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Schedule of Future Amortization of Loans Payable (Details)
Dec. 31, 2024
USD ($)
2025 $ 70,389
2026 15,484
2027 12,093
2028 7,977
Thereafter 11,127
Total Note Payments 117,070
Current Portion of Loan Payable (70,308)
Non-Current Portion of Loan Payable 46,762
Mercedes Benz [Member]  
2025 8,686 [1]
2026 [1]
2027 [1]
2028 [1]
Thereafter [1]
Total Note Payments 8,686 [1]
Current Portion of Loan Payable (8,686) [1]
Non-Current Portion of Loan Payable [1]
Navitas 2021 BLU3 [Member]  
2025 18,145 [2]
2026 4,769 [2]
2027 [2]
2028 [2]
Thereafter [2]
Total Note Payments 22,914 [2]
Current Portion of Loan Payable (18,145) [2]
Non-Current Portion of Loan Payable 4,769 [2]
NFS SSI [Member]  
2025 12,329 [3]
2026 [3]
2027 [3]
2028 [3]
Thereafter [3]
Total Note Payments 12,329 [3]
Current Portion of Loan Payable (12,329) [3]
Non-Current Portion of Loan Payable [3]
Navitas 2022 BLU3 [Member]  
2025 21,735 [4]
2026 [4]
2027 [4]
2028 [4]
Thereafter [4]
Total Note Payments 21,735 [4]
Current Portion of Loan Payable (21,735) [4]
Non-Current Portion of Loan Payable [4]
Navitas 2024 BLU3 One [Member]  
2025 5,604 [5]
2026 6,304 [5]
2027 7,091 [5]
2028 7,977 [5]
Thereafter 708 [5]
Total Note Payments 27,685 [5]
Current Portion of Loan Payable (5,604) [5]
Non-Current Portion of Loan Payable 22,081 [5]
Navitas 2024 BLU3 Two [Member]  
2025 3,890 [6]
2026 4,411 [6]
2027 5,002 [6]
2028 [6]
Thereafter 10,419 [6]
Total Note Payments 23,722 [6]
Current Portion of Loan Payable (3,809) [6]
Non-Current Portion of Loan Payable $ 19,912 [6]
[1] On August 21, 2020, the Company executed an instalment sales contract with Mercedes Benz Coconut Creek for the purchase of a 2019 Mercedes Benz Sprinter delivery van. The instalment agreement is for $55,841 with a zero interest rate payable over 60 months with a monthly payment of $931 and is personally guaranteed by Robert Carmichael. The loan balance as of December 31, 2024 was $8,686 and $19,855 as of December 31, 2023.
[2] On May 19, 2021, subsidiary BLU3, executed an equipment finance agreement to finance the purchase of certain plastic molding equipment through Navitas Credit Corp. (“Navitas”). The amount financed is $75,764 payable over 60 equal monthly instalments of $1,611 (the “Navitas 1”). The equipment finance agreement contains customary events of default. The loan balance as of December 31, 2024 was $24,362 and $38,841 as of December 31, 2023.
[3] On June 29, 2022, SSI executed an equipment financing agreement with NFS Leasing (“NFS Leasing”) to secure replacement production molds. The total purchase price of the molds was $84,500 of which $63,375 was financed by NFS Leasing on August 15, 2022. The financing agreement has a 33 month term beginning in August 2022 with a monthly payment of $2,571. The financing agreement contains customary events of default, is guaranteed by the Company and NFS Leasing has a lien on all of the assets of SSI. The loan balance as of December 31, 2024 and December 31, 2023 was $12,329 and $38,607, respectively.
[4] On December 12, 2022, BLU3 executed an equipment finance agreement to finance the purchase of certain plastic molding equipment through Navitas Credit Corp. (“Navitas”). The amount financed is $63,689 payable over 36 equal monthly installments of $2,083 (“Navitas 2”). The equipment finance agreement contains customary events of default. The loan balance as of December 31, 2024 was $21,735 and $44,839 as of December 31, 2023.
[5] On February 12, 2024, BLU3 executed an inventory finance agreement to finance the purchase of certain equipment stock through Navitas. The amount financed is $32,274 payable over 60 equal monthly installments of $715. The inventory finance agreement contains customary events of default. The loan balance as of December 31, 2024 was $27,685.
[6] On September 4, 2024, BLU3 executed an inventory finance agreement to finance the purchase of certain equipment stock through Navitas. The amount financed is $24,620 payable over 60 equal monthly installments of $602. The inventory finance agreement contains customary events of default. The loan balance as of September 30, 2024 was $23,722.