Subsequent Events |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE 21 – SUBSEQUENT EVENTS
On April 1, 2026, the Company and the CEO, Jaret Christopher, executed an employment agreement, whereby, the equity structure and separation terms were agreed to with the CEO. The accompanying financials do not reflect the impact of the new employment agreement. In conjunction with the CEO’s employment agreement, the Company also reached a compensation agreement with a board member of the Company. The compensation agreement will pay the board member $ monthly during their term and provide an equity grant.
On April 21, 2026, the Company received a Notice of Default, Reservation of Rights and Notice of Termination in relation to the Notes and related documents. The Notice constitutes a notice of default under Section 2.1(c) of each of the Notes. The Notice advises, and the Notes provide, that upon the occurrence of an event of default, the holders of the Notes may exercise a variety of remedies afforded to them under the Notes or by applicable law or equity, including without limitation, acceleration of the due date of the unpaid principal balance of the Notes and all accrued but unpaid interest thereon. Further, according to the Notes, the holders of the Notes may, during an event of default and in accordance with applicable law, foreclose on the Company’s assets and its security interest in the Company’s property and exercise any other remedies provided therein. At this time, the holders of the Notes have not: (i) accelerated or demanded any payment of principal; (ii) foreclosed on all or any part of any lien or security interest created by any of the Note documents; and (iii) exercised any other right or remedy that may be available to them. The Company has no assurance that the holders of the Notes will not seek to enforce their rights in the future. |