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LONG TERM DEBT
3 Months Ended
Mar. 31, 2026
Long-Term Debt, Unclassified [Abstract]  
LONG TERM DEBT

9. LONG TERM DEBT

 

Long term debt, all of which is with StockYards Bank and Trust, at March 31, 2026 and December 31, 2025 consisted of the following:

 

   March 31, 2026   December 31, 2025 
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  $343,714   $351,377 
ENP Peru, 10-year mortgage, 7.18% interest, monthly principal and interest payments through January 2030, collateralized by real property (1st mortgage)   2,579,168    2,595,681 
ENP Peru, 10-year mortgage, 5.4% interest, monthly principal payments plus interest through June 2032, collateralized by real property (2nd mortgage)   235,556    237,317 
NanoChem, 5-year note payable, 7.0% interest, monthly principal payments plus interest through August 2029, collateralized by manufacturing equipment   1,181,586    1,257,285 
Long-term debt   4,340,024    4,441,660 
Less: current portion   (414,205)   (396,961)
Long-term debt non current  $3,925,819   $4,044,699 

 

The following table summarizes the scheduled annual future principal payments as of March 31, 2026:

 

SCHEDULE OF ANNUAL FUTURE PRINCIPAL PAYMENTS 

Year Ended December 31,  Principal
Amount Due
 
Remainder of 2026  $313,972 
2027   443,446 
2028   472,599 
2029   375,772 
2030   2,254,887 
Thereafter   479,348 
Total  $4,340,024