Amount

Term Loan Note payable to Main Street Bank with monthly principal payments of $30,952.38 plus interest at the rate of 9.00% as of December 31, 2022. Secured by all assets of the Company, and subject to certain periodic reporting to the bank, an annual minimum EBITDA plus stock based compensation to debt service coverage ratio of 1.20:1 commencing with the fiscal year ending June 30, 2023, and other conditions. The Term Loan Note matures on October 15, 2028.

$

2,166,667

Less current maturities

(371,429

)

Less debt issuance costs, net of accumulated amortization of $1,859

(21,667

)

Long-term debt, net of current portion of debt issuance costs

$

1,773,571