[Technical Difficulty] …during the fourth quarter of last year alone.
We also just entered into a formal agreement to sell the Daney Ranch for $4 million in cash, about twice what we paid for just a couple of years ago.
That will take our $9.6 million in senior debt down by almost half by the end of the next quarter.
The profit from that sales also sheltered from any federal taxes because of our existing tax assets, and we've also began getting significant interests on our other properties, our other non-mining properties, as local economy continues to explode with industrial development.
We won't be able to labor [ph] it, but the Tahoe Reno Industrial part has now sold, the brokers have now sold all of their properties to companies like Google, Tesla, Walmart, Switch and most recently, Blockchains, LLC, and they're all starting to either expand their facilities or breaking ground for new development.
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preservation. Department that, even environmental to state of he Nevada-mining X he to Advisory and ran, legislation, reporting our the the prepared our years, our every Bob Leo official, state-wide former far Nevada one years was to X Governor And X to Leo Chief Conservation Nevada ran He service the with of from and Sandoval's the the economic Let in And thanking the the that, concerned, Protection us he as over me for remains It's [indiscernible] here newly probably NDEP, almost and of critical years. Environmental top help engineering, and remarks formed Beuro running Water worthwhile participated literally mine Governor directors, governor. our boast Reseigh, the newly and He was historical to industry, responsibilities. appointed predecessor. prior as most Committee even regulation, especially that on Natural cabinet to engineering, in mention close also aspect Drozdoff, by we're of to mining capitalist for can Beuro past has Control developments board. Bob Nevada. of and that Resources Nevada Mining for of prior - Division Director, was joint Mining my mining, Nevada's
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