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LONG TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2024
Long-Term Debt, Unclassified [Abstract]  
SCHEDULE OF 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 (1st 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 
SCHEDULE OF ANNUAL FUTURE PRINCIPAL PAYMENTS

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

 

SCHEDULE OF ANNUAL FUTURE PRINCIPAL PAYMENTS 

Year Ended December 31,  Principal Amount Due 
2025  $2,140,981 
2026   467,149 
2027   498,454 
2028   2,530,128 
Thereafter   3,123,136 
Total  $8,759,848