| Schedule of Debt [Table Text Block] |
The table below shows the components of Debt, net as of December 31, 2025 and December 31, 2024:
|
|
|
|
|
|
|
|
|
|
|
December 31,
2025 |
|
|
December 31,
2024 |
|
Secured Debt Facility |
|
|
|
|
|
|
Principal amount - Term debt |
|
$ |
14,600,000 |
|
|
$ |
52,100,000 |
|
Unamortized debt discount |
|
|
(44,535 |
) |
|
|
(1,188,535 |
) |
Unamortized debt issuance costs |
|
|
(415,471 |
) |
|
|
(1,543,742 |
) |
Debt, net |
|
$ |
14,139,994 |
|
|
$ |
49,367,723 |
|
|
|
|
|
|
|
|
Unsecured, Subordinated Convertible Debenture |
|
|
|
|
|
|
Principal amount |
|
$ |
20,000,000 |
|
|
$ |
20,000,000 |
|
Unamortized debt discount |
|
|
(227,600 |
) |
|
|
(321,377 |
) |
Unamortized debt issuance costs |
|
|
(54,636 |
) |
|
|
(77,147 |
) |
Debt, net |
|
$ |
19,717,764 |
|
|
$ |
19,601,476 |
|
Total Debt, net |
|
$ |
33,857,758 |
|
|
$ |
68,969,199 |
|
Less current portion |
|
$ |
4,000,000 |
|
|
$ |
42,600,000 |
|
Debt non-current portion, net |
|
$ |
29,857,758 |
|
|
$ |
26,369,199 |
|
|