A summary of the Company’s convertible notes for the respective periods presented is as follows: The June 2025 Amended Investor Note
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June 30, 2026 |
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December 31, 2025 |
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June 2025 Amended Investor Note |
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- |
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20,000,000 |
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Convertible debt, gross |
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$ |
- |
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$ |
20,000,000 |
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Less: |
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Debt issuance costs, net of amortization |
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- |
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90,260 |
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Add: |
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Amended debt premium, net of amortization |
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- |
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1,559,935 |
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Convertible debt, net |
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$ |
- |
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$ |
21,469,675 |
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Less: Current portion of long-term debt |
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- |
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- |
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Amended December 2024 convertible note, net - long-term |
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$ |
- |
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$ |
21,469,675 |
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June 30, 2026 |
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December 31, 2025 |
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March 2025 Investor Note |
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$ |
- |
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$ |
46,279,500 |
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Fair value adjustment |
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- |
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928,056 |
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March 2025 investor note - related party |
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$ |
- |
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$ |
47,207,556 |
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