v3.25.2
Loans and Notes Payable (Details) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Total notes payable $ 52,231,449 $ 48,937,951
Loans and notes payable, current 48,530,043 42,423,941
Loans and notes payable, long term 3,701,406 6,514,010
Various promissory notes and convertible notes [Member]    
Debt Instrument [Line Items]    
Total notes payable 50,960 50,960
Various promissory notes for vehicle financing [Member]    
Debt Instrument [Line Items]    
Total notes payable 306,815 445,917
Blue Ridge Bank [Member]    
Debt Instrument [Line Items]    
Total notes payable 410,200 410,200
Small Business Administration [Member]    
Debt Instrument [Line Items]    
Total notes payable 2,326,359 2,389,022
Al Dali International for Gen. Trading & Cont. Co. [Member]    
Debt Instrument [Line Items]    
Total notes payable 221,838 189,391
RSF, LLC [Member]    
Debt Instrument [Line Items]    
Total notes payable 500,000 500,000
Justin Ellis [Member]    
Debt Instrument [Line Items]    
Total notes payable 350,000
Cedarview Opportunities Master Fund LP [Member]    
Debt Instrument [Line Items]    
Total notes payable 2,356,985 2,886,307
Business First Bank [Member]    
Debt Instrument [Line Items]    
Total notes payable 8,938,737 10,842,312
Note payable to Pilot OFS Holdings, LLC [Member]    
Debt Instrument [Line Items]    
Total notes payable 16,619,526 16,619,526
Maxus Capital Group, LLC [Member]    
Debt Instrument [Line Items]    
Total notes payable 9,294,908 10,513,507
Curve Capital, LLC [Member]    
Debt Instrument [Line Items]    
Total notes payable 747,274 2,103,954
Clear Think Capital [Member]    
Debt Instrument [Line Items]    
Total notes payable [1] 4,021,556
Agile Capital Funding, LLC [Member]    
Debt Instrument [Line Items]    
Total notes payable 1,639,035 1,636,855
Short Term Note [Member]    
Debt Instrument [Line Items]    
Total notes payable [2] 575,000
JJ Astor [Member]    
Debt Instrument [Line Items]    
Total notes payable [3] $ 4,222,256
[1] The Company entered multiple twelve-month convertible promissory notes in the second quarter 2025 for a total principal amount of $5,911,765, in connection with a Loan and Security Agreement entered into by and between the Company, its subsidiaries, and the Lender. The Company received $5,025,000, net of closing fees totaling $416,500. The notes mature twelve months from the date of issuance, have a 15% original issuance discount, have a one-time ten percent interest charge applied at the issuance date. In addition, the Company agreed to issue the holders 753,750 shares of common stock as additional consideration for the notes with a value of $595,963 which has been recorded as a debt discount.
[2] The Company obtained a short-term loan of $475,000 in June 2025. The loan originally matured in June 2025 but it was extended to July 2025. The annual interest rate was eighteen percent per annum.
[3] On March 17, 2025, the Company issued a junior secured convertible promissory note due to J.J. Astor & Co. (the “Lender”), in the principal amount of $6,625,000, in connection with a Loan and Security Agreement entered into by and between the Company, its subsidiaries, and the Lender. The Company received $5,000,000, net of closing fees totaling $1,625,000. The note is payable to the Lender over forty-two equal weekly installments of $157,739, which may be paid in cash or, at the option of the Company once an applicable resale registration statement covering the conversion shares is declared effective by the SEC, in free trading shares of its common stock issued at a twenty percent (20%) discount to the lower of either the previous day’s closing price or the average of the four lowest volume-weighted average prices during the prior twenty (20) trading days. The note does not bear interest unless an event of default shall occur and is continuing. The Company agreed to issue the Lender 250,000 shares of its common stock as additional consideration for the loan with a value of $235,000 which has been recorded as a debt discount.