Quarterly report pursuant to Section 13 or 15(d)

MORTGAGES AND NOTES PAYABLE (Tables)

v3.22.2
MORTGAGES AND NOTES PAYABLE (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
SCHEDULE OF MORTGAGES

The Company’s mortgage balances, including accrued interest, at June 30, 2022 and December 31, 2021 were comprised of the following (in thousands):

 

    June 30,
2022		     December 31,
2021		  
Bank of New England – New Bedford, MA and Middleboro, MA properties   $ 12,319     $ 12,499  
Bank of New England – Wilmington, DE property     1,404       1,463  
DuQuoin State Bank – Anna, IL and Harrisburg, IL properties     767       778  
DuQuoin State Bank – Metropolis, IL property     2,574       2,658  
South Porte Bank – Mt. Vernon, IL property     814       816  
Total mortgages payable     17,878       18,214  
Less: Mortgages payable, current     (1,417 )      (1,400 )
Mortgages payable, less current portion   $ 16,461     $ 16,814  
SCHEDULE OF MATURITIES OF OUTSTANDING DEBT

The future principal amounts due under the Company outstanding mortgages and notes payable at June 30, 2022 are as follows (in thousands):

 

Year ending December 31,        
Remainder of 2022   $ 1,042  
2023     2,999  
2024     2,323  
2025     2,471  
2026     1,183  
Thereafter     14,025  
Total     24,043  
Less: discount     (680 )
Total debt gross   $ 23,363