Long-term debt included the following as of:

December 31, 2023

March 31, 2023

Stadco Term Loan, at 3.79% interest, due August 2028

$

2,784,080

$

3,186,495

Ranor Term Loan, at 6.05% interest, due December 2027

2,231,398

2,276,518

Ranor Revolver Loan, at 7.72% interest, due December 2023

2,550,000

650,000

Total debt

$

7,565,478

$

6,113,013

Less: debt issue costs unamortized

$

130,855

$

145,712

Total debt, net

$

7,434,623

$

5,967,301

Less: Current portion of long-term debt

$

7,434,623

$

1,218,162

Total long-term debt, net

$

—

$

4,749,139