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Notes Payable (Tables)
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Notes Payable
Notes payable consisted of the following:
September 30,
2025
December 31,
2024
November 2024 debentures - fair value (principal amount of $2,150,000 as of September 30, 2025 and December 31, 2024)
$2,711,954 $2,583,832 
Convertible senior secured term loan25,463,285 27,500,383 
SBA loan485,300 - 
Ameristate loan1,891,335 - 
Total30,551,874 30,084,215 
Less: debt discount, net(36,402)(66,478)
Less: capitalized debt issuance costs(676,864)(1,207,509)
Senior bridge note exit fee provision198,719 125,302 
Total notes payable – current$30,037,327 $28,935,530 
Schedule of Long-Term Debt Instruments
Interest expense includes the following relating to the 2023 Term Loan, the December 2023 Incremental Loan, the January 2024 Incremental Loan, 2024 Loans and the May 2024 Incremental Loan (collectively the "convertible senior term loans"):
Three months ended
September 30,
Nine months ended September 30,
2025202420252024
Debt discount amortization$10,156 $10,074 $30,076 $29,942 
Amortization of debt issuance costs180,341 174,318 530,644 486,758 
Provision for bridge note exit fee24,794 24,583 73,418 73,058