9. Long-Term Debt

			September 30, 2024			December 31, 2023
(a)i)	Mortgage Payable-due June 1, 2024	$	4,160,540		$	4,213,705
(a)ii)	Mortgage Payable-due March 1, 2024		1,111,200			1,126,692
(a)iii)	Mortgage Payable-due November 2, 2025		1,481,600			1,512,200
(a)iv)	Mortgage Payable-due November 2, 2024		775,168			773,465
(a)v)	Mortgage Payable-due December 14, 2024		1,639,247			1,616,508
(a)vi)	Mortgage Payable-due October 2, 2024		304,991			-
(b)	Canada Emergency Business Account-Due January 18, 2024		-			75,610
(c)	Corporate Term Loan-Due April 7, 2025		46,277			53,761
			9,519,023			9,371,941
Current portion			(9,519,023	)		(9,371,941	)
Long-Term portion		$	-		$	-

Refer also to going concern, note 2.

(a) i) On December 1, 2023, this 1st mortgage was renewed with a new maturity date of June 1, 2024 and a fixed interest rate of 13% per annum. On renewal, the 1st mortgage was increased by $308,380 (C$416,280), from $3,852,160 (C$5,200,000) to $4,160,540 (C$5,616,280), to account for increased interest based on the previous variable rate, three months of prepaid interest and a financing fee. The 1st mortgage is secured by the shares held of 1684567, a 1st mortgage on the Belleville Facility and a general assignment of rents. Financing fees on the 1st mortgage totaled $337,374 (C$455,419). As at September 30, 2024 $351,879 (C$474,999) (December 31, 2023-$44,555; C$58,928) of accrued interest is included in accrued liabilities in the interim condensed consolidated balance sheets. In addition, as at September 30, 2024 there is $nil (C$nil) (December 31, 2023-$32,764; C$43,333) of unamortized financing fees included in long-term debt in the interim condensed consolidated balance sheets.

ii) On March 1, 2023, the Company obtained a 2nd mortgage in the amount of $1,111,200 (C$1,500,000) bearing interest at the annual rate of 12%, repayable monthly, interest only with a maturity date of March 1, 2024, secured as noted under paragraph (a)i) above. The Company incurred financing fees of $44,448 (C$60,000). As at September 30, 2024 $77,602 (C$104,754) (December 31, 2023-$11,187; C$14,795) of accrued interest is included in accrued liabilities in the interim condensed consolidated balance sheets. In addition, as at September 30, 2024, there is $nil (C$nil) (December 31, 2023-$7,457 (C$9,863) of unamortized financing fees included in long-term debt in the interim condensed consolidated balance sheets.

iii) On November 2, 2023, the Company completed the purchase of additional land, consisting of a 2.03-acre site in Hamilton, Ontario, Canada for $2,296,480 (C$3,100,000), prior to an additional disbursement of $43,318 (C$58,475) representing land transfer tax. The Company obtained vendor take-back 1st mortgage in the amount of $1,481,600 (C$2,000,000) bearing interest at 7% annually, payable monthly, interest only and maturing November 2, 2025. An additional mortgage, as noted below under paragraph (a)iv), was arranged to complete the purchase. As at September 30, 2024 $7,934 (C$10,710) in accrued interest is included in accrued liabilities in the interim condensed consolidated balance sheets.

iv) In connection with the purchase of additional land noted above under paragraph (a)iii) above, a 2nd mortgage was obtained in the amount of $777,840 (C$1,050,000) bearing interest at 13% annually, payable monthly interest only maturing November 2, 2024 and secured by a 3rd mortgage on the property in Belleville, Ontario, Canada. The Company incurred financing fees of $29,632 (C$40,000) and as at September 30, 2024, $2,672 (C$3,607) (December 31, 2023-$20,440; C$27,033) of unamortized financing fees is included in long-term debt in the interest condensed consolidated balance sheets.

v) On December 14, 2023, the Company made arrangements to repay the previous 1st mortgage on the first property purchased in Hamilton, Ontario, Canada on August 17, 2021, for a new 1st mortgage bearing interest at 13% annually, payable monthly, interest and maturing December 14, 2024, in the amount of $1,654,427 ($C2,233,298) with new creditors. The original 1st mortgage was a vendor take back mortgage. Financing fees of $74,080 (C$100,000) were incurred and as at September 30, 2024, $15,180 (C$20,492) (December 31, 2023-$72,088; C$95,342) of unamortized financing fees is included in long-term debt in the interim condensed consolidated balance sheets.

vi) On April 2, 2024, the Company received funds in the amount of $145,218 (C$196,028) for a $239,861 ($323,786) 4th mortgage secured by the Belleville Facility bearing interest at 12% annually payable monthly interest only maturing October 2, 2024, cross collateralized by a 3rd mortgage secured by the additional land in Hamilton, Ontario, Canada, net of unpaid interest, a financing fee of $20,002 (C$27,000) and six months of capitalized interest. Further sums totaling $65,349 (C$88,214) were advanced after April 2, 2024, resulting in a balance of $305,210 (C$412,000) at September 30, 2024. As at September 30, 2024 $219 (C$295) of unamortized financing fees is included in long-term-term debt in the interim condensed consolidated balance sheets.

For the three and nine-month periods ended September 30, 2024, $269,096 (C$367,075) and $814,160 (C$1,107,551) (2023-$138,015; C$185,000 and $388,605; C$522,833) respectively, in interest was incurred on the mortgages payable.

(b) As a result of the COVID-19 virus, the Government of Canada launched the Canada Emergency Business Account (the "CEBA"), a program to ensure that small businesses have access to the capital they need to see them through the current challenges and better position them to quickly return to providing services to their communities and creating employment. The program is administered by Canadian chartered banks and credit unions.

These CEBA loans were repaid on January 9, 2024 and January 11, 2024, in total $51,142 (C$70,000) and $22,242 (C$30,000) was forgiven as outlined in the CEBA term loan agreements. The forgiven amount is recorded under other expenses (income) in the interim condensed consolidated statements of operations and comprehensive loss.

(c) On April 8, 2021, the Company took delivery of a truck and hauling trailer for a total purchase price of $161,745 (C$218,338) plus applicable harmonized sales taxes. The purchase was financed by a bank term loan of $148,160 (C$200,000), over a forty-eight-month term, bearing interest at 4.95% per annum with monthly blended instalments of principal and interest payments of $3,631 (C$4,901) due April 7, 2025. As a result of cross defaults, the balance is included in current liabilities. The last payment made was on February 7, 2024. On August 13, 2024, the lender took possession of the truck and hauling trailer to be auctioned. Final auction details of the sale have not been finalized.

For the three and nine-month periods ended September 30, 2024, $632 (C$862) and $1,718 (C$2,337) (2023-$823; C$1,103 and $2,794; C$3,760) respectively, in interest was incurred.