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v3.24.1.u1

DEBT (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
DEBT |
Schedule Of Long-term Debt |
|  | Outstanding Balance |
|  | March 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Consumer |  |  |  |  |  |
Note payable, FSB (1) |  | $ | 2,537,700 |  |  | $ | 2,563,108 |
Note payable, Truist Bank (3) |  |  | 829,204 |  |  |  | 838,430 |
Notes payable, TBT (4,5) |  |  | 2,043,823 |  |  |  | 2,064,928 |
Note payable, Kretchmer Transaction (6) |  |  | 200,000 |  |  |  | 200,000 |
Sub-total |  |  | 5,610,727 |  |  |  | 5,666,466 |
Commercial |  |  |  |  |  |  |  |
Note payable, FSB (2) |  |  | 5,754,790 |  |  |  | 5,815,381 |
Note payable, Avail Transaction (7) |  |  | 666,667 |  |  |  | 833,333 |
Sub-total |  |  | 6,421,457 |  |  |  | 6,648,714 |
Corporate |  |  |  |  |  |  |  |
Line of credit, FSB (8) |  |  | - |  |  |  | - |
Note payable, TBT (9) |  |  | 2,589,538 |  |  |  | 2,618,311 |
Sub-total |  |  | 2,589,538 |  |  |  | 2,618,311 |
Sub-total |  |  | 14,621,722 |  |  |  | 14,933,491 |
Current portion |  |  | (1,475,625 | ) |  |  | (1,361,443 | )
|  | $ | 13,146,097 |  |  | $ | 13,572,048 |
Schedule of Future Payments of Notes Payable, Related Party |
|  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | Thereafter |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Note payable, FSB (1) |  |  | 81,564 |  |  |  | 112,106 |  |  |  | 2,344,030 |  |  |  | - |  |  |  | - |  |  |  | - |
Note payable, Truist Bank (3) |  |  | 28,029 |  |  |  | 38,745 |  |  |  | 40,203 |  |  |  | 42,077 |  |  |  | 43,639 |  |  |  | 636,511 |
Notes payable, TBT (4,5) |  |  | 70,158 |  |  |  | 495,231 |  |  |  | 78,985 |  |  |  | 80,973 |  |  |  | 83,696 |  |  |  | 1,234,780 |
Note payable, Kretchmer Transaction (6) |  |  | 200,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Sub-total |  |  | 379,751 |  |  |  | 646,082 |  |  |  | 2,463,218 |  |  |  | 123,050 |  |  |  | 127,335 |  |  |  | 1,871,291 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Note payable, FSB (2) |  |  | 186,131 |  |  |  | 254,483 |  |  |  | 5,314,176 |  |  |  | - |  |  |  | - |  |  |  | - |
Note payable, Avail Transaction (7) |  |  | 500,000 |  |  |  | 166,667 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Sub-total |  |  | 686,131 |  |  |  | 421,150 |  |  |  | 5,314,176 |  |  |  | - |  |  |  | - |  |  |  | - |
Corporate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit, FSB (8) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Note payable, TBT (9) |  |  | 87,761 |  |  |  | 2,501,777 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Sub-total |  |  | 87,761 |  |  |  | 2,501,777 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 1,153,643 |  |  | $ | 3,569,009 |  |  | $ | 7,777,394 |  |  | $ | 123,050 |  |  | $ | 127,335 |  |  | $ | 1,871,291 |
Schedule of maturities of long-term debt of Principal Payments |
|  | Scheduled |  |  |  |  |  |  |
|  | Principal |  |  | Loan |  |  |  |
Scheduled Principal Payments and Maturities by Year: |  | Payments |  |  | Maturities |  |  | Total |
2024 |  |  | 953,643 |  |  |  | 200,000 |  |  |  | 1,153,643 |
2025 |  |  | 773,845 |  |  |  | 2,795,164 |  |  |  | 3,569,009 |
2026 |  |  | 465,087 |  |  |  | 7,312,307 |  |  |  | 7,777,394 |
2027 |  |  | 123,050 |  |  |  | - |  |  |  | 123,050 |
2028 |  |  | 127,335 |  |  |  | - |  |  |  | 127,335 |
Thereafter |  |  | 301,908 |  |  |  | 1,569,383 |  |  |  | 1,871,291 |
Total |  | $ | 2,744,868 |  |  | $ | 11,876,854 |  |  | $ | 14,621,722 |

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