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LONG TERM DEBT

12 Months Ended

Dec. 31, 2024

11. LONG TERM DEBT

Debt, all of which is with StockYards Bank and Trust, at December 31, 2024 and 2023 consisted of the following:

SCHEDULE OF LONG TERM DEBT

	December 31, 2024			December 31, 2023
ENP Mendota, 10-year mortgage, 4.35% to 5 year fixed index plus 4.50% interest, monthly payments through to January 2030, collateralized by real property and all rents on said property	$	387,577		$	399,269
NanoChem, 3-year note payable, 4.90% interest, monthly principal and interest payments through June 2025, collateralized by real property		345,036			1,004,748
ENP Peru, 10-year mortgage, 4.35% interest, monthly principal and interest payments through January 2030, collateralized by real property (1^st mortgage)		2,658,381			2,737,232
ENP Peru, 10-year mortgage, 5.4% interest, monthly principal payments plus interest through June 2032, collateralized by real property (2nd mortgage)		243,957			250,207
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		1,355,285			1,475,188
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		2,223,667			2,248,292
Nanochem, 5-year note payable, 7.0% interest, monthly principal payments plus interest through August 2029, collateralized by manufacturing equipment		1,545,945			-
Long-term debt		8,759,848			8,114,936
Less: current portion		(2,140,981	)		(1,281,632	)
Long-term debt non current	$	6,618,867		$	6,833,304

The following table summarizes the scheduled annual future principal payments as of December 31, 2024