| Schedule of Debt Instruments |
The Company’s debt instruments are as follows:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| Senior Secured Term Loan | |
$ | - | | |
$ | 23,696,417 | |
| Seller Promissory Note | |
| - | | |
| 15,000,000 | |
| Merchant Cash Advances | |
| 2,023,177 | | |
| 948,982 | |
| Convertible Notes Payable | |
| 1,065,000 | | |
| - | |
| Convertible Notes Payable, related parties | |
| 1,250,000 | | |
| - | |
| Convertible Notes Payable at fair value | |
| - | | |
| 891,364 | |
| Private loans | |
| 200,000 | | |
| 3,556,750 | |
| Total | |
| 4,538,177 | | |
| 44,093,513 | |
| Less: unamortized financing cost | |
| (659,354 | ) | |
| (834,854 | ) |
| Less: current portion including amortization | |
| (1,617,337 | ) | |
| (9,080,910 | ) |
| Long-term debt, net of current portion | |
$ | 2,261,486 | | |
$ | 34,177,749 | |
|
| Schedule of Company’s Maturities of Debt Instruments |
The following summarizes the Company’s maturities
of all debt instruments described above:
| | |
Principal | |
| Fiscal year ended: | |
| |
| December 31, 2026 | |
$ | 2,123,177 | |
| December 31, 2027 | |
| 600,000 | |
| December 31, 2028 | |
| 1,815,000 | |
| December 31, 2029 | |
| — | |
| Total | |
$ | 4,538,177 | |
|