| Schedule of Notes Payable |
Notes payable consisted of the following: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | November 2024 Debentures - (fair value) | $ | 2,729,000 | | | $ | 163,672 | | | Senior Secured Convertible Term Loan | 16,363,459 | | | 19,284,709 | | | SBA loan | 485,325 | | | 485,300 | | | AmeriState loan | 1,757,571 | | | 1,811,327 | | | Insurance Financing | 297,355 | | | 331,607 | | | Total | 21,632,710 | | | 22,076,615 | | | Less: debt discount, net | (1,895) | | | (26,225) | | | Less: capitalized debt issuance costs, net | (77,341) | | | (321,004) | | | 2023 Term Loan Agreement exit fee provision | 55,813 | | | 115,638 | | | | | | | Total notes payable | $ | 21,609,287 | | | $ | 21,845,024 | | | | | | | November 2024 Debentures (principal amount) | $ | 2,485,000 | | | 100,000 | |
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| Schedule of Long-Term Debt Instruments |
| | | | | | | | | | | | | | | | | | | | | | Three months ended
June 30, | | Six months ended
June 30, | | 2026 | 2025 | | 2026 | | 2025 | | Debt discount amortization | $ | 14,354 | | $ | 10,025 | | | $ | 24,329 | | | $ | 19,920 | | | Amortization of debt issuance costs | 132,183 | | 176,856 | | | 244,023 | | | 350,303 | | | Provision for exit fee | (72,423) | | 24,472 | | | (59,824) | | | 48,624 | | | Capitalized paid-in-kind (PIK) interest | 185,349 | | 171,900 | | | 365,288 | | | 338,782 | |
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