v3.26.1
Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of debt
The following is a summary of debt as of June 30, 2026 and December 31, 2025:
June 30,
2026		December 31,
2025
Term loan$1,455,809 $— 
Promissory Notes - August 16, 2024 (1) (3)— 564,446 
Senior Convertible Notes - September 2025 (2)5,959 112,302 
Senior Convertible Notes - November 2025 (2)7,306 281,186 
Senior Convertible Notes - December 2025 (2)5,019 222,691 
Promissory Notes - Fermata Energy II LLC (1) (3)611,645 584,292 
Total outstanding principal balance2,085,738 1,764,917 
Less: unamortized debt issuance costs and discounts(126,647)(35,174)
Total debt, net of unamortized issuance costs and discounts1,959,091 1,729,743 
Less: current portion of long-term debt1,959,091 1,729,743 
Long-term debt, net of current portion$— $— 
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(1) Amount represents related party notes.
(2) Balance amount represents interest only.
(3) Amount includes accrued interest.
Schedule of maturities of debt obligations
As of June 30, 2026, the total future maturities of the principal amounts of the debt obligations are as follows:
2026 (remaining six months)$1,367,300 
2027718,438 
2,085,738 
Schedule of term loan
The following is a summary description of the key terms of the Term Loan:
DebtDebt Origination DateMaturity Principal Amount BorrowedCarrying ValueWeighted Weekly Average Interest RateWeighted Annual Average Interest Rate
Term loan6/12/20265/11/2027$1,500,000 $1,455,809 1.8818 %163.64 %