December 31, 2021

March 31, 2021

Stadco Term Loan at 3.79% interest, due August 2028

$

3,833,013

$

—

Ranor Term Loan at 5.21% interest, due March 2022

2,389,885

2,466,408

Revolver loan

1,978,221

—

SBA PPP loan at 1% interest, due May 2022

—

1,317,100

Finance lease liability

—

45,663

Total debt

$

8,201,119

$

3,829,171

Less: debt issue costs unamortized

$

108,195

$

12,270

Total debt, net

$

8,092,924

$

3,816,901

Less: Current portion of long-term debt

$

4,882,456

$

2,474,963

Total long-term debt, net

$

3,210,468

$

1,341,938