v3.26.3
Schedule of Outstanding Debt (Details) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Debt Disclosure [Abstract]    
Convertible Notes due 2028 $ 99,600,000 $ 235,000,000
Discount, net [1] (4,015,000) (11,387,249) [2]
Debt issuance costs, net [3] (3,329,000) (9,440,843) [4]
Convertible Notes, net $ 92,256,000 $ 214,171,908
[1] Discount as of June 30,2026 consisted of $
[2] Discount as of December 31, 2025 consisted of $7,050,000 of original issue discount and $4,629,230 for the fair value of the embedded derivative less accumulated amortization of $291,981.
[3] Debt issuance costs as of June 30, 2026 consisted of $9.7 million in debt issuance costs, less accumulated amortization of $1.1 million and gain on debt extinguishment of $5.3 million.
[4] Debt issuance costs as of December 31, 2025 consisted of $9,682,916 in debt issuance costs less accumulated amortization of $242,073.