Line of Credit and Notes Payable, Net of Discount (Details) - USD ($) |
Dec. 31, 2024 |
Dec. 31, 2023 |
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Line of Credit and Notes Payable, Net of Discount | ||
Total notes payable | $ 1,934,583 | $ 220,000 |
Less: Current portion | (433,983) | $ (220,000) |
Less: Fair value adjustment for debt | (906,659) | |
Total notes payable, net of current portion | $ 593,941 | |
Weighted average effective interest rate of notes payable (%) | 5.50% | 11.90% |
Note payable issued November 29, 2021 | ||
Line of Credit and Notes Payable, Net of Discount | ||
Total notes payable | $ 336,983 | |
Note payable issued December 1, 2021 | ||
Line of Credit and Notes Payable, Net of Discount | ||
Total notes payable | 1,500,600 | |
Note payable issued January 12, 2023 | ||
Line of Credit and Notes Payable, Net of Discount | ||
Total notes payable | $ 220,000 | |
Note payable issued August 18, 2023 | ||
Line of Credit and Notes Payable, Net of Discount | ||
Total notes payable | 64,000 | |
Note payable issued November 29, 2023 | ||
Line of Credit and Notes Payable, Net of Discount | ||
Total notes payable | $ 33,000 |
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. 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/exampleRef
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- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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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- Definition The amount of increase (decrease) in long term debt from fair value adjustments. No definition available.
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