| SCHEDULE OF MORTGAGES PAYABLE |
At
June 30, 2021 and December 31, 2020, mortgage balances, including accrued interest, were comprised of the following:
SCHEDULE OF MORTGAGES PAYABLE
| |
|
June
30,
2021 |
|
|
December
31,
2020 |
|
| Bank
of New England – Massachusetts properties |
|
$ |
12,665,790 |
|
|
$ |
12,834,090 |
|
| Bank
of New England – Delaware property |
|
|
1,519,716 |
|
|
|
1,575,658 |
|
| DuQuoin
State Bank – Illinois properties |
|
|
793,733 |
|
|
|
814,749 |
|
| South
Porte Bank – Illinois property |
|
|
855,564 |
|
|
|
906,653 |
|
| Total
mortgages payable |
|
|
15,834,803 |
|
|
|
16,131,150 |
|
| Mortgages
payable, current portion |
|
|
(1,350,548 |
) |
|
|
(1,387,014 |
) |
| Mortgages
payable, less current portion |
|
$ |
14,484,255 |
|
|
$ |
14,744,136 |
|
|
| SCHEDULE OF AGGREGATE MATURITIES OF DEBT OUTSTANDING |
As
of June 30, 2021, the aggregate scheduled maturities of the Company’s total debt outstanding were:
SCHEDULE OF AGGREGATE MATURITIES OF DEBT OUTSTANDING
| |
|
|
2021 |
|
| 2021 |
|
$ |
1,151,743 |
|
| 2022 |
|
|
521,091 |
|
| 2023 |
|
|
2,516,622 |
|
| 2024 |
|
|
588,520 |
|
| 2025 |
|
|
629,384 |
|
| Thereafter |
|
|
12,504,018 |
|
| Total |
|
|
17,911,377 |
|
| Less discounts |
|
|
(52,050 |
) |
| Long-term debt, net |
|
$ |
17,859,327 |
|
|