v3.26.3
Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long Term Debt Maturities

Long-term debt consists of the following at September 30, 2026 and December 31, 2025:

 

   2026   2025 
         
ELR Associates, LLC, a fully consolidated variable interest entity of the Company, entered into a $863,607 mortgage note payable, securitized by ELR’s real estate and cross-collateralized with all Company assets, with M&T Bank, requiring monthly installments of $7,389, including interest at a fixed rate of 6.13%. The note matures in March 2031, with a lump sum payment due.  $769,185   $799,052 
           
ELR Associates, LLC, entered into a $1,064,000 term note payable with the U.S. Small Business Administration, requiring monthly installments of $6,652, including fees and interest at a fixed rate of 2.22%. The note matures in June 2036. The note is secured by certain assets of the Company and a personal guaranty of the Company’s CEO and majority stockholder.   577,008    616,440 
           
On November 13, 2025, the Company entered into a $1,268,732 Stockholder Loan with the CEO, the proceeds of which were applied to pay down a now extinguished M&T term note. The note amortization calls for monthly payments of $40,031.03 at 6.95% effective annual rate and matures on October 31, 2028, with a lump sum payment due of the remaining balance, if any. On February 28, 2026, the Company borrowed an additional $200,000 from the same stockholder with identical terms, except that the second loan matures on January 31, 2029 and calls for monthly payments of $6,310.40 at 6.95% effective annual rate, with a lump sum payment due of the remaining balance, if any. Payment for both notes began on June 30, 2026, and included $114,692 in principal payments during the third quarter of 2026.   1,316,235    1,268,732 
           
Total Debt   2,662,428    2,684,224 
           
Less: Unamortized Debt Issuance Costs   42,675    55,091 
           
Debt, Less Unamortized Debt Issuance Costs   2,619,753    2,629,133 
           
Less: Current Maturities   577,766    499,853 
           
Total Debt  $2,041,987   $2,129,280 
Schedule of Long Term Future Debt Maturities

At September 30, 2026, the future debt maturities are as follows:

 

      
December 31, 2026  $140,369 
2027   583,956 
2028   814,204 
2029   105,394 
2030   109,747 
Thereafter   908,758 
Total  $2,662,428