BRIGHT Schoolhouse

The mission of BRIGHT Schoolhouse is to operate a Kindergarten through fifth grade microschool for up to 30 students. However, over the course of 2025 it was recognized that this concept was not going to work and the market would not support it. We are in the process of winding-up the operations of BRIGHT Schoolhouse and we will be permanently closing down in the first half of 2026. In the second half of 2025 we were able to find a replacement tenant that the landlord signed a direct lease with, so BRIGHT Schoolhouse no longer has a lease obligation. We were also able to negotiate reduced interest on a loan and then pay off the principal of that loan. Additionally, we sold off all of BRIGHT Schoolhouse's FF&E. These funds, along with significant new funds donated by Nicholas Morton and Allison Morton, who are officers and board members of BRIGHT Schoolhouse, were used to pay off all outstanding liabilities and as of the end of 2025, BRIGHT Schoolhouse has no liabilities.