Quarterly report [Sections 13 or 15(d)]

Note receivable

v3.25.1
Note receivable
3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Note receivable

Note 5 – Note receivable

 

On October 4, 2023, in connection with the sale of the Company’s ownership interest in WCI, the Company received a one-year unsecured, subordinated, promissory note in an initial principal face amount of $1,000,000 from Ally Waste Services, LLC (“Ally”) at 6% per annum. On the note maturity date, October 4, 2024, the Company received full payment of the one-year promissory note from Ally. The payment consisted of the payment of the $1,000,000 initial principal face amount of the note plus accrued interest of $60,000.