| Schedule of outstanding notes payable |
| | | | | | | | | March 31, 2025 | | December 31, 2024 | Current | | | | | | | Convertible note due 2026 | | | 8,583,333 | | | 7,000,000 | Discounts, net (1) | | | (481,736) | | | (462,602) | Debt issuance costs, net (2) | | | (3,681,300) | | | (4,303,686) | Total, convertible note | | | 4,420,297 | | | 2,233,712 | | | | | | | | Airlife Note – principal | | | 444,444 | | | — | Airlife Note – accrued interest | | | 118,283 | | | — | Total, Airlife Note | | | 562,727 | | | — | Total notes payable – current | | $ | 4,983,024 | | $ | 2,233,712 | | | | | | | | | | | | | | | AirLife Note – principal | | $ | 1,555,556 | | $ | 2,000,000 | AirLife Note – accrued interest | | | 142,055 | | | 217,823 | Notes payable – noncurrent | | $ | 1,697,611 | | $ | 2,217,823 |
(1)Discounts as of March 31, 2025 and December 31, 2024, consisted of $700,00 and $490,000, respectively, in discounts less accumulated amortization of $218,264 and $27,398, respectively. (2)Debt issuance costs as of March 31, 2025 and December 31, 2024, consisted of $4,905,769 and $4,558,574, respectively, in debt issuance costs less accumulated amortization of $1,224,469 and $254,888.
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| Schedule of long-term debt future maturities |
| | | | | | | | | | | | | | | Convertible Note, | | | | | | Note Payable | | net of discount | | Total | 2026 | | $ | 562,727 | | $ | 4,420,297 | | $ | 4,983,024 | 2027 | | | 1,697,611 | | | — | | | 1,697,611 | Total | | $ | 2,260,338 | | $ | 4,420,297 | | $ | 6,680,635 |
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