As of September 30, 2023

As of December 31, 2022

Senior Revolver Loan Agreement

$

4,369,500

$

5,869,500

Term Note Payable – Related Party

1,060,004

1,076,987

Bridge Loans – Related Parties

10,000,000

—

Equipment and vehicle notes, 0% to 9.0% interest rates, due in 2025 to 2027 with monthly payments ranging from $400 to $1,400 per month

160,178

252,924

Note Payable to insurance provider, bears 5.78% interest, matures January 2024, monthly payments

136,414

—

Total debt

15,726,096

7,199,411

Less: Current maturities (Excluding Related Parties)

(4,549,585

)

(2,059,309

)

Less: Related Parties

(10,000,000

)

(1,076,987

)

Less: Related Parties – Current Maturities

(1,060,004

)

—

Long-Term debt

$

116,507

$

4,063,115