| SCHEDULE OF MATURITIES OF MORTGAGES RECEIVABLE |
The
following represents the maturities of mortgages receivable as of September 30, 2024:
SCHEDULE
OF MATURITIES OF MORTGAGES RECEIVABLE
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Non-related
Parties |
|
|
Related
Party
|
|
|
Total |
|
| For the period from October 1, 2024 through December 31, 2024 |
|
$ |
983,027 |
|
|
$ |
44,008 |
|
|
$ |
1,027,035 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| For the years ended December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
| 2025 |
|
|
391,037 |
|
|
|
18,890 |
|
|
|
409,927 |
|
| 2026 |
|
|
420,140 |
|
|
|
20,296 |
|
|
|
440,436 |
|
| 2027 |
|
|
451,408 |
|
|
|
21,807 |
|
|
|
473,215 |
|
| 2028 |
|
|
456,797 |
|
|
|
23,430 |
|
|
|
480,227 |
|
| 2029 |
|
|
469,961 |
|
|
|
25,174 |
|
|
|
495,135 |
|
| Thereafter |
|
|
592,730 |
|
|
|
5,430 |
|
|
|
598,160 |
|
| Gross Receivable |
|
|
3,765,100 |
|
|
|
159,035 |
|
|
|
3,924,135 |
|
| Less:
Allowance |
|
|
(1,608,621 |
) |
|
|
(64,745 |
) |
|
|
(1,673,366 |
) |
| Net receivable |
|
|
2,156,479 |
|
|
|
94,290 |
|
|
|
2,250,769 |
|
| Less:
current portion |
|
|
(777,314 |
) |
|
|
(37,103 |
) |
|
|
(814,417 |
) |
| Mortgages receivable,
non-current portion |
|
$ |
1,379,165 |
|
|
$ |
57,187 |
|
|
$ |
1,436,352 |
|
|