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Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consisted of the following at December 31, 2024 and 2023:

   Schedule of Long-term Debt

		2024				2023
Note payable		$	100,000,000			$	35,000,000
Add: Final fee			4,500,000				-
Add: PIK interest (added to principal)			593,288				2,565,660
Less: unamortized debt issuance costs			(1,613,734	)			(480,810	)
Less: unamortized debt discount			(5,752,418	)			(49,439	)
Total long-term debt		$	97,727,136			$	37,035,411

Schedule of Long Term Debt Future Principal Payments

Future principal payments, including the incurred PIK interest and Final Fee, are as follows:

 Schedule of Long Term Debt Future Principal Payments

		Years Ending December 31,
2027		$	30,615,349
2028			52,483,455
2029			21,994,484
Total		$	105,093,288

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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