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Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
Debt as of December 31, 2024 and 2023 consists of the following:
 December 31,
 20242023
   
13.75% Senior Notes due 2026, net
$5,508,000 $— 
12.0% Senior Notes due 2024, net
—  18,426,247 
Equipment financing5,663,420 6,817,283 
Balance at end of period$11,171,420 $25,243,530 
The balance of the 2024 Notes as of December 31, 2024 and December 31, 2023 is as follows:
 December 31,
2024
December 31,
2023
   
13.75% Senior Notes due 2026
$5,950,000 $— 
Warrants(256,909)— 
Issuance costs(185,091)— 
2024 Notes, net$5,508,000 $— 
Schedule of 2022 Notes, Net The balance of the 2022 Notes as of December 31, 2024 and 2023 is as follows:
 December 31,
2024
December 31,
2023
   
12.0% Senior Unsecured Notes
$— $19,950,000 
Warrants— (653,123)
Issuance costs— (870,630)
2022 Notes, net$— $18,426,247 
Schedule of Percentages of the Principal Amount
Period:
Percentage
 
December 30, 2022 to December 29, 2023102.00 %
December 30, 2023 to September 29, 2024101.00 %
September 30, 2024 to December 29, 2024100.00 %
Schedule of Future Contractual Payment Obligations
Future contractual payment obligations under the Financing as of December 31, 2024 are as follows:
For the Year
Ending
December 31,
Total
20251,223,293 
20261,296,900 
20271,119,021 
 3,639,214 
2028 purchase price2,024,206 
Total$5,663,420