| Schedule of Notes Payable |
The Company’s notes payable at March 31,
2025 and December 31, 2024 are as follows:
| | |
March 31,
2025 | | |
December 31,
2024 | |
| | |
| | |
| |
| | |
| | |
| |
| $10,000,000 August 9, 2017 Loan | |
$ | 12,333,052 | | |
$ | 12,333,052 | |
| $2,000,000 and $6,000,000 Notes | |
| 9,794,165 | | |
| 9,794,165 | |
| $5,450,000 December 28, 2023 Loan | |
| 2,802,445 | | |
| 2,802,445 | |
| $3,020,824 March 27, 2024 Loan | |
| 1,760,412 | | |
| 2,302,824 | |
| Other | |
| 326,132 | | |
| 317,292 | |
| $2,268,000 February 2025 Loan | |
| 1,620,000 | | |
| - | |
| | |
| 28,636,206 | | |
| 27,549,778 | |
| Unamortized debt issuance cost | |
| (516,988 | ) | |
| (34,432 | ) |
| Total | |
| 28,119,218 | | |
| 27,515,346 | |
| | |
| | | |
| | |
| Current portion, related party | |
| (135,000 | ) | |
| (4,000,000 | ) |
| Current portion, other | |
| (4,754,555 | ) | |
| (7,725,272 | ) |
| Long-term portion, related party | |
| 12,333,053 | | |
| 8,333,053 | |
| Long-term portion, other | |
$ | 10,896,610 | | |
$ | 7,457,022 | |
|
| Schedule of Future Payments |
The Company is required to make future payments
as follows:
The Company is required to make future payments
as follows:
The Company is required to make future payments
as follows:
| 2025 | |
$ | 2,000,000 | |
| 2026 | |
| 802,445 | |
The Company is required to make future payments
as follows:
| 2025 | |
$ | 1,460,412 | |
| 2026 | |
| 300,000 | |
|