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Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2022
Notes Payable  
Schedule of notes payable

 

 

2022

 

 

2021

 

Building in Salmon, Idaho, 60-month note payable, 7.00% interest rate payable monthly through June 2027, monthly payments of $2,500 with a balloon payment of $260,886 in July 2027

 

$306,084

 

 

$-

 

Resemin Muki Bolter, 36-month note payable, 7.00% interest rate payable monthly through January 2025, monthly payments of $14,821

 

 

345,268

 

 

 

-

 

Paus 2 yrd. LHD, 60-month note payable, 4.78% interest rate payable through October 2024, monthly payments of $5,181

 

 

108,904

 

 

 

164,422

 

Paus 2 yrd. LHD, 60-month note payable, 3.45% interest rate payable through July 2024, monthly payments of $4,847

 

 

89,493

 

 

 

143,547

 

Compressor, 48-month note payable, 5.25% interest rate payable monthly through January 2022, monthly payments of $813

 

 

-

 

 

 

410

 

CarryAll transport, 36-month note payable, 4.5% interest rate payable monthly through June 2024, monthly payments of $627

 

 

10,891

 

 

 

17,752

 

CarryAll transport, 36-month note payable, 4.5% interest rate payable monthly through February 2024, monthly payments of $303

 

 

4,130

 

 

 

7,501

 

Two CarryAll transports, 36-month note payable, 6.3% interest rate payable monthly through May 2025, monthly payments of $1,515

 

 

40,687

 

 

 

-

 

CarryAll transport, 36-month note payable, 6.3% interest rate payable monthly through June 2025, monthly payments of $866

 

 

23,987

 

 

 

-

 

Atlas Copco loader, 60-month note payable, 10.5% interest rate payable monthly through June 2023, monthly payments of $3,550

 

 

20,660

 

 

 

58,866

 

Sandvik LH203 LHD, 36-month note payable, 4.5% interest rate payable monthly through May 2024, monthly payments of $10,352

 

 

170,182

 

 

 

283,955

 

Sandvik LH202 LHD, 36-month note payable, 6.9% interest rate payable monthly through August 2025, monthly payments of $4,933

 

 

143,812

 

 

 

-

 

Doosan Compressor, 36-month note payable, 6.99% interest rate payable monthly through July 2024, monthly payments of $602

 

 

10,820

 

 

 

17,064

 

Caterpillar 306 excavator, 48-month note payable, 4.6% interest rate payable monthly through November 2024, monthly payments of $1,512

 

 

33,216

 

 

 

49,421

 

Caterpillar 938 loader, 60-month note payable, 6.8% interest rate payable monthly through August 2023, monthly payments of $3,751

 

 

29,256

 

 

 

70,734

 

Caterpillar R1600 LHD, 48-month note payable, 4.5% interest rate payable through January 2025, monthly payments of $17,125

 

 

407,909

 

 

 

590,535

 

Caterpillar AD22 haul truck, 48-month note payable, 6.45% interest rate payable monthly through June 2023, monthly payments of $12,979

 

 

76,287

 

 

 

221,694

 

Small Business Administration EIDL 30 year note payable, 3.75% interest payable monthly through December 2054, monthly payments of $731

 

 

163,287

 

 

 

169,211

 

2022 Dodge Ram, 75-month note payable, 5.99% interest rate payable monthly through June 2028, monthly payments of $1,152

 

 

64,648

 

 

 

-

 

2016 Dodge Ram, 75-month note payable, 5.99% interest rate payable monthly through June 2028, monthly payments of $1,190

 

 

66,758

 

 

 

-

 

2020 Ford Transit Van, 72-month note payable, 9.24% interest rate payable monthly through December 2028, monthly payments of $1,060

 

 

58,182

 

 

 

-

 

Total notes payable

 

 

2,174,461

 

 

 

1,795,112

 

Due within one year

 

 

859,393

 

 

 

666,622

 

Due after one year

 

$1,315,068

 

 

$1,128,490

 
Schedule of future principal payment of debt

2023

 

$859,393

 

2024

 

 

654,190

 

2025

 

 

130,164

 

2026

 

 

48,879

 

2027

 

 

307,218

 

2028

 

 

29,163

 

thereafter

 

 

145,454

 

Total

 

$2,174,461