Interest Rate

Maturity

September 30, 2023

September 30, 2022

Fulton Bank loan $5,250,000 for the purchase of AIS $5,000,000 of the proceeds went to the direct purchase of AIS.

SOFR plus 2.37%(5.35% as of September 30, 2022)

12/15/2022

-

247,284

Fulton Bank loan $400,000 fund equipment for AIS.

SOFR plus 2.37% ( 5.35% as of September 30, 2022)

5/1/2023

-

63,280

Fulton Bank - $360,000 fund equipment for AIS. The Company was in compliance with loan covenants as of June 30, 2023. This loan is secured by certain assets of the Company.

SOFR plus 2.37% (7.68% as of September 30, 2023 and 5.35% as of September 30, 2022).

1/31/2025

108,700

183,839

Fulton Bank mortgage $2,476,000. The Company was in compliance with loan covenants as of September 30, 2023. This loan is secured by the underlying asset.

SOFR plus 2.62% (7.93% on September 30, 2023 and 5.6% as of September 30, 2022).

1/28/2040

2,180,115

2,245,664

Fulton Bank (HEISEY) - mortgage loan; requires monthly principal and interest payments through August 1, 2043 with a final payment of remaining principal on September 1, 2043; The loan is collateralized by 615 Florence Street and 740 Barber Street.

SOFR plus 2.80% per annum (8.11% as of September 30, 2023).

9/30/2043

1,200,000

-

Fulton Bank (HEISEY) - promissory note related to purchase of Heisey; requires 84 monthly principal and interest payments; The note is collateralized by all assets and guaranteed by the Parent; matures in 2030.

SOFR plus 2.8% per annum (8.11% as of September 30, 2023)

7/1/2030

2,122,565

-

Note payable - $439,774. For the purchase of VDI. Payable in two installments on October 26, 2021, and October 26, 2022.

5%

10/26/2022

-

219,370

Note payable - $5,755,000 - Less original issue discount $750,000 and legal fees $5,000, net cash received $5,000,000 Unamortized original issue discount balance of $0 and $250,000, as of September 30, 2023 and September 30, 2022 respectively.

8%

6/30/2024

4,596,589

4,943,929

Note payable - $9,205,000. Less original issue discount $1,200,000 and legal fees $5,000,net cash received $8,000,000. 28,572 shares of common stock valued at $700,400 recognized as additional original issue discount. Unamortized original issue discount balance of $0 and $1,064,778 as of September 30, 2023 and September 30, 2022 respectivly.

8%

8/23/2023

11,243,233

9,738,632

Note Payable - $240,000 For the purchase of Heisey Mechanical, Ltd.

6%

7/1/2024

240,000

-

Term Loan Agreement with NIL Funding Corporation (“NIL”) - $5,600,000 The Company was in compliance with loan covenants as of September 30, 2023.

11.50%

12/31/2024

1,979,743

2,804,743

Paycheck Protection Program loan - $121,400 - The issuing bank determined that this loan qualifies for loan forgiveness; however the Company is awaiting final approval from the Small Business Administration.

1%

5/5/2025

91,114

121,400

Software License Agreement - $1,125,000, for the purchase of software source code for use in our Security segment products

N/A

6/3/2024

675,000

-

Total lines of credit and secured liabilities

$

24,437,059

$

20,568,141

Less: Current maturities

(14,507,711

)

(16,894,743

)

Less: Unamortized original issue discount

-

(1,305,778

)

Lines of credit and secured liabilities, Long Term

$

9,929,348

$

2,367,620