| SCHEDULE OF BORROWINGS NOT INCLUDING THE CONVERTIBLE NOTES |
Borrowings
of the Company consisted of the following:
SCHEDULE
OF BORROWINGS
| | |
March
31, 2025 | | |
December
31, 2024 | |
| Silverview Loan | |
$ | 10,382,438 | | |
$ | 10,682,438 | |
| PPP Loan | |
| 2,269,456 | | |
| 2,269,456 | |
| COVID19 TTS Loan | |
| 39,247 | | |
| 39,247 | |
| City of Eugene | |
| 389,875 | | |
| 389,875 | |
| Total Notes Payable | |
| 13,081,016 | | |
| 13,381,016 | |
| Less: Debt Issuance Costs | |
| (120,835 | ) | |
| (140,082 | ) |
| Borrowings | |
$ | 12,960,181 | | |
$ | 13,240,934 | |
|
Borrowings
of the Company, not including the Convertible Notes discussed in Note 5, consisted of the following:
SCHEDULE
OF BORROWINGS NOT INCLUDING THE CONVERTIBLE NOTES
| | |
December 31, 2024 | | |
December 31, 2023 | |
| Silverview Loan | |
$ | 10,682,438 | | |
$ | 12,250,000 | |
| PPP Loan | |
| 2,269,456 | | |
| 2,269,456 | |
| COVID19 TTS Loan | |
| 39,247 | | |
| — | |
| City of Eugene | |
| 389,875 | | |
| — | |
| 2023 Channel Partners Loan | |
| — | | |
| 149,824 | |
| Total Notes Payable | |
| 13,381,016 | | |
| 14,669,280 | |
| Less: Debt Issuance Costs | |
| (140,082 | ) | |
| (398,324 | ) |
| Borrowings | |
$ | 13,240,934 | | |
$ | 14,270,956 | |
|
| SCHEDULE OF PRINCIPAL REPAYMENTS |
The
following table represents principal repayments from 2025 and the years through 2029 and thereafter:
SCHEDULE OF PRINCIPAL REPAYMENTS
| Years
Ending | |
Amount | |
| 2025 | |
| 3,529,169 | |
| 2026 | |
| 9,245,977 | |
| 2027 | |
| 66,789 | |
| 2028 | |
| 239,081 | |
| 2029 | |
| — | |
| 2029 | |
| | |
| thereafter | |
| — | |
| Total
borrowing principal repayments | |
$ | 13,081,016 | |
|
The
following table represents principal repayments from 2025 and the years through 2029 and thereafter:
SCHEDULE OF PRINCIPAL REPAYMENTS
| Years Ending | |
Amount | |
| 2025 | |
| - | |
| 2025 | |
$ | 3,829,169 | |
| 2026 | |
| 9,245,977 | |
| 2027 | |
| 66,789 | |
| 2028 | |
| 239,081 | |
| 2029 | |
| — | |
| there after | |
| — | |
| Total borrowing principal
repayments | |
$ | 13,381,016 | |
|