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DEBT (Tables)
12 Months Ended
Dec. 31, 2023
DEBT  
Schedule of Long-term debt

 

 

At December 31, 

 

 

 

2023

 

 

2022

 

Promissory note payable to First Security Bank of Missoula, bearing interest at 2.25%, payable in 59 monthly installments of $1,409 with a final payment of $152,726 maturing November 9, 2026; collateralized by a lien on Certificate of Deposit

 

$-

 

 

$201,908

 

Installment contract payable to Caterpillar Financial Services, bearing interest at 6.65%, payable in 24 monthly installments of $7,210 maturing April 28, 2024; collateralized by 2007 Caterpillar 740 articulated truck

 

 

28,443

 

 

 

110,097

 

Total debt

 

$28,443

 

 

$312,005

 

Less current portion of debt

 

 

(28,443)

 

 

(94,150)

Long term portion of debt

 

$-

 

 

$217,855