DEBT (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Debt Disclosure [Abstract] |
|
| Schedule of total debt |
| Schedule of total debt | |
| | |
| |
| | |
December 31, | |
| Debt Type | |
2025 | | |
2024 | |
| Convertible notes payable (see Note 11) | |
$ | 7,710,000 | | |
$ | 5,100,000 | |
| Convertible notes payable - fair value option (see Note 12) | |
| 270,000 | | |
| 320,000 | |
| Non-convertible promissory notes (see Note 13) | |
| 5,080,000 | | |
| 3,880,000 | |
| Non-convertible promissory note – Socialyte (see Note 13) | |
| 3,000,000 | | |
| 3,000,000 | |
| Convertible notes from related party (see Note 14) | |
| 2,242,873 | | |
| — | |
| Loans from related party (see Note 14) | |
| 983,112 | | |
| 3,225,985 | |
| Revolving line of credit (see Note 11) | |
| 400,000 | | |
| 400,000 | |
| First BKU Term Loan, (see Note 11) | |
| 3,481,182 | | |
| 4,565,048 | |
| Second BKU Term Loan, (see Note 11) | |
| 1,381,026 | | |
| 2,000,000 | |
| Debt issuance costs | |
| (71,518 | ) | |
| (96,759 | ) |
| Total debt obligation | |
| 24,476,675 | | |
| 22,394,274 | |
| Less current portion of debt | |
| (6,963,761 | ) | |
| (5,836,018 | ) |
| Noncurrent portion of debt | |
$ | 17,512,914 | | |
$ | 16,558,256 | |
|
| Schedule of maturity dates of the principal amounts |
| Schedule of maturity dates of the principal amounts | |
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| | |
| | |
| | |
| | |
| | |
| |
| Debt Type | |
Maturity Date | |
2026 | | |
2027 | | |
2028 | | |
2029 | | |
2030 | | |
Thereafter | |
| Convertible notes payable | |
Between October 2026 and September 2030 | |
$ | 1,250,000 | | |
$ | 2,950,000 | | |
$ | 400,000 | | |
$ | 785,000 | | |
$ | 2,825,000 | | |
$ | — | |
| Nonconvertible promissory notes | |
Ranging between June 2025 and August 2030 | |
| 500,000 | | |
| 750,000 | | |
| 2,665,000 | | |
| 715,000 | | |
| 450,000 | | |
| — | |
| Nonconvertible unsecured promissory note – Socialyte | |
September 2023 (A) | |
| 3,000,000 | (A) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
| Revolving line of credit | |
July 11,2026 (mandatory 30-day annual clearing of the line of credit balance) | |
| 400,000 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
| BKU First Term Loan | |
September 2028 | |
| 1,176,307 | | |
| 1,276,631 | | |
| 1,028,244 | | |
| — | | |
| — | | |
| — | |
| Second BKU Term Loan | |
December 2027 | |
| 665,501 | | |
| 715,525 | | |
| — | | |
| — | | |
| — | | |
| — | |
| Convertible notes form related party | |
December 2027 through December 2029 | |
| — | | |
| 1,107,873 | | |
| | | |
| 1,135,000 | | |
| — | | |
| — | |
| Loans from related party | |
January 2029 through December 2029 | |
| — | | |
| — | | |
| — | | |
| 983,112 | | |
| — | | |
| — | |
| | |
| |
$ | 6,991,808 | | |
$ | 6,800,029 | | |
$ | 4,093,244 | | |
$ | 3,618,112 | | |
$ | 3,275,000 | | |
$ | — | |
| |
(A) |
As discussed in Note 13, The Socialyte Purchase Agreement allows the Company to offset a working capital deficit against the Socialyte Promissory Note. As such, the Company deferred these installment payments until the final post-closing working capital adjustment is agreed upon with the Socialyte Seller. The Company has filed a lawsuit against the Socialyte Seller and certain of its principals related to the Socialyte Purchase Agreement (Note 25). |
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