v3.26.1
DEBT (Tables)
6 Months Ended
Jun. 30, 2026
Debt Conversion [Line Items]  
Summary of sale of the Senior Convertible Notes and Senior Note Warrants to related parties

As of June 30, 2026 and December 31, 2025, the Company's outstanding debt consisted of the following:

 

 

June 30,
2026

 

 

December 31,
2025

 

Current portion of debt:

 

 

 

 

 

 

December 2025 YA Debenture

 

$

15,500,305

 

 

$

25,255,308

 

2026 Brick Lane H&K Investment Note

 

 

14,025,000

 

 

 

 

Lyocon Convertible Notes

 

 

1,250,000

 

 

 

 

2025 Brick Lane Convertible Notes

 

 

 

 

 

191,179

 

2025 Indigo Capital Convertible Notes

 

 

 

 

 

51,059

 

2025 Diagonal Convertible Notes

 

 

 

 

 

285,662

 

Agile Note

 

 

 

 

 

8,140

 

2025 Bomore Convertible Notes

 

 

 

 

 

48,169

 

2025 Torcross Convertible Note

 

 

 

 

 

24,084

 

Liqueous Obligation

 

 

10,545

 

 

 

10,545

 

Current portion of debt

 

$

30,785,850

 

 

$

25,874,146

 

Summary of Maturities of Debt

Maturities of our debt principal as of June 30, 2026 are presented below:

 

 

June 30,
2026

 

Year ended December 31:

 

 

 

2026

 

$

15,476,775

 

2027

 

 

16,250,000

 

Total debt maturities

 

$

31,726,775