v3.26.1
Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Interest Expense on Convertible Note payable

The Company recognized interest expense on the convertible note payable for the three and six months ended June 30, 2026 and 2025 as follows:

 

   2026   2025   2026   2025 
   For the Three Months Ended   For the Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
                 
Stated interest  $59,113   $108,393   $161,426   $208,996 
Amortized debt discount   6,540    12,975    17,644    25,808 
Amortized debt discount due to warrants   1,828    3,625    4,930    7,211 
Total convertible note interest expense  $67,481   $124,993   $184,000   $242,015 
Schedule of Notes Payable

The Company has notes payable (in addition to the Senior Secured Note and the Convertible Note payable to Kaufman Kapital described above), consisting of the following as of June 30, 2026, and December 31, 2025:

  

   June 30,   December 31, 
   2026   2025 
EnWave Equipment Loan  $1,325,318   $1,500,000 
SBA EIDL Loan   34,500    34,500 
Total notes payable  $1,359,818   $1,534,500 
Less: current maturities   734,614    534,668 
Notes payable, less current maturities  $625,204   $999,832 
Schedule of Maturities of Debt

The schedule of principal maturities of debt as of June 30, 2026 are as follows:

 

Year Ending December 31,  Amount 
2026 (remaining six months)  $359,986 
2027   6,664,493 
2028   200,839 
2029   - 
2030 and thereafter   - 
2031 and thereafter   34,500 
Total debt  $7,259,818 
Less: current portion   3,734,614 
Long-term debt  $3,525,204 
Schedule of Recognized Interest Expense

The Company recognized aggregate interest expense for the three and six months ended June 30, 2026, and 2025 respectively, as follows:

  

   2026   2025   2026   2025 
   For the Three Months Ended   For the Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Interest on convertible note payable, related party  $59,113   $108,393   $161,426   $208,996 
Amortization of debt discounts on related party convertible note   6,540    12,975    17,644    25,808 
Amortization of debt discounts on related party convertible note, warrants   1,828    3,625    4,930    7,211 
Interest on notes payable   29,254    4,964    29,597    9,972 
Interest on note payable, related party   50,500    95,495    71,167    197,577 
Interest on finance lease   37,316    37,377    74,690    74,746 
Interest on credit card   -    661    -    661 
Fair value adjustment related to warrant modification   -    32,099    -    32,099 
Interest on first credit position financing   -    5,523    -    22,389 
Total interest expense  $184,551   $301,112   $359,454   $579,459 
Related Party [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Notes Payable

Notes payable to related parties, consists of the following as of June 30, 2026 and December 31, 2025:

  

   June 30,
2026		   December 31,
2025		 
         
Total Kaufman Convertible Note Payable, related party  $2,900,000   $3,400,000 
Less: discounts   16,735    39,309 
Convertible note payable, related party, net of discounts   2,883,265    3,360,691 
Less: current maturities   -    3,360,691 
Convertible note payable, related party, net of discounts less current maturities  $2,883,265   $- 
           
Total Kaufman Senior Secured Promissory Note, related party   3,000,000    - 
Less: current maturities   3,000,000    - 
Note payable, related party, less current maturities  $-   $-