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Subsequent Events | 6 Months Ended
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Jun. 30, 2025
Subsequent Events [Abstract] |
Subsequent Events | Note 13 - Subsequent Events Subsequent to the period ended June 30, 2025, the Company issued 651,337 shares of its common stock to five consultants as compensation for services rendered. On July 1, 2025, in relation to the “Alcourt Note,” the Company issued 180,000 shares of its common stock to extend the note’s maturity date to September 30, 2025. On July 11, 2025, NextNRG entered into a Stock Purchase Agreement (SPA) with a lender, whereby the company issued 1,081,395 restricted shares of common stock at $2.15 per share. This issuance fully extinguished a $2,325,000 liability the company owed to the lender under a prior agreement dated March 24, 2025 On July 15, 2025, the company entered into a $2,000,000 Promissory Note, intended for working capital. The note carries an 18% fixed annual interest rate and a 5% original issue discount, with a maturity date of March 11, 2026. NextNRG elected to satisfy the $360,000 interest by issuing 197,802 restricted shares of common stock, at approximately $1.82 per share, as well as 126,373 shares of common stock as commitment shares. On August 4, 2025, the Company entered into Equipment Lease Schedule No. 002 under its Master Lease Agreement with Equify Financial, LLC to lease fuel trucks and related equipment totaling $1,164,600. The 36-month lease requires one initial payment of $35,685 and 35 monthly payments of $35,685 commencing September 20, 2025, and includes a Terminal Rental Adjustment Clause with an end-of-term purchase option of $232,920. Lease proceeds were disbursed as $820,600 to the Company, $234,000 to AlCourt LLC, and $110,000 for tax, title, and license. On August 8th the Company entered into an agreement with Michael Weisz and his company Buckingham Consultants LLC whereby Mr. Weisz will serve as a member of the Company’s advisory board. Under the Agreement Mr. Weisz will receive 1,250,000 shares of the Company’s common stock subject to time-based vesting requirements, and upon the sooner of 90 days from the execution of the agreement or the Company completing a $25 Million capital raise Mr Weisz will begin receiving a $10,000 per month fee. Additionally, Mr. Weisz will be entitled to certain bonuses under the Agreement.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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