January 31,

October 31,

2022

2021

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 $3,318,029 due May 1, 2024

$

3,842,812

$

3,899,076

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 $711,773 due May 1, 2024

931,042

954,375

Total long-term debt

4,773,854

4,853,451

Less current installments

328,130

324,840

Long-term debt, excluding current installments

$

4,445,724

$

4,528,611