| Schedule of Long-term Debt and Liabilities |
Long-term debt and liabilities consisted of the following at:
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
2025 |
|
|
2024 |
|
BMO credit agreement |
$ |
40,187,500 |
|
|
$ |
- |
|
Fortress credit agreement |
|
- |
|
|
|
57,576,929 |
|
Insurance notes payable |
|
235,267 |
|
|
|
242,282 |
|
Long-term debt and liabilities, gross |
|
40,422,767 |
|
|
|
57,819,211 |
|
Less: Unamortized debt issuance costs |
|
(538,793 |
) |
|
|
(2,856,746 |
) |
Long-term debt and liabilities, net of debt issuance costs |
|
39,883,974 |
|
|
|
54,962,465 |
|
Less: Current portion of long-term debt |
|
(2,485,267 |
) |
|
|
(842,282 |
) |
Long-term debt and liabilities, net |
$ |
37,398,707 |
|
|
$ |
54,120,183 |
|
|
| Schedule of Future Maturities of Long-term Obligations |
As of September 30, 2025, future maturities of our long-term obligations are as follows:
|
|
|
|
|
|
|
Total |
|
Years ended December 31, |
|
|
|
2025 |
|
$ |
631,659 |
|
2026 |
|
|
2,416,108 |
|
2027 |
|
|
3,375,000 |
|
2028 |
|
|
3,375,000 |
|
2029 |
|
|
4,500,000 |
|
Thereafter |
|
|
26,125,000 |
|
Long-term liabilities, gross |
|
$ |
40,422,767 |
|
|