| SCHEDULE OF LOT SALE OBLIGATION |
The
following table summarizes the activity in connection with the Company’s lot sale obligations during the nine months ended September
30, 2024:
SCHEDULE OF LOT SALE OBLIGATION
| |
|
Lot
Sale Obligations |
|
|
Debt
Discount |
|
|
Lot
Sale Obligations,
net of discount |
|
| |
|
Lot
Sale Obligations |
| |
|
Lot
Sale Obligations |
|
|
Debt
Discount |
|
|
Lot
Sale Obligations,
net of discount |
|
| Balance at January 1, 2024 |
|
$ |
605,096 |
|
|
$ |
(64,068 |
) |
|
$ |
541,027 |
|
| Lot deposit refunded in
1Q24 |
|
|
(25,000 |
) |
|
|
- |
|
|
|
(25,000 |
) |
| Amortization
of debt discount |
|
|
- |
|
|
|
19,355 |
|
|
|
19,355 |
|
| Balance at March 31, 2024 |
|
|
580,096 |
|
|
|
(44,713 |
) |
|
|
535,382 |
|
| Portion of lot deposit
refunded in 2Q24 |
|
|
(48,450 |
) |
|
|
- |
|
|
|
(48,450 |
) |
| Amortization
of debt discount |
|
|
- |
|
|
|
20,022 |
|
|
|
20,022 |
|
| Balance at June 30, 2024 |
|
|
531,646 |
|
|
|
(24,691 |
) |
|
|
506,954 |
|
| Balance at beginning |
|
|
531,646 |
|
|
|
(24,691 |
) |
|
|
506,954 |
|
| Portion of lot deposit
refunded in 3Q24 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Portion of lot deposit
refunded |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Amortization
of debt discount |
|
|
- |
|
|
|
21,044 |
|
|
|
21,044 |
|
| Balance at September 30, 2024 |
|
$ |
531,646 |
|
|
$ |
(3,647 |
) |
|
$ |
527,998 |
|
| Balance at ending |
|
$ |
531,646 |
|
|
$ |
(3,647 |
) |
|
$ |
527,998 |
|
|