SHORT-TERM BORROWINGS AND NOTES PAYABLE (Details Narrative) - USD ($) |
12 Months Ended | |||||||
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Sep. 03, 2024 |
May 24, 2024 |
Jul. 12, 2022 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Jun. 04, 2024 |
Mar. 11, 2024 |
Mar. 07, 2019 |
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Line of Credit Facility [Line Items] | ||||||||
Short term borrowings | $ 3,343,710 | $ 2,819,620 | ||||||
Interest expense | $ 673,858 | 807,939 | ||||||
Term Note Purchase Agreement [Member] | ||||||||
Line of Credit Facility [Line Items] | ||||||||
Accrued interest rate | 800.00% | 800.00% | ||||||
Term Loan | $ 125,000 | $ 750,000 | ||||||
Principal and outstanding amount | $ 905,861 | |||||||
Revolving Credit Facility [Member] | 2019 Note [Member] | ||||||||
Line of Credit Facility [Line Items] | ||||||||
Line of credit principal amount withdrawn | $ 5,250,000 | $ 5,000,000 | ||||||
Accrued interest rate | 5.25% | |||||||
Line of credit interest rate | 7.50% | |||||||
Short term borrowings | $ 3,343,710 | 2,819,620 | ||||||
Interest expense | $ 602,638 | $ 350,890 |
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the required periodic payments applied to principal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The effective interest rate during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the required periodic payment applied to principal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of borrowings classified as other, maturing within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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