| Schedule of Outstanding Convertible Note |
The table below summarizes the outstanding Convertible Notes as of
June 30, 2025 and December 31, 2024:
| | |
June 30,
2025 | | |
December 31,
2024 | |
| Principal value of Convertible Notes (1) | |
$ | 20,888,741 | | |
$ | 17,836,864 | |
| Debt discount, net of amortization(2) | |
| (2,746,259 | ) | |
| (3,750,932 | ) |
| Convertible Notes payable | |
$ | 18,142,482 | | |
$ | 14,085,932 | |
| (1) | Includes $18,154,462, $0, $1,898,120 and $836,159 of principal for the December 2023, August 2024, January 2025 and June 2025 Convertible Notes at June 30, 2025, respectively. Includes $16,644,699, $1,192,165, $0, and $0 of principal for the December 2023, August 2024, January 2025 and June 2025 Convertible Notes at December 31, 2024, respectively. |
| (2) | Includes $2,532,517, $0, $138,828 and $79,914 of debt discount for the December 2023, August 2024, January 2025 and June 2025 Convertible Notes at June 30, 2025, respectively. Includes $3,419,065, $331,867, $0 and $0 of debt discount for the December 2023, August 2024, January 2025 and June 2025 Convertible Notes at December 31, 2024, respectively. |
|
| Schedule of Disaggregation of Interest Expense |
The table below presents the disaggregation of interest expense for
the three and six months ended June 30, 2025:
| | |
Three months
ended
June 30,
2025 | | |
Six months
ended
June 30,
2025 | |
| Contractual interest expense | |
$ | 1,620,186 | | |
$ | 2,756,792 | |
| Debt discount and issuance cost amortization | |
| 485,162 | | |
| 1,205,535 | |
| Total | |
$ | 2,105,348 | | |
$ | 3,962,327 | |
|