| Schedule of Debt [Table Text Block] |
The table below shows the components of Debt, net as of March 31, 2026 and December 31, 2025:
|
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|
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March 31,
2026 |
|
|
December 31,
2025 |
|
Secured Debt Facility |
|
|
|
|
|
|
Principal amount - Term debt |
|
$ |
13,600,000 |
|
|
$ |
14,600,000 |
|
Unamortized debt discount and issuance costs |
|
|
(371,640 |
) |
|
|
(460,006 |
) |
Debt, net |
|
$ |
13,228,360 |
|
|
$ |
14,139,994 |
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|
|
|
|
|
|
|
Unsecured, Subordinated Convertible Debenture |
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|
|
|
|
|
Principal amount |
|
$ |
20,000,000 |
|
|
$ |
20,000,000 |
|
Unamortized debt discount and issuance costs |
|
|
(253,456 |
) |
|
|
(282,236 |
) |
Debt, net |
|
$ |
19,746,544 |
|
|
$ |
19,717,764 |
|
Total Debt, net |
|
$ |
32,974,904 |
|
|
$ |
33,857,758 |
|
Less current portion |
|
$ |
12,000,000 |
|
|
$ |
4,000,000 |
|
Debt non-current portion, net |
|
$ |
20,974,904 |
|
|
$ |
29,857,758 |
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|