​

​

June 30, 2025

​

December 31, 2024

​

Notes Payable

Debt Discount

Net

Notes Payable

Debt Discount

Net

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Avenue - Note payable

​

$

8,170,886

​

$

(654,151)

​

$

7,516,735

​

$

5,740,402

​

$

(527,870)

​

$

5,212,532

Avenue - Convertible note payable

​

—

​

—

​

—

​

5,000,000

​

(263,930)

​

4,736,070

​

​

$

8,170,886

​

$

(654,151)

​

$

7,516,735

​

$

10,740,402

​

$

(791,800)

​

$

9,948,602