LONG-TERM DEBT

9 Months Ended

Sep. 30, 2025

LONG-TERM DEBT

LONG-TERM DEBT

NOTE 10 – LONG-TERM DEBT

Long-term debt at September 30, 2025 and December 31, 2024 was as follows:

	September 30, 2025		December 31, 2024
Installment contract payable to Komatsu, bearing interest at 3.49%, payable in 36 monthly installments of $11,799 maturing May 2027; collateralized by the Wheel Loader	$	228,921	$	327,677
Less current portion of debt		(135,754)		(132,252)
Long-term debt, net	$	93,167	$	195,425

At September 30, 2025, the scheduled maturities of debt outstanding for each of the next two years were as follows:

Twelve months ending September 30,	Total
2026	$	135,754
2027		93,167
Total	$	228,921