v3.25.2
DEBT (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Debt Disclosure [Abstract]    
SCHEDULE OF DEBT

A breakdown of the Company’s debt as of March 31, 2025 and December 31, 2024 is presented below:

SCHEDULE OF DEBT 

   March 31, 2025   December 31, 2024 
Promissory note  $10,910,592   $11,623,392 
Debt discount and issuance cost   (267,301)   (284,283)
Total debt, net of debt discount and issuance costs   10,643,291    11,339,109 
Current portion of long-term debt   (1,766,419)   (2,200,210)
Current portion of debt discount and issuance cost   68,874    68,873 
Long-term debt  $8,945,746   $9,207,772 

The following table provides a breakdown of the Company’s debt as of December 31, 2024 and 2023 is presented below:

 

   2024   2023 
   December 31, 
   2024   2023 
Promissory note  $11,623,392   $3,106,508 
Debt discount and issuance cost   (284,283)   - 
Total debt, net of debt discount and issuance costs   11,339,109    3,106,508 
Current portion of long-term debt   (2,200,210)   (702,701)
Current portion of debt discount and issuance cost   68,873    - 
Long-term debt  $9,207,772   $2,403,807 
SCHEDULE OF DEBT REPAYMENT

The following table summarizes the five-year repayment schedule:

 SCHEDULE OF DEBT REPAYMENT

For the years ending December 31,   
2025 (remaining nine months)  $1,487,410 
2026   3,016,526 
2027   5,595,359 
2028   534,923 
2029   276,374 
Total  $10,910,592 

The following table summarizes the 5-year repayment schedule:

 

For the years ending December 31,    
2025  $2,200,210 
2026   3,016,526 
2027   5,595,359 
2028   534,923 
2029   276,374 
Total  $11,623,392