June 30, 2023

December 31, 2022

Promissory note payable to First Security Bank of Missoula, bearing interest at 2.25%, payable in 59 monthly installments of $1,409 with a final payment of $152,726 maturing November 9, 2026; collateralized by a lien on Certificate of Deposit

$

195,689

$

201,908

Installment contract payable to Caterpillar Financial Services, bearing interest at 6.65%, payable in 24 monthly installments of $7,210 maturing April 28, 2024; collateralized by 2007 Caterpillar 740 articulated truck

69,947

110,097

Total debt

265,636

312,005

Less current portion of debt

(82,573

)

(94,150

)

Long term portion of debt

$

183,063

$

217,855