v3.25.2
Convertible Notes Receivable
3 Months Ended
Mar. 31, 2025
Convertible Notes Receivable [Abstract]  
Convertible Notes Receivable

Note 6 — Convertible Notes Receivable

 

For the three months ended March 31, 2025 and for the period from February 8, 2024 (inception) to March 31, 2024, paid in-kind interest income totaled $474,050 and $0, respectively, and are included as a component of interest income on the accompanying statement of operations. For the three months ended March 31, 2025 and for the period from February 8, 2024 (inception) to March 31, 2024, an $11,630,990 allowance for credit losses related to the convertible promissory notes of Camston Wrather LLC issued to the Company in June 2024, August 2024 and September 2024, of which $1,005,990 is related to paid in-kind interest, were included in the accompanying statement of operations.