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Debt and Long Term Note Payable - Related Party (Tables)
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
The following table represents the Company’s outstanding debt as of March 31, 2023 and December 31, 2022:

The following table represents the Company’s outstanding debt as of March 31, 2023 and December 31, 2022:

 

   As of
March 31, 2023
   As of
December 31, 2022
 
         
Senior Revolver Loan Agreement  $5,369,500   $5,869,500 
           
Long Term Note Payable – Related Party   1,073,376    1,076,987 
           
Equipment and vehicle notes, 0% to 9.0% interest rates, due in 2025  to 2027 with monthly payments ranging from $400 to $1,400 per month   296,994    252,924 
           
Note Payable to insurance provider, bears 5.78%
     interest, matures January 2024, monthly payments
     of principal and interest of $46,928
   409,242     
Total debt   7,149,112    7,199,411 
Less: Current maturities   (2,481,236)   (2,059,309)
Less: Long Term Note Payable – Related Party   (1,073,376)   (1,076,987)
Long-Term debt  $3,594,500   $4,063,115