Annual report pursuant to Section 13 and 15(d)

LOT SALE OBLIGATIONS (Tables)

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LOT SALE OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2023
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 year ended December 31, 2023:

 

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, 2023   $ -     $ -     $ -  
Proceeds in connection with Lot Deposit Agreements     525,000       -       525,000  
Cost of lots transferrable upon rescission of Lot Deposit Agreements     80,096       (80,096 )     -  
Amortization of debt discount     -       16,027       16,027  
Balance at December 31, 2023   $ 605,096     $ (64,068 )   $ 541,027