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LONG TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2023

LONG TERM DEBT

Schedule Of Long-term Debt

		Outstanding Balance
		June 30,				December 31,				Current
		2023				2022				Interest Rate				Maturity
Consumer
Note payable, Farmers Bank (1)		$	2,616,114			$	2,668,527				3.10	%		November 15, 2026
Note payable, Truist Bank (2)			856,547				874,418				3.65	%		July 9, 2030
Note payable, Texas Bank & Trust (3)			447,000				456,187				3.75	%		September 14, 2025
Note payable, Texas Bank & Trust (4)			1,659,344				1,691,020				3.75	%		July 30, 2031
Consumer Sub-Total			5,579,005				5,690,152
Commercial
Note payable, Farmers Bank (1)			5,935,648				6,054,565				3.10	%		November 15, 2026
Line of Credit (5)			-				-				3.10	%		November 15, 2024
Avail Transaction note (6)			1,166,667				1,500,000				0.00	%		April 1, 2025
Commercial Sub-Total			7,102,315				7,554,565
Corporate
Note payable, Texas Bank & Trust (7)			2,675,844				2,732,688				3.25	%		Novemeber 4, 2025
Sub-Total			15,357,164				15,977,405
Current portion			1,251,747				1,250,702
		$	14,105,417			$	14,726,703

Schedule of Future Payments of Notes Payable, Related Party

Note payable, Farmers State Bank
Year Ending December 31,		Amount
2023 (excluding the six months ended June 30, 2023)		$	53,010
2024			108,743
2025			112,162
2026			2,342,199
Subtotal		$	2,616,114

Note payable, Truist Bank
Year Ending December 31,		Amount
2023 (excluding the six months ended June 30, 2023)		$	18,116
2024			37,342
2025			38,748
2026			40,206
2027			42,081
Thereafter			680,054
Subtotal		$	856,547

Note payable, Texas Bank & Trust
Year Ending December 31,		Amount
2023 (excluding the six months ended June 30, 2023)		$	9,315
2024			19,209
2025			418,476
Subtotal		$	447,000

Note payable, Texas Bank & Trust
Year Ending December 31,		Amount
2023 (excluding the six months ended June 30, 2023)		$	31,934
2024			66,218
2025			75,213
2026			78,734
2027			80,711
Thereafter			1,326,534
Subtotal		$	1,659,344

Note payable, Farmers Bank
Year Ending December 31,		Amount
2023 (excluding the six months ended June 30, 2023)		$	120,274
2024			246,725
2025			254,483
2026			5,314,166
Subtotal		$	5,935,648

Note payable, Avail Transaction
Year Ending December 31,		Amount
2023 (excluding the six months ended June 30, 2023)		$	333,334
2024			666,667
2025			166,666
Subtotal		$	1,166,667

Year Ending December 31,		Amount
2023 (excluding the six months ended June 30, 2023)		$	56,825
2024			116,509
2025			2,502,510
Subtotal			2,675,844
		$	15,357,164

Schedule of maturities of long-term debt of Principal Payments

		Scheduled
		Principal				Loan
Scheduled Principal Payments and Maturities by Year:		Payments				Maturities				Total
2023 (excluding the six months ended June 30, 2023)			622,808				-				622,808
2024			1,261,413				-				1,261,413
2025			772,387				2,795,871				3,568,258
2026			464,893				7,310,412				7,775,305
2027			122,792				-				122,792
Thereafter			428,239				1,578,349				2,006,588
Total		$	3,672,532			$	11,684,632			$	15,357,164

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481544/470-10-50-1

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