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LONG-TERM DEBT (Tables)
3 Months Ended
Mar. 31, 2025
LONG-TERM DEBT  
Schedule of principal payments on debt

Twelve months ending March 31,

 

Total

 

2026

 

$133,409

 

2027

 

 

126,444

 

2028

 

 

35,192

 

 

 

$295,045

 

Schedule of Long-term debt

 

 

March 31, 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

 

$295,045

 

 

$327,677

 

Less current portion of debt

 

 

(133,409)

 

 

(132,252)

Long-term debt, net

 

$161,636

 

 

$195,425