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LONG-TERM DEBT (Tables)
6 Months Ended
Jun. 30, 2025
LONG-TERM DEBT  
Schedule of principal payments on debt

 

 

June 30,

2025

 

 

December 31,

2024

 

Installment contract payable to Komatsu, bearing interest at 3.49%, payable in 36 monthly installments of $11,799 maturing May 2027; collateralized by the Wheel Loader

 

$262,127

 

 

$327,677

 

Less current portion of debt

 

 

(134,577)

 

 

(132,252)

Long-term debt, net

 

$127,550

 

 

$195,425

 

Schedule of Long-term debt

Twelve months ending June 30,

 

Total

 

2026

 

$134,577

 

2027

 

 

127,550

 

Total

 

$262,127