| Schedule of Notes Payable |
On June 30, 2026 and December 31, 2025, notes
payable consisted of the following:
| | |
June 30,
2026 | | |
December 31,
2025 | |
| Note payable - East West Bank | |
$ | 4,333,090 | | |
$ | 4,358,038 | |
| Notes payable - 23616 Land Contract | |
| - | | |
| 1,335,322 | |
| Note payable – 23634 Land Contract | |
| - | | |
| 379,688 | |
| Note payable - Surprise, AZ property | |
| 1,620,000 | | |
| 1,620,000 | |
| Total principal due on notes payable | |
| 5,953,090 | | |
| 7,693,048 | |
| Less: debt discount | |
| (140,085 | ) | |
| (152,921 | ) |
| Notes payable, net | |
$ | 5,813,005 | | |
$ | 7,540,127 | |
|
| Schedule of Future Principal Payments Under Notes Payable |
On June 30, 2026, future annual principal payments
under the above notes payable were as follows:
| Year ending June 30, | |
Amount | |
| 2027 | |
$ | 46,783 | |
| 2028 | |
| 49,599 | |
| 2029 | |
| 53,582 | |
| 2030 | |
| 57,886 | |
| 2031 | |
| 1,682,535 | |
| Thereafter | |
| 4,062,705 | |
| Total principal payments due on June 30, 2026 | |
$ | 5,953,090 | |
|