Notes Payable |
9 Months Ended |
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Sep. 30, 2026 | |
| Debt Disclosure [Abstract] | |
| Notes Payable | Note 9 – Notes Payable
Insurance Notes Payable
In 2025, the Company entered into two insurance policy financing arrangements to purchase various insurance policies. The total principal of this arrangement was $311,118 with interest rates of 10.30% and 9.70% and monthly payments of $9,985 and $15,612 due through July 2026. The Company made principal repayments of $125,553 and incurred interest expense of $3,704 during the nine months ended September 30, 2026. The Company made principal repayments of $194,732 and incurred interest expense of $6,262 during the year ended December 31, 2025. As of September 30, 2026, and December 31, 2025, the remaining balance was $818 and $116,386, respectively.
In April, 2026, the Company entered into an insurance policy financing arrangement to purchase insurance policy. The total principal of this arrangement was $89,477 with interest rates of 10.10% and monthly payments of $7,188 due through February 2027. The Company made principal repayments of $54,425 and incurred interest expense of $2,329 during the nine months ended September 30, 2026. As of September 30, 2026, the remaining balance was $35,052.
In September, 2026, the Company entered into an insurance policy financing arrangement to purchase insurance policy. The total principal of this arrangement was $179,752 with interest rates of 8.950% and monthly payments of $14,935 due through February 2027. The Company made principal repayments of $36,350 during the nine months ended September 30, 2026. As of September 30, 2026, the remaining balance was $143,402.
The Company recognized interest expense on notes payable of $6,032 and $8,992 for the nine months ended September 30, 2026, and 2025, respectively. The Company recognized interest expense on notes payable of $1,353 and $1,905 for the three months ended September 30, 2026, and 2025, respectively.
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