Summary of Significant Accounting Policies (Details 1) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Summary of Significant Accounting Policies | |||
Beginning | $ 1,727,694 | $ 0 | |
New convertible note issued | 0 | 1,999,990 | |
Change in fair value of convertible note | 504,006 | 165,704 | |
Forbearance and other fee | 610,227 | 0 | |
Gain on debt extinguishment | (298,213) | 0 | $ 0 |
Conversion of convertible notes | (2,060,000) | (438,000) | |
Cash repaid | (285,714) | 0 | |
Ending balance | $ 198,000 | $ 1,727,694 | $ 0 |
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- References No definition available.
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- Definition The value of the stock converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value of asset after deduction of liability. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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