| Schedule of Outstanding Debt |
Total outstanding debt of the Company
is comprised of the following, including convertible notes and other related party debt:
| March 31, 2025 | |
Principal | | |
Debt
Discount | | |
Accrued
Interest | | |
Total | |
| Revolving Loan Facility | |
$ | 14,000,000 | | |
$ | - | | |
$ | - | | |
$ | 14,000,000 | |
| Convertible note payable | |
| 750,000 | | |
| (422,321 | ) | |
| - | | |
| 327,679 | |
| Total | |
$ | 14,750,000 | | |
| (422,321 | ) | |
| | | |
$ | 14,327,679 | |
| December 31, 2024 | |
Principal | | |
Debt
Discount | | |
Accrued
Interest | | |
Total | |
| Revolving Loan Facility | |
$ | 12,700,000 | | |
$ | - | | |
$ | - | | |
$ | 12,700,000 | |
| Convertible note payable | |
| 1,200,000 | | |
| (1,102,684 | ) | |
| - | | |
| 97,316 | |
| Total | |
$ | 13,900,000 | | |
$ | (1,102,684 | ) | |
$ | - | | |
$ | 12,797,316 | |
|
Total
outstanding debt of the Company is comprised of the following, including convertible notes and other related party debt:
| December
31, 2024 | |
Principal | | |
Debt
Discount | | |
Accrued
Interest | | |
Total | |
| Revolving
Loan Facility | |
$ | 12,700,000 | | |
$ | - | | |
$ | - | | |
$ | 12,700,000 | |
| Convertible
note payable | |
| 1,200,000 | | |
| (1,102,684 | ) | |
| - | | |
| 97,316 | |
| Total | |
$ | 13,900,000 | | |
$ | (1,102,684 | ) | |
$ | - | | |
$ | 12,797,316 | |
| December
31, 2023 | |
Principal | | |
Debt
Discount | | |
Accrued
Interest | | |
Total | |
| Revolving
Loan Facility | |
$ | 9,000,000 | | |
$ | - | | |
$ | - | | |
$ | 9,000,000 | |
| Other
related party debt (Note 11) | |
| 12,598,000 | | |
| - | | |
| 2,272,993 | | |
| 14,870,993 | |
| Total | |
$ | 21,598,000 | | |
$ | - | | |
$ | 2,272,993 | | |
$ | 23,870,993 | |
|