Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2024

Long-Term Debt [Abstract]

Schedule of Long-Term debt

Long-term debt consists of the following:

	December 31, 2023
Equipment notes payable to financial institutions, requiring monthly principal and interest payments totaling $43,359. The notes bear interest ranging from 4.99% to 9.32%, mature between November 2024 November 2026 and are secured by the Company’s transportation equipment.	$	991,676
Note payable to a financial institution requiring monthly principal and interest payment of $6,751 and a balloon payment at maturity, bears interest at 6%, maturing December 2025. The note is secured by a mortgage on real property.		693,836
Equipment notes payable to a financial institution, requiring monthly principal and interest payments totaling $128,733. One note payable was used to refinance existing capital lease obligations in 2022. The notes bear interest ranging from 3.95% to 6.80%, mature between June 2024 and December 2028, and are secured by transportation equipment.		4,966,298
		6,651,810
Less: unamortized debt issuance costs		(16,633	)
Less: current maturities		(1,599,699	)
Total long-term debt	$	5,035,478

Successor

	December 31,
	2024
Equipment and vehicle notes payable to financial institutions, requiring monthly principal and interest payments totaling $1,909,332. The notes bear interest ranging from 1.9% to 13.0%, mature between January 2025 to December 2030 and are secured by the Company’s transportation equipment and vehicles.	$	59,740,532
Term Loan payable to Pinnacle Bank, requiring principal payments of $266,667 per month commencing June 2025. The notes bear interest at SOFR (Currently 4.49%) +2.5% margin per month and mature April 2031.1		16,000,000
		75,740,532
Less: unamortized debt issuance costs		(350,718	)
Less: current maturities		(19,052,903	)
Total long-term debt	$	56,336,911

⁽¹⁾ The Term Loan and Line of Credit includes financial covenants that include maximum leverage (debt / adjusted EBITDA) and debt service coverage ratio (total principal and interest / adjusted EBITDA), both measured quarterly starting from March 2025.

Schedule of Future Maturities of Long-Term Debt

Future maturities of long-term debt are as follows:

For the years ending December 31:
2025	$	19,122,009
2026		15,960,020
2027		14,367,985
2028		12,362,183
2029 and		10,066,705
Thereafter		3,861,630
Total	$	75,740,532