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LONG TERM DEBT
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
LONG TERM DEBT

8. LONG TERM DEBT

 

Long term debt, all of which is with StockYards Bank and Trust, at March 31, 2025 and December 31, 2024 consisted of the following:

SCHEDULE OF LONG TERM DEBT 

   March 31, 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  $375,115   $387,577 
NanoChem, 3-year note payable, 4.90% interest, monthly principal and interest payments through June 2025, collateralized by real property   174,888    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)   2,640,976    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)   242,286    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   1,024,592    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   2,210,315    2,223,667 
NanoChem, 5-year note payable, 7.0% interest, monthly principal payments plus interest through August 2029, collateralized by manufacturing equipment   1,475,333    1,545,945 
Long-term debt   8,143,505    8,759,848 
Less: current portion   (1,634,676)   (2,140,981)
Long-term debt non current  $6,508,829   $6,618,867 

 

 

The following table summarizes the scheduled annual future principal payments as of March 31, 2025:

SCHEDULE OF ANNUAL FUTURE PRINCIPAL PAYMENTS 

Year Ended December 31,  

Principal

Amount Due

  
Remainder of 2025   $ 1,524,624  
2026     468,808  
2027     499,789  
2028     2,531,054  
Thereafter     3,119,230  
Total   $ 8,143,505