Convertible Notes (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
|---|
| Convertible Notes [Abstract] |
|
| Schedule of L1 Capital Convertible Note |
During the quarter ending March 31, 2025, the
Company converted $875,000 principal and $315,865 towards interest and conversion fees on the L1 Capital convertible note.
| Date | |
Loan | | |
Conversion price | | |
No of shares | |
| 1/7/2025 | |
$ | 125,000 | | |
| 0.62 | | |
| 270,362 | |
| 2/3/2025 | |
| 200,000 | | |
| 0.58 | | |
| 464,681 | |
| 2/14/2025 | |
| 175,000 | | |
| 0.41 | | |
| 583,076 | |
| 2/18/2025 | |
| 175,000 | | |
| 0.41 | | |
| 584,102 | |
| 2/21/2025 | |
| 200,000 | | |
| 0.38 | | |
| 726,818 | |
| Total | |
$ | 875,000 | | |
| | | |
| 2,629,039 | |
|
| Schedule of Convertible Note |
During the quarter ending March 31, 2025, the
Company repaid convertible note amounting to $1,500,000.
| Convertible Note | |
March 31,
2025 | | |
December 31,
2024 | |
| Short-term borrowing | |
$ | - | | |
$ | 2,061 | |
| Long-term borrowing | |
| - | | |
| - | |
| Convertible note outstanding | |
$ | - | | |
$ | 2,061 | |
| Convertible Note | |
March 31,
2025 | | |
December 31,
2024 | |
| Convertible notes payable 1 | |
$ | - | | |
$ | 2,375 | |
| Less: discount 2 | |
| - | | |
| 314 | |
| Notes payable, net of discount 1-2 | |
| - | | |
| 2,061 | |
| Notes payable, current portion, net of discount | |
| - | | |
| 2,061 | |
| Notes payable, long-term portion, net of discount | |
$ | - | | |
$ | - | |
|
| Schedule of Common Stock Warrants |
| | | | | | | | | Weighted | | | | | | | | | | | Weighted | | | Average | | | | | | | | | | | Average | | | Remaining | | | Aggregate | | | | | Number of | | | Exercise | | | Contractual | | | Intrinsic | | | Warrants | | Warrants | | | price | | | Term | | | value | | | Outstanding on January 1, 2025 | | | 967,256 | | | $ | 7.99 | | | | 3.05 | | | $ | 3,785 | | | Granted | | | — | | | | — | | | | — | | | | — | | | Excised | | | — | | | | — | | | | — | | | | — | | | Forfeited or expired | | | — | | | | — | | | | — | | | | — | | | Outstanding on March 31, 2025 | | | 967,256 | | | $ | 7.99 | | | | 2.80 | | | $ | 3,785 | | | Exercisable on March 31, 2025 | | | 424,741 | | | $ | 7.99 | | | | 2.57 | | | $ | 1,662 | | | | | | | | | | | Weighted | | | | | | | | | | | Weighted | | | Average | | | | | | | | | | | Average | | | Remaining | | | Aggregate | | | | | Number of | | | Exercise | | | Contractual | | | Intrinsic | | | Warrants | | Warrants | | | price | | | Term | | | value | | | Outstanding on January 1, 2024 | | | 967,256 | | | $ | 7.99 | | | | 4.07 | | | $ | 3,785 | | | Granted | | | — | | | | — | | | | — | | | | — | | | Excised | | | — | | | | — | | | | — | | | | — | | | Forfeited or expired | | | — | | | | — | | | | — | | | | — | | | Outstanding on March 31, 2024 | | | 967,256 | | | $ | 7.99 | | | | 3.82 | | | $ | 3,785 | | | Exercisable on March 31, 2024 | | | 231,290 | | | $ | 7.99 | | | | 3.82 | | | $ | 1,144 | |
|
| Schedule of Unvested Warrants |
The following table summarizes the activities for our unvested warrants
for the three months ended March 31, 2025.
| |
|
|
|
|
Weighted
average Grant
Date Fair |
|
| |
|
Number of
Warrants |
|
|
Value Per
warrant |
|
| Unvested on January 1, 2025 |
|
|
590,878 |
|
|
$ |
3.51 |
|
| Granted |
|
|
— |
|
|
|
— |
|
| Vested |
|
|
(48,363 |
) |
|
|
3.91 |
|
| Forfeited |
|
|
— |
|
|
|
— |
|
| Unvested on March 31, 2025 |
|
|
542,515 |
|
|
$ |
3.47 |
|
The following table summarizes the activities for our unvested warrants
for the year ended December 31, 2024.
| | |
| | |
Weighted
average Grant
Date Fair | |
| | |
Number of
Warrants | | |
Value Per
warrant | |
| Unvested on January 1, 2024 | |
| 784,329 | | |
$ | 3.91 | |
| Granted | |
| — | | |
| — | |
| Vested | |
| (48,363 | ) | |
| 3.91 | |
| Forfeited | |
| — | | |
| — | |
| Unvested on March 31, 2024 | |
| 735,966 | | |
$ | 3.91 | |
|
| Schedule of Short Term Borrowing |
| Particulars | |
March 31,
2025 | | |
December 31,
2024 | |
| Short Term Borrowing | |
| | |
| |
| Seacoast Business Funding | |
$ | 775 | | |
$ | 589 | |
| Convertible note | |
| - | | |
| 2,061 | |
| Total | |
$ | 775 | | |
$ | 2,650 | |
|