| Schedule of Debt Instruments |
The Company’s debt instruments are as follows:
| | |
June 30,
2025 | | |
December 31,
2024 | |
| Senior Secured Term Loan | |
$ | 21,386,735 | | |
$ | 23,696,417 | |
| Seller Promissory Note | |
| 15,000,000 | | |
| 15,000,000 | |
| Merchant Cash Advances | |
| 1,368,402 | | |
| 948,982 | |
| Convertible Notes Payable | |
| 5,650,000 | | |
| 891,363 | |
| Private loans | |
| - | | |
| 3,556,750 | |
| Total | |
| 43,405,137 | | |
| 44,093,512 | |
| Less: unamortized financing cost | |
| (772,924 | ) | |
| (834,853 | ) |
| Less: current portion including amortization | |
| (6,121,756 | ) | |
| (9,080,910 | ) |
| Long-term debt, net of current portion | |
$ | 36,510,457 | | |
$ | 34,177,749 | |
|
| Schedule of Company’s Maturities of Debt Instruments |
The following summarizes the Company’s maturities
of debt instruments:
| | |
Principal | |
| 12 months ended: | |
| |
| June 30, 2026 | |
$ | 6,537,788 | |
| June 30, 2027 | |
| 31,217,349 | |
| June 30, 2028 | |
| 5,650,000 | |
| Total | |
$ | 43,405,137 | |
|