Notes Payable (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
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| Notes Payable [Abstract] |
|
| Schedule of Notes Payable |
Notes
payable as of December 31, 2025 and 2024 consist of the following:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| Vehicle loans | |
$ | 8,530 | | |
$ | 53,424 | |
| 6% Subordinated promissory notes | |
| 500,000 | | |
| 500,000 | |
| Purchase and sale of future revenues loan | |
| 405,000 | | |
| 1,237,950 | |
| 20% OID subordinated promissory notes – March 2024 | |
| 3,313,820 | | |
| 3,217,932 | |
| 12% Subordinated promissory note for services | |
| 840,000 | | |
| 500,000 | |
| 25% OID subordinated promissory note | |
| 1,455,600 | | |
| 1,455,600 | |
| CMD seller promissory note | |
| – | | |
| 1,050,000 | |
| Total notes payable | |
| 6,522,950 | | |
| 8,014,906 | |
| Less: debt discounts | |
| (46,829 | ) | |
| (220,465 | ) |
| Total notes payable, net | |
$ | 6,476,121 | | |
$ | 7,794,441 | |
| | |
| | | |
| | |
| Current portion of notes payable, net | |
$ | 6,476,121 | | |
$ | 7,785,911 | |
| Notes payable, net of current portion | |
$ | – | | |
$ | 8,530 | |
|
| Schedule of Increase the Outstanding Principal as Consideration |
The
note was subsequently amended on five occasions to extend the maturity date, with the Company agreeing to increase the outstanding principal
as consideration for each extension as follows:
| Amendment Date | | Extended Maturity Date | | Principal
Increase | | | Loss on
Extinguishment | | | August 20, 2024 | | November 30, 2024 | | $ | 500,000 | | | $ | 500,000 | | | November 15, 2024 | | December 31, 2024 | | $ | 446,935 | | | $ | 446,935 | | | December 16, 2024 | | March 31, 2025 | | $ | 536,322 | | | $ | 536,322 | | | March 31, 2025 | | November 7, 2025 | | $ | 1,358,966 | | | $ | 1,358,966 | | | November 10, 2025 | | March 31, 2026 | | $ | 86,922 | | | $ | 86,922 | |
|
| Schedule of Tranches were Executed |
The tranches were executed as follows: | Tranche # | | Date | | Principal
Amount | | | Proceeds | | | 1 | | June 28, 2024 | | $ | 666,667 | | | $ | 475,000 | | | 2 | | July 3, 2024 | | | 466,667 | | | | 300,000 | | | 3 | | July 16, 2024 | | | 233,333 | | | | 175,000 | | | 4 | | August 12, 2024 | | | 466,667 | | | | 350,000 | | | 5 | | August 22, 2024 | | | 300,000 | | | | 225,000 | | | | | | | $ | 2,133,334 | | | $ | 1,525,000 | |
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