LONG-TERM DEBT OBLIGATIONS

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

LONG-TERM DEBT OBLIGATIONS

8. LONG-TERM DEBT OBLIGATIONS

Long-term debt consists of debt on vehicles and equipment, which serves as the collateral. Interest rates range from 3.69% to 9.95% for 2023. The debt matures from 2023 through 2028.

A summary of payments due under the long-term debt by year is as follows:

2023 – due between April 1, 2023 and March 31, 2024	$	1,025,362
2024 – due between April 1, 2024 and March 31, 2025		1,136,102
2025 – due between April 1, 2025 and March 31, 2026		835,671
2026 – due between April 1, 2026 and March 31, 2027		754,233
2027 – due between April 1, 2027 and March 31, 2028		679,880
2028 and later – due between April 1, 2028 and thereafter		383,045
Total long-term debt	$	4,814,293