Microsoft PowerPoint - 2024 Annual Meeting SlidesV11

Cash and Debt Overview

• Total cash balance at 12/31/2023 of $10.4 million • Started strategic cash reserve in 2022 and current balance of $2.1 million • Debt balance at 12/31/2023 of $8.0 million: • Effective interest rate of 5.05%; 56% hedged fixed rate • Debt per JME - $5,662 (in range of reasonableness) • 20 Year Amortization with 10 Year Balloon of $4 million in 2030

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