| Schedule of Long-Term Debt |
| | | June 30,
2026 | | | December 31,
2025 | | | Equipment and vehicle notes payable to financial institutions, requiring monthly principal and interest payments totaling $1,493,284. The notes bear interest ranging from 3.85% to 10.77%, mature between August 2026 and November 2031, and are secured by the Company’s transportation equipment and vehicles | | $ | 44,671,109 | | | $ | 52,595,562 | | | | | | | | | | | | | Term Debt to Pinnacle Bank, requiring principal payments of $415,255 per month commencing June 2025. The notes bear interest at SOFR (Currently 3.62%) +2.5% margin per month and mature April 2031(1) | | | 19,520,002 | | | | 22,011,534 | | | | | | 64,191,111 | | | | 74,607,096 | | | Less: unamortized debt issuance costs | | | (446,579 | ) | | | (277,051 | ) | | Less: current maturities | | | (19,162,469 | ) | | | (20,303,077 | ) | | Total long-term debt | | $ | 44,582,063 | | | $ | 54,026,968 | | | (1) | The Term Loan and Line of Credit includes financial covenants comprised of maximum leverage (debt / adjusted EBITDA) and debt service coverage ratio (total principal and interest / adjusted EBITDA), both measured quarterly. |
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| Schedule of Future Maturities of Long-Term Debt |
Future maturities of long-term debt are as follows: | For the quarter ending June 30: | | | | | 2026 | | $ | 9,797,756 | | | 2027 | | | 18,253,092 | | | 2028 | | | 16,329,476 | | | 2029 | | | 13,691,967 | | | 2030 and thereafter | | | 6,118,820 | | | Total | | $ | 64,191,111 | |
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