin State Bank - Mt. Vernon, IL property (grow and production) | 2,782 | | | 2,814 | | Promissory note issued to the holders of the Series B Convertible Preferred Stock under the Restructuring and Exchange Agreement (see Note 10), net of debt discount of $144 at June 30, 2026 | 1,746 | | | — | | Promissory note issued to the holders of the Series B Convertible Preferred Stock under the Restructuring and Exchange Agreement (see Note 10), net of debt discount of $686 at June 30, 2026 | 5,196 | | | — | | Promissory note issued as purchase consideration - Ermont Acquisition, net of debt discount of $1,189 and $1,327 at June 30, 2026 and December 31, 2025, respectively | 3,391 | | | 3,248 | | Promissory note issued as purchase consideration - Greenhouse Naturals Acquisition, net of debt discount of $488 and $513 at June 30, 2026 and December 31, 2025, respectively | 3,261 | | | 3,429 | | | | | | | | | | | Promissory note issued to purchase land | 352 | | | 352 | | | Promissory notes issued to purchase motor vehicles | 187 | | | 185 | | | Promissory note issued to purchase other machinery and equipment | 212 | | | 293 | | | Total mortgages and notes payable | 78,816 | | | 72,745 | | | Less: Mortgages and notes payable, current portion | (3,417) | | | (2,553) | | | Mortgages and notes payable, net of current portion | $ | 75,399 | | | $ | 70,192 | |
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| Schedule of Principal Amounts Due |
The future principal amounts due under the Company's outstanding mortgages and notes payable at June 30, 2026 were as follows (in thousands):
| | | | | | | Year ending December 31, | | | Remainder of 2026 | $ | 1,559 | | | 2027 | 3,655 | | | 2028 | 4,746 | | | 2029 | 7,680 | | | 2030 | 3,545 | | | Thereafter | 61,487 | | | Total future principal payments | 82,672 | | | Less: discount | (3,856) | | | Total future principal payments, net of discount | $ | 78,816 | |
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