Notes Payable - Schedule of Notes Payable (Details) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
Dec. 11, 2024 |
Nov. 04, 2024 |
Dec. 31, 2023 |
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Debt Instrument [Line Items] | |||||
Total | $ 30,810,366 | $ 30,084,215 | |||
Less: debt discount, net | (46,558) | (66,478) | |||
Less: capitalized debt issuance costs | (857,205) | (1,207,509) | |||
Senior bridge note exit fee provision | 173,926 | 125,302 | |||
Less: current portion | (2,403,163) | 0 | |||
Total notes payable – long-term | 27,677,366 | 28,935,530 | |||
November 2024 Debentures | Convertible debt | |||||
Debt Instrument [Line Items] | |||||
Total | 3,119,892 | 2,583,832 | |||
Aggregate principal amount | 2,150,000 | 2,150,000 | $ 1,000,000 | $ 1,150,000 | |
Convertible senior secured term loan | Convertible debt | |||||
Debt Instrument [Line Items] | |||||
Total | 25,287,311 | 27,500,383 | $ 12,295,000 | ||
SBA loan | Notes Payable to Banks | |||||
Debt Instrument [Line Items] | |||||
Total | 485,300 | 0 | |||
Ameristate loan | Notes Payable to Banks | |||||
Debt Instrument [Line Items] | |||||
Total | $ 1,917,863 | $ 0 |
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- Definition Debt Instrument, Exit Fee Provisions No definition available.
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after accumulated amortization, of debt discount (premium). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as current. Excludes lease obligation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as noncurrent. Excludes lease obligation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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