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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 18. SUBSEQUENT EVENTS

 

In accordance with FASB ASC 855-10, the Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the condensed consolidated financial statements were available to be issued. Based upon this review, the Company identified the following subsequent event that would have required disclosure in the condensed consolidated financial statements.

 

On April 1, 2026, the Company converted $17,978 of principal amount under the February 10, 2026 debt exchange agreement into 75,000 shares of its Class A Common Stock.

 

On May 6, 2026, the Company converted $285,108 of principal amount under the February 10, 2026 debt exchange agreement into 1,060,000 shares of its Class A Common Stock.

 

On May 11, 2026, the Company converted $12,232 of principal amount under the February 10, 2026 debt exchange agreement into 44,000 shares of its Class A Common Stock. Following this transaction, $3,378,651 in principal remains outstanding under the Loan and Security Agreement dated July 18, 2024.