April 30,

October 31,

2021

2020

Virginia Real Estate Loan ($6.5 million original principal) payable in monthly installments of $31,812, including interest (at 3.95%), with final payment of $3,644,211 due May 1, 2024

$

3,991,745

$

4,119,850

North Carolina Real Estate Loan ($2.24 million original principal) payable in monthly installments of $10,963, including interest (at 3.95%), with final payment of $1,255,850 due May 1, 2024

992,781

1,045,716

Total long-term debt

4,984,526

5,165,566

Less current installments

292,112

312,109

Long-term debt, excluding current installments

$

4,692,414

$

4,853,457