v3.26.1
Unsecured Promissory Note (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Outstanding Balances

As of June 30, 2026 and December 31, 2025, the outstanding balances relating to the 2024 Note were as follows:

 

   June 30,   December 31, 
   2026   2025 
2024 Note:          
Principal  $-   $805,000 
Monitoring fee on pro rata portion of exchanges   -    671,792 
Unamortized discounts/deferred financing   -    (83,922)
Total outstanding debt  $-   $1,392,870 
           
Accrued Interest  $-   $474,598 
 

As of June 30, 2026 and December 31, 2025 the outstanding balances relating to the 2025 Note were as follows:

 

   June 30,   December 31, 
   2026   2025 
2025 Note:          
Principal   5,250,000    6,570,000 
Monitoring fee on pro rata portion of exchanges   96,475    - 
Unamortized discounts/deferred financing   (279,182)   (515,401)
Total  $5,067,293   $6,054,599 
           
Accrued Interest  $388,702   $89,285 
 
Schedule of Interest Expense (Income)

The following table provides a breakdown of interest expense (income) for the periods presented:

 

   2026   2025   2026   2025 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2026   2025   2026   2025 
Interest expense - promissory notes  $236,375   $213,711   $584,690   $423,382 
Interest expense - loss on debt extinguishment   152,119    -    488,900    - 
Interest expense - other   -    16,250    803    16,295 
Interest income   (249,981)   (93,031)   (407,613)   (205,963)
Total   $138,513   $136,930   $666,780   $233,714