For
the years ended December 31, 2024 and 2023, the Company recorded interest expense as follows:
SUMMARY OF INTEREST EXPENSE
| | |
Year ended | | |
Year ended | |
| | |
December 31, 2024 | | |
December 31, 2023 | |
| Interest expense - convertible notes | |
$ | 540,816 | | |
$ | 3,423,703 | |
| Interest expense - notes payable | |
| 622,154 | | |
| 978,295 | |
| Interest expense - notes payable - related party | |
| 86,328 | | |
| - | |
| Other | |
| 174,002 | | |
| 281,698 | |
| Amortization of debt discount | |
| 1,319,121 | | |
| 1,733,711 | |
| Interest expense | |
$ | 2,742,421 | | |
$ | 6,417,407 | |
|