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Debt (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Property, Plant and Equipment [Line Items]    
Schedule of Company’s Notes Payable

The following is a summary of the Company’s notes payable – related parties at September 30, 2024 and December 31, 2023:

 

Balance - December 31, 2022  $-  
Advances   5,267,500 
Debt discount/issue costs   (1,608,900)
Amortization of debt discount/issue costs   1,406,015 
Repayments   (262,500)
Balance - December 31, 2023   4,802,115 
Advances   3,630,000 
Debt discount/issue costs - original issue discount   (330,000)
Debt discount/issue costs - stock issuances   (2,020,387)
Amortization of debt discount/issue costs   2,553,272 
Default penalty interest expense   4,317,500 
Conversion of debt - preferred stock   (3,630,000)
Conversion of debt - common stock   (9,322,500)
Balance - September 30, 2024  $- 

The following is a summary of the Company’s notes payable – related parties at December 31, 2023 and 2022:

 

      
Balance - December 31, 2022  $- 
Advances   5,267,500 
Debt discount/issue costs   (1,608,900)
Amortization of debt discount/issue costs   1,406,015 
Repayments   (262,500)
Balance - December 31, 2023  $4,802,115 
Schedule of Detailed Company’s Notes Payable

The following is a detail of the Company’s notes payable – related parties at September 30, 2024 and December 31, 2023:

 

Notes Payable - Related Parties
Note Holder  Issue Date  Maturity Date   Shares Issued with Debt       Interest Rate    Default Interest Rate    Default Conversion Rate   Collateral   September 30, 2024    December 31, 2023 
Note #1  April 19, 2023  July 17, 2024   100,000   A, B   10.00%   18.00%   150.00%  All assets  $-   $1,500,000 
Note #2  September 22, 2023  July 17, 2024   60,000   A, B   10.00%   18.00%   150.00%  All assets   -    600,000 
Note #3  October 13, 2023  July 17, 2024   176,000   A, B   0.00%   18.00%   150.00%  All assets   -    320,000 
Note #4  July 5, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    440,000 
Note #5  August 2, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    440,000 
Note #6  August 23, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    110,000 
Note #7  August 30, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    165,000 
Note #8  September 6, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    220,000 
Note #9  September 13, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    110,000 
Note #10  November 3, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    165,000 
Note #11  November 21, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    220,000 
Note #12  December 4, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    220,000 
Note #13  December 13, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    165,000 
Note #14  December 18, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    110,000 
Note #15  December 20, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    55,000 
Note #16  December 27, 2023  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    165,000 
Note #17  January 5, 2024  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    - 
Note #18  January 16, 2024  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    - 
Note #19  January 25, 2024  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    - 
Note #20  February 7, 2024  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    - 
Note #21  February 20, 2024  August 16, 2024   -       8.00%   18.00%   150.00%  All assets   -    - 
Note #22  February 28, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #23  March 8, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #24  March 15, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #25  March 26, 2024  August 16, 2024   13,889   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #26  April 2, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #27  April 8, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #28  April 22, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #29  May 8, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #30  May 15, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #31  May 20, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #32  May 28, 2024  August 16, 2024   13,889   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #33  June 10, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #34  June 28, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #35  July 5, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #36  July 10, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #37  July 22, 2024  August 16, 2024   20,800   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #38  August 6, 2024  August 16, 2024   53,500   C   8.00%   18.00%   150.00%  All assets   -    - 
Note #39  August 14, 2024  August 16, 2024   53,500   C   8.00%   18.00%   150.00%  All assets   -    - 
                                    -    5,005,000 
                       Less: unamortized debt discount   -    202,885 
                                   $-   $4,802,115 

 

 

EZFILL HOLDINGS, INC. AND SUBSIDIARY

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2024

 

A See discussion below regarding global amendment for Notes #1, #2 and #3.
B See discussion below regarding the limitation on the issuance of this lender due to a 9.99% equity ownership blocker.
CThese shares of common stock (425,978) were issued with the underlying original issue discount notes and treated as additional debt discount.

The following is a detail of the Company’s notes payable – related parties at December 31, 2023 and 2022:

 

Notes Payable - Related Parties
Note Holder  Issue Date  Maturity Date  Shares Issued with Debt   Interest Rate   Default Interest Rate   Collateral 

December 31,

2023

  

December 31,

2022

 
Note #1  April 19, 2023  April 19, 2024         100,000    10.00%   18.00%  All assets  $          1,500,000   $                      - 
Note #2  September 22, 2023  April 19, 2024   60,000 A  10.00%   18.00%  All assets   600,000    - 
Note #3  October 13, 2023  April 19, 2024   104,000 B  0.00%   18.00%  All assets   320,000    - 
Note #4  July 5, 2023  January 5, 2024   -    8.00%   18.00%  All assets   440,000    - 
Note #5  August 2, 2023  February 2, 2024   -    8.00%   18.00%  All assets   440,000    - 
Note #6  August 23, 2023  February 23, 2024   -    8.00%   18.00%  All assets   110,000    - 
Note #7  August 30, 2023  February 29, 2024   -    8.00%   18.00%  All assets   165,000    - 
Note #8  September 6, 2023  January 6, 2024   -    8.00%   18.00%  All assets   220,000    - 
Note #9  September 13, 2023  January 13, 2024   -    8.00%   18.00%  All assets   110,000    - 
Note #10  November 3, 2023  January 3, 2024   -    8.00%   18.00%  All assets   165,000    - 
Note #11  November 21, 2023  January 21, 2024   -    8.00%   18.00%  All assets   220,000    - 
Note #12  December 4, 2023  February 4, 2024   -    8.00%   18.00%  All assets   220,000    - 
Note #13  December 13, 2023  February 13, 2024   -    8.00%   18.00%  All assets   165,000    - 
Note #14  December 18, 2023  February 18, 2024   -    8.00%   18.00%  All assets   110,000    - 
Note #15  December 20, 2023  February 20, 2024   -    8.00%   18.00%  All assets   55,000    - 
Note #16  December 27, 2023  February 27, 2024   -    8.00%   18.00%  All assets   165,000    - 
                            5,005,000    - 
                   Less: unamortized debt discount   202,885    - 
                           $4,802,115   $- 

 

A See discussion below regarding global amendment for Notes #2 and #3.
B See discussion below regarding the limitation on the issuance of this lender due to a 9.99% equity ownership blocker.
Schedule of Loss on Debt Extinguishment

      
Fair value of debt and common stock on extinguishment date*  $1,791,000 
Fair value of debt subject to modification   1,500,000 
Loss on debt extinguishment - related party  $291,000 

 

*The Company valued the issuance of the 60,000 commitment shares at $291,000, based upon the quoted closing trading price on the date of modification ($4.85/share).

 

      
Fair value of debt and common stock on extinguishment date*  $1,791,000 
Fair value of debt subject to modification   1,500,000 
Loss on debt extinguishment - related party  $291,000 

 

*The Company valued the issuance of the 60,000 commitment shares at $291,000, based upon the quoted closing trading price on the date of modification ($4.85/share).
Schedule Of Debt Extinguishment

The fair value of the Series A, preferred stock and related loss on debt extinguishment at the conversion date was based on the as-converted basis, calculated as follows:

 

 

      
Market price per share of common stock - on date of issuance  $2.76 
Discount to market price on date of issuance   80%
Conversion price per share  $2.21 
      
Series A, preferred stock - stated value per share  $10.00 
Conversion price per share  $2.21 
Number of shares of common stock - for each share of Series A, preferred stock held   4.53 
      
Series A, preferred shares issued   363,000 
Number of shares of common stock - for each share of Series A, preferred stock held   4.53 
Equivalent common shares   1,644,022 
      
Market price per share of common stock - on date of issuance  $2.76 
      
As converted valuation of Series A, preferred stock  $4,537,500 
Debt converted in exchange for Series A, preferred stock   3,630,000 
Loss on debt extinguishment - related party  $907,500 
  
Schedule of Maturities of Long Term Debt

The following represents the maturities of the Company’s various debt arrangements as noted above for each of the five (5) succeeding years and thereafter as follows:

 

For the Year Ended December 31,  Notes Payable   Vehicle Notes Payable   Total 
             
2024 (3 Months)  $-   $206,094   $206,094 
2025   165,769    279,162    444,931 
2026   -    55,810    55,810 
2027   -    18,499    18,499 
Total  $165,769   $559,565   $725,334 

 

For the Year Ended December 31, 

Notes

Payable - Related Parties

   Notes Payable   Vehicles   Total 
                 
2024  $4,802,115   $126,440   $819,788   $5,748,343 
2025   -    -    282,212    282,212 
2026   -    -    55,827    55,827 
2027   -    -    15,451    15,451 
Total  $4,802,115   $126,440   $1,173,278   $6,101,833 
Next NRG Holding Corp [Member]    
Property, Plant and Equipment [Line Items]    
Schedule of Company’s Notes Payable

The following is a detail of the Company’s notes payable at September 30, 2024 and December 31, 2023, respectively:

 

Notes Payable
Note Holder  Issue Date  Maturity Date  Interest Rate  Default Interest Rate   Collateral    September 30, 2024   December 31, 2023 
Note #1  January 19, 2024  May 24, 2024      0.00%  Unsecured A  $        3,700,000   $                      - 
Note #2  January 19, 2024  August 19, 2024  Included in repayments   0.00%  All assets B   -    - 
Note #3  January 19, 2024  August 19, 2024  Included in repayments   0.00%  All assets C   -    - 
Note #4  August 16, 2024  February 28, 2025  Included in repayments   0.00%  All assets D   1,433,438      
Note #5  August 16, 2024  February 28, 2025  Included in repayments   0.00%  All assets D   1,498,594      
                       6,632,031    - 
             Less: unamortized debt discount     902,590    - 
                      $5,729,442   $- 

 

A- Represents amount of consideration owed in connection with the purchase of STAT. See Notes 1 and 6.

 

B– The Company executed a note payable (merchant cash advance) with a face amount of $1,491,000 and received net proceeds of $1,000,000. The $491,000 is considered a debt issuance cost and is being amortized over the life of the note to interest expense in the accompanying consolidated statements of operations. Under the terms of the agreement, the lender will be repaid all principal and accrued interest of $53,250 per week over a term of 28 weeks. This merchant cash advances were fully paid as of September 30, 2024.

 

C– The Company executed a note payable (merchant cash advance) with a face amount of $2,236,500 and received net proceeds of $1,500,000. The $736,500 is considered a debt issuance cost and is being amortized over the life of the note to interest expense in the accompanying consolidated statements of operations. Under the terms of the agreement, the lender will be repaid all principal and accrued interest of $79,875 per week over a term of 28 weeks. This merchant cash advances were fully paid as of September 30, 2024.

 

D– The Company executed two (2) note payable (merchant cash advance) each with a face amount of $1,824,375 and received net proceeds of $1,250,000. The $491,000 is considered a debt issuance cost and is being amortized over the life of the note to interest expense in the accompanying consolidated statements of operations. Under the terms of the agreement, the lender will be repaid all principal and accrued interest of $62,500 per week over a term of 28 weeks.

 

 

NEXTNRG HOLDING CORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2024

(UNAUDITED)

 

  
Schedule of Detailed Company’s Notes Payable

The following is a detail of the Company’s notes payable – related party at September 30, 2024 and December 31, 2023, respectively:

 

Notes Payable - Related Party
Note Holder  Issue Date  Maturity Date  Interest Rate   Default Interest Rate   Marketable Securities Received    Fair Value of Securities Received   Collateral   September 30, 2024   December 31, 2023 
Note #1  January 1, 2020  August 31, 2024   10.00%   0.00%    None A   -   Unsecured    -    $8,600 
Note #2  January 3, 2020  August 31, 2024   10.00%   0.00%    None A   -   Unsecured    -     30 
Note #3  March 4, 2020  August 31, 2024   10.00%   0.00%    None A   -   Unsecured    -     20 
Note #4  May 18, 2020  August 31, 2024   10.00%   0.00%    None A   -   Unsecured    -     25 
Note #5  June 24, 2020  August 31, 2024   10.00%   0.00%    None A   -   Unsecured    -     25 
Note #6  August 31, 2020  August 31, 2024   10.00%   0.00%    None A   -   Unsecured    -     100 
Note #7  March 1, 2021  August 31, 2024   10.00%   0.00%    None A   -   Unsecured    -     100 
Note #8  April 19, 2021  August 31, 2024   10.00%   0.00%    None A   -   Unsecured    -     250 
Note #9  September 3, 2021  August 31, 2024   10.00%   0.00%    None A   -   Unsecured    -     500 
Note #10  September 9, 2021  August 31, 2024   10.00%   0.00%    None A   -   Unsecured    -     25,000 
Note #11  May 4, 2023  August 31, 2024   10.00%   0.00%    None A   -   Unsecured    -     15,000 
Note #12  May 30, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    -     100,000 
Note #13  June 7, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    100,000    100,000 
Note #14  June 29, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    10,000    10,000 
Note #15  July 3, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    250,000    250,000 
Note #16  July 5, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    200,000    200,000 
Note #17  July 27, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    100,000    100,000 
Note #18  August 2, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    100,000    100,000 
Note #19  August 8, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    80,000    80,000 
Note #20  August 15, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    200,000    200,000 
Note #21  August 23, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    150,000    150,000 
Note #22  August 30, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    170,000    170,000 
Note #23  September 6, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    250,000    250,000 
Note #24  September 8, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    1,000,000    1,000,000 
Note #25  September 13, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    100,000    100,000 
Note #26  September 22, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    75,000    75,000 
Note #27  October 30, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    10,000    10,000 
Note #28  November 2, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    50,000    50,000 
Note #29  November 3, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    150,000    150,000 
Note #30  November 8, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    250,000    250,000 
Note #31  November 15, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    75,000    75,000 
Note #32  November 21, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    200,000    200,000 
Note #33  December 5, 2023  August 31, 2024   18.00%   0.00%    None B   -   Unsecured    200,000    200,000 
Note #34  February 21, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    45,000    - 
Note #35  February 28, 2024  August 31, 2024   18.00%   0.00%    20,800 C   100,360   Unsecured    300,000    - 
Note #36  March 4, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    50,000    - 
Note #37  March 7, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    100,000    - 
Note #38  March 8, 2024  August 31, 2024   18.00%   0.00%    20,800 C   95,680   Unsecured    185,000    - 
Note #39  March 14, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    150,000    - 
Note #40  March 15, 2024  August 31, 2024   18.00%   0.00%    20,800 C   91,520   Unsecured    150,000    - 
Note #41  March 25, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    150,000    - 
Note #42  March 26, 2024  August 31, 2024   18.00%   0.00%    13,889 C   58,333   Unsecured    100,000    - 
Note #43  March 27, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    135,000    - 
Note #45  April 2, 2024  August 31, 2024   18.00%   0.00%    20,800 C   108,680   Unsecured    150,000    - 
Note #46  April 4, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    135,000    - 
Note #47  April 8, 2024  August 31, 2024   18.00%   0.00%    20,800 C   132,080   Unsecured    150,000    - 
Note #48  April 11, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    145,000    - 
Note #49  April 18, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    150,000    - 
Note #50  April 22, 2024  August 31, 2024   18.00%   0.00%    20,800 C   120,640   Unsecured    175,000    - 
Note #51  April 25, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    115,000    - 
Note #52  May 2, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    200,000    - 
Note #53  May 8, 2024  August 31, 2024   18.00%   0.00%    20,800 C   147,680   Unsecured    300,000    - 
Note #54  May 15, 2024  August 31, 2024   18.00%   0.00%    20,800 C   130,520   Unsecured    300,000    - 
Note #55  May 20, 2024  August 31, 2024   18.00%   0.00%    20,800 C   130,000   Unsecured    175,000    - 
Note #56  May 23, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    175,000    - 
Note #57  May 28, 2024  August 31, 2024   18.00%   0.00%    13,889 C   84,374   Unsecured    300,000    - 
Note #58  June 5, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    180,000    - 
Note #59  June 10, 2024  August 31, 2024   18.00%   0.00%    20,800 C   104,520   Unsecured    280,000    - 
Note #60  June 13, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    50,000    - 
Note #61  June 20, 2024  August 31, 2024   18.00%   0.00%    None     -   Unsecured    283,000    - 
Note #62  June 27, 2024  August 31, 2024   18.00%   0.00%    20,800 C   99,839   Unsecured    150,000    - 
Note #63  July 5, 2024  July 5, 2025   18.00%   0.00%    20,800 C   122,200   Unsecured    300,000      
Note #64  July 10, 2024  July 10, 2025   18.00%   0.00%    20,800 C   96,200   Unsecured    150,000      
Note #65  July 11, 2024  July 11, 2025   18.00%   0.00%    None         Unsecured    175,000      
Note #66  July 18, 2024  July 18, 2025   18.00%   0.00%    20,800 C   97,760   Unsecured    440,000      
Note #67  July 25, 2024  July 25, 2025   18.00%   0.00%    None         Unsecured    185,000      
Note #68  August 1, 2024  August 1, 2025   18.00%   0.00%    53,500 C   150,068   Unsecured    300,000      
Note #69  August 19, 2024  August 19, 2025   18.00%   0.00%    53,500 C   155,150   Unsecured    265,000      
Note #70  August 26, 2024  August 26, 2025   18.00%   0.00%    None         Unsecured    35,000      
Note #71  September 23, 2024  September 23, 2025   18.00%   0.00%    None         Unsecured    150,000      
Note #72  September 26, 2024  September 26, 2025   18.00%   0.00%    None         Unsecured    150,000      
                                           
                     425,978    $2,025,604       $10,648,000   $3,869,650 

 

A– These notes have a stated interest rate of 4-5%. The Company has recorded an additional 5-6% of imputed interest (10% in total) to reflect the market rate for this type of debt.

 

B– Prior to January 1, 2024, these notes had a stated interest rate of 4%-5%. The Company had recorded an additional 5%-6% of imputed interest (10% total) to reflect the market rate for this type of debt. Effective January 1, 2024, these notes were amended to reflect an interest rate of 18%, as a result, the Company no longer imputes interest on these notes. There were no other changes to the terms of these notes.

 

C- These shares have been recorded at fair value on the consolidated balance sheets. These represent shares held in EZFL (marketable securities – related party – see note 3) in connection with advances made to EZFL.
 
Next NRG Holding Corp [Member] | Related Party [Member]    
Property, Plant and Equipment [Line Items]    
Schedule of Company’s Notes Payable

The following represents a summary of the Company’s debt (notes payable – related party and notes payable), key terms and outstanding balances at September 30, 2024 and December 31, 2023, respectively:

 

   Notes Payable         
   Related Party   Notes Payable   Total 
Balance - December 31, 2022  $34,650   $-   $34,650 
Proceeds   3,835,000    -    3,835,000 
Balance - December 31, 2023   3,869,650    -    3,869,650 
Proceeds   6,928,000    11,076,250    18,004,250 
Repayments   (149,650)   (4,444,219)   (4,593,869)
Debt discount   -    (2,113,215)   (2,113,215)
Amortization of debt discount   -    1,210,625    1,210,625 
Balance - September 30, 2024  $10,648,000   $5,729,442   $16,377,442 
  
Non Vehicles [Member]    
Property, Plant and Equipment [Line Items]    
Schedule of Company’s Notes Payable

The following is a summary of the Company’s note payable (non-vehicles) at September 30, 2024 and December 31, 2023, respectively:

 

   Loan #1   Loan #2   Total 
Balance - December 31, 2022  $-   $-   $- 
Face amount of note   275,250    -    275,250 
Debt discount   (25,250)   -    (25,250)
Amortization of debt discount   9,729    -    9,729 
Repayments   (133,289)   -    (133,289)
Balance - December 31, 2023   126,440    -    126,440 
Face amount of note   -    277,500    277,500 
Debt discount   -    (27,500)   (27,500)
Amortization of debt discount   15,521    9,050    24,571 
Repayments   (141,961)   (93,281)   (235,242)
Balance - September 30, 2024  $-   $165,769   $165,769 
  
Schedule of Detailed Company’s Notes Payable

The following is a detail of the Company’s note payable (non-vehicles) at September 30, 2024 and December 31, 2023, respectively:

 

Note Payable
Issue Date  Maturity Date  Date Repaid  Collateral  September 30, 2024   December 31, 2023 
April 16, 2023  December 12, 2024  April 24, 2024  All assets  $-   $141,961 
April 24, 2024  October 21, 2025  N/A  All assets   184,219    - 
         Less: unamortized debt discount   18,450    15,521 
            $165,769   $126,440 

The following is a summary of the Company’s note payable (non-vehicles) at December 31, 2023 and 2022, respectively:

 

      
Balance - December 31, 2022  $- 
Face amount of note   275,250 
Debt discount   (25,250)
Amortization of debt discount   9,729 
Repayments   (133,289)
Balance - December 31, 2023  $126,440 

The following is a detail of the Company’s note payable (non-vehicles) at December 31, 2023 and 2022, respectively:

 

  Notes Payable
  Issue Date  Maturity Date  Interest Rate  Default Interest Rate  Collateral 

December 31,

2023

  

December 31,

2022

 
  April 16, 2023  December 12, 2024  *  N/A  All assets  $141,961   $      - 
                         
* initially 6.5%, however, subject to change at each reporting period.  Less: unamortized debt discount   15,521    - 
                 $126,440   $- 
 
Vehicles [Member]    
Property, Plant and Equipment [Line Items]    
Schedule of Company’s Notes Payable

The following is a summary of the Company’s notes payable for its vehicles at September 30, 2024 and December 31, 2023, respectively:

 

      
Balance - December 31, 2022  $2,009,896 
Repayments   (836,618)
Balance - December 31, 2023  $1,173,278 
Repayments   (613,713)
Balance - September 30, 2024  $559,565 

  
Schedule of Detailed Company’s Notes Payable

The following is a detail of the Company’s notes payable for its vehicles at September 30, 2024 and December 31, 2023, respectively:

 

Notes Payable - Vehicles
Issue Date  Maturity Date  Interest Rate   Default Interest Rate  Collateral  September 30, 2024   December 31, 2023 
January 15, 2021  November 15, 2025   11.00%  N/A  This vehicle  $17,964   $28,370 
April 9, 2019  February 17, 2024   4.90%  N/A  This vehicle   -    1,873 
December 15, 2021  December 18, 2024   3.50%  N/A  This vehicle   9,573    37,823 
December 16, 2021  December 18, 2024   3.50%  N/A  This vehicle   9,371    37,023 
January 11, 2022  January 25, 2025   3.50%  N/A  This vehicle   12,743    40,911 
January 11, 2022  January 25, 2025   3.50%  N/A  This vehicle   12,743    40,911 
January 11, 2022  January 25, 2025   3.50%  N/A  This vehicle   12,743    40,911 
January 11, 2022  January 25, 2025   3.50%  N/A  This vehicle   12,743    40,911 
February 8, 2022  February 10, 2025   3.50%  N/A  This vehicle   15,567    43,046 
February 8, 2022  February 10, 2025   3.50%  N/A  This vehicle   15,567    43,046 
February 8, 2022  February 10, 2025   3.50%  N/A  This vehicle   15,890    43,944 
February 8, 2022  February 10, 2025   3.50%  N/A  This vehicle   15,566    43,045 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   22,235    50,157 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   22,235    50,157 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   23,235    51,157 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   22,547    50,862 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   22,573    50,925 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   22,573    50,925 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   22,573    50,925 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   22,573    50,925 
August 4, 2022  August 18, 2025   4.99%  N/A  This vehicle   11,674    20,837 
August 4, 2022  August 18, 2025   4.99%  N/A  This vehicle   11,675    20,838 
November 1, 2021  November 11, 2025   4.84%  N/A  This vehicle   11,060    17,913 
November 1, 2021  November 11, 2025   0.00%  N/A  This vehicle   11,256    18,572 
November 1, 2021  November 11, 2025   0.00%  N/A  This vehicle   11,306    18,572 
June 1, 2022  May 23, 2026   0.90%  N/A  This vehicle   16,613    24,035 
June 1, 2022  May 23, 2026   0.90%  N/A  This vehicle   16,626    24,032 
April 27, 2022  May 10, 2027   9.05%  N/A  This vehicle   86,289    107,047 
April 27, 2022  May 1, 2026   8.50%  N/A  This vehicle   52,054    73,585 
                  559,565    1,173,278 
           Less: current portion   213,706    819,788 
           Long term portion  $345,859   $353,490 

 

Notes Payable - Vehicles
Issue Date  Maturity Date  Interest Rate   Default Interest Rate  Collateral 

December 31,

2023

  

December 31,

2022

 
January 15, 2021  November 15, 2025   11.00%  N/A  This vehicle  $28,370   $40,976 
April 9, 2019  December 12, 2023   7.44%  N/A  This vehicle   -    8,174 
April 9, 2019  December 12, 2023   7.44%  N/A  This vehicle   -    6,986 
April 9, 2019  February 17, 2024   4.90%  N/A  This vehicle   1,873    10,670 
December 15, 2021  December 18, 2024   3.50%  N/A  This vehicle   37,823    74,357 
December 16, 2021  December 18, 2024   3.50%  N/A  This vehicle   37,023    72,784 
January 11, 2022  January 25, 2025   3.50%  N/A  This vehicle   40,911    83,505 
January 11, 2022  January 25, 2025   3.50%  N/A  This vehicle   40,911    83,505 
January 11, 2022  January 25, 2025   3.50%  N/A  This vehicle   40,911    83,505 
January 11, 2022  January 25, 2025   3.50%  N/A  This vehicle   40,911    83,505 
February 8, 2022  February 10, 2025   3.50%  N/A  This vehicle   43,046    78,585 
February 8, 2022  February 10, 2025   3.50%  N/A  This vehicle   43,046    78,585 
February 8, 2022  February 10, 2025   3.50%  N/A  This vehicle   43,944    80,226 
February 8, 2022  February 10, 2025   3.50%  N/A  This vehicle   43,045    78,585 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   50,157    86,271 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   50,157    86,271 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   51,157    86,270 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   50,862    87,481 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   50,925    87,594 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   50,925    87,594 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   50,925    87,594 
April 5, 2022  April 20, 2025   3.50%  N/A  This vehicle   50,925    87,594 
August 4, 2022  August 18, 2025   4.99%  N/A  This vehicle   20,837    32,536 
August 4, 2022  August 18, 2025   4.99%  N/A  This vehicle   20,838    32,536 
November 1, 2021  November 11, 2025   4.84%  N/A  This vehicle   17,913    26,578 
November 1, 2021  November 11, 2025   0.00%  N/A  This vehicle   18,572    28,261 
November 1, 2021  November 11, 2025   0.00%  N/A  This vehicle   18,572    28,261 
June 1, 2022  May 23, 2026   0.90%  N/A  This vehicle   24,035    33,813 
June 1, 2022  May 23, 2026   0.90%  N/A  This vehicle   24,032    33,813 
April 27, 2022  May 10, 2027   9.05%  N/A  This vehicle   107,047    132,246 
April 27, 2022  May 1, 2026   8.50%  N/A  This vehicle   73,585    101,237 
                  1,173,278    2,009,896 
                         
              Less: current portion   819,788    811,516 
              Long term portion  $353,490   $1,198,380 
Schedule of Notes Payable for Vehicles  

The following is a summary of the Company’s notes payable for its vehicles at December 31, 2023 and 2022, respectively:

 

      
Balance - December 31, 2021  $476,313 
Acquisition of vehicles in exchange for notes payable   2,166,643 
Repayments   (633,060)
Balance - December 31, 2022   2,009,896 
Repayments   (836,618)
Balance - December 31, 2023  $1,173,278