March 31,
2024

December 31,
2023

Secured Debt Facility

Principal amount

$

42,500,000

$

30,000,000

Unamortized debt discount

(2,283,978

)

(2,411,532

)

Unamortized debt issuance costs

(2,652,330

)

(2,394,168

)

Debt, net

$

37,563,692

$

25,194,300

Convertible Debenture

Principal amount

$

20,000,000

$

20,000,000

Unamortized debt discount

(391,664

)

(414,854

)

Unamortized debt issuance costs

(94,020

)

(99,587

)

Debt, net

$

19,514,316

$

19,485,559

Total Debt, net

$

57,078,008

$

44,679,859

Less current portion

$

21,700,000

$

7,900,000

Non-current debt, net

$

35,378,008

$

36,779,859