LONG TERM DEBT

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

LONG TERM DEBT

8. LONG TERM DEBT

Long term debt, all of which is with Stock Yards Bank and Trust, at September 30, 2025 and December 31, 2024 consisted of the following:

	September 30, 2025			December 31, 2024
ENP Mendota, 10-year mortgage, 5 year fixed index plus 4.50% interest (7.18%) monthly payments through to January 2030, collateralized by real property and all rents on said property	$	365,749		$	387,577
NanoChem, 3-year note payable, 4.90% interest, monthly principal and interest payments through June 2025, collateralized by real property		-			345,036
ENP Peru, 10-year mortgage, 7.18% interest (December 31, 2024 – 4.35%), monthly principal and interest payments through January 2030, collateralized by real property (1st mortgage)		2,611,401			2,658,381
ENP Peru, 10-year mortgage, 5.4% interest, monthly principal payments plus interest through June 2032, collateralized by real property (2nd mortgage)		239,020			243,957
NanoChem, 3-year note payable, 6.5% interest, interest only payments through to July 2024, then monthly principal and interest payments through December 2025, collateralized by manufacturing equipment		347,347			1,355,285
317 Mendota, 5-year note payable, 6.79% interest, interest only payments through June 2024, then monthly principal and interest payments through June 2028 with lump sum payment of $2,024,710 due in June 2028, collateralized by real property		2,184,591			2,223,667
NanoChem, 5-year note payable, 7.0% interest, monthly principal payments plus interest through August 2029, collateralized by manufacturing equipment		1,331,436			1,545,945
Long-term debt		7,079,544			8,759,848
Less: current portion		(2,932,752	)		(2,140,981	)
	$	4,146,792		$	6,618,867

The following table summarizes the scheduled annual future principal payments as of September 30, 2025:

Year Ended December 31,	Principal Amount Due
Remainder of 2025	$	2,631,563
2026		415,250
2027		442,783
2028		471,866
Thereafter		3,118,082
Total	$	7,079,544