Debt (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Defined Benefit Plan Disclosure [Line Items] |
|
| Schedule of Notes Payable |
The
Company has notes payable (in addition to the Senior Secured Notes and the notes payable to Kaufman Kapital described above), consisting
of the following as of December 31, 2025 and December 31, 2024:
Schedule of Notes Payable
| | |
| | |
| |
| | |
December 31, | |
| | |
2025 | | |
2024 | |
| EnWave Equipment Promissory Note | |
$ | 1,500,000 | | |
$ | 251,647 | |
| SBA EIDL Loan | |
| 34,500 | | |
| 34,500 | |
| Total notes payable | |
$ | 1,534,500 | | |
$ | 286,147 | |
| Less: current maturities | |
| 534,668 | | |
| 251,647 | |
| Notes payable, less current maturities | |
$ | 999,832 | | |
$ | 34,500 | |
|
| Schedule of Maturities of Debt |
The
schedule of principal maturities of debt as of December 31, 2025 are as follows:
Schedule of Maturities of Debt
| Year Ending December 31, | |
Amount | |
| 2026 | |
$ | 3,934,668 | |
| 2027 | |
| 764,493 | |
| 2028 | |
| 200,839 | |
| 2029 | |
| - | |
| 2030 and thereafter | |
| 34,500 | |
| Total debt | |
$ | 4,934,500 | |
| Less: current portion | |
| 3,934,668 | |
| Long-term debt | |
$ | 999,832 | |
|
| Schedule of Recognized Interest Expense |
The
Company recognized aggregate interest expense during the years ended December 31, 2025 and December 31, 2024 as follows:
Schedule of Recognized Interest Expense
| | |
| | |
| |
| | |
Years Ended December 31, | |
| | |
2025 | | |
2024 | |
| Interest on convertible notes payable, related parties | |
$ | 418,406 | | |
$ | 115,989 | |
| Amortization of debt discounts on related party convertible notes | |
| 21,320 | | |
| 22,956 | |
| Amortization of debt discounts on related party convertible notes, warrants | |
| 5,958 | | |
| 6,415 | |
| Amortization of debt discounts on related party convertible notes | |
| 5,958 | | |
| 6,415 | |
| Interest on notes payable | |
| 17,058 | | |
| 19,809 | |
| Interest on notes payable, related parties | |
| 261,636 | | |
| 235,200 | |
| Interest on notes payable | |
| 261,636 | | |
| 235,200 | |
| Amortization of debt discounts on related party notes | |
| - | | |
| 258,790 | |
| Amortization of debt discounts on related party notes, warrants | |
| - | | |
| 80,908 | |
| Amortization of debt discounts on related party notes | |
| - | | |
| 80,908 | |
| Fair value adjustment related to amended warrant | |
| 32,099 | | |
| 89,949 | |
| Interest on credit cards | |
| 1,714 | | |
| - | |
| Interest on first credit position financing | |
| 22,404 | | |
| 33,215 | |
| Total interest expense | |
$ | 780,595 | | |
$ | 863,231 | |
|
| Related Party [Member] |
|
| Defined Benefit Plan Disclosure [Line Items] |
|
| Schedule of Notes Payable |
Notes
payable to related parties as of December 31, 2025 and December 31, 2024, consists of the following:
Schedule of Notes Payable Related Parties
| | |
| | |
| |
| | |
December 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Total Kaufman Convertible Notes Payable, related party | |
$ | 3,400,000 | | |
$ | 3,400,000 | |
| Less: discounts | |
| 39,309 | | |
| 66,587 | |
| Convertible notes payable, related parties, net of discounts | |
| 3,360,691 | | |
| 3,333,413 | |
| Less: current maturities | |
| - | | |
| 3,333,413 | |
| Convertible notes payable, related parties, less current maturities | |
$ | 3,360,691 | | |
$ | - | |
| | |
| | | |
| | |
| Total Kaufman Senior Secured Promissory Note, related party | |
| - | | |
| 1,200,000 | |
| Total Senior Notes held by Eagle Vision | |
| - | | |
| 1,560,000 | |
| Total Senior Notes Payable | |
| - | | |
| 1,560,000 | |
| Total notes payable, related parties | |
| - | | |
| 2,760,000 | |
| Less: current maturities | |
| - | | |
| 2,760,000 | |
| Notes payable, related parties, less current maturities | |
$ | - | | |
$ | - | |
|