Quarterly report pursuant to Section 13 or 15(d)

LOT SALE OBLIGATIONS (Tables)

v3.24.1.1.u2
LOT SALE OBLIGATIONS (Tables)
3 Months Ended
Mar. 31, 2024
Lot Sale Obligations  
SCHEDULE OF LOT SALE OBLIGATION

The following table summarizes the activity in connection with the Company’s lot sale obligations during the three months ended March 31, 2024:

 

                   
    Lot Sale Obligations  
    Lot Sale Obligations     Debt Discount     Lot Sale Obligations, net of discount  
Balance at December 31, 2023   $ 605,096     $ (64,068 )   $ 541,027  
Portion of lot deposits refunded     (25,000 )     -       (25,000 )
Amortization of debt discount     -       19,355       19,355  
Balance at March 31, 2024   $ 580,096     $ (44,713 )   $ 535,382