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Loans Payable (Tables) | 3 Months Ended
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Mar. 31, 2024
Schedule of Consolidated Notes Payable | The Company’s consolidated notes payable consisted of the following carrying values at:
|  | Loans Payable |
|  | March 31, 2024 |  |  | December 31, 2023 |
March 2023 Note |  | $ | 15,270,792 |  |  | $ | 14,858,816 |
December 2023 Note |  |  | 6,037,747 |  |  |  | 6,000,000 |
Emergency Injury Disaster Loan |  |  | 150,000 |  |  |  | 150,000 |
Vendor note payable |  |  | 484,009 |  |  |  | 484,009 |
AFCO Insurance note payable |  |  | 314,621 |  |  |  | 468,751 |
Pignatelli note |  |  | 500,000 |  |  |  | 500,000 |
37N Note |  |  | 804,997 |  |  |  | 804,997 |
Finance Liability (NOTE 15) |  |  | 4,179,270 |  |  |  | 4,112,332 |
Total Loans payable |  |  | 27,741,436 |  |  |  | 27,378,905 |
Less: Unamortized deferred lender fee |  |  | (79,343 | ) |  |  | (106,488 | )
Less: Unamortized deferred discount |  |  | (2,940,799 | ) |  |  | (3,955,449 | )
Total Loans payable, net |  |  | 24,721,294 |  |  |  | 23,316,968 |
Less: Current portion of loans payable |  |  | (16,306,076 | ) |  |  | (15,413,894 | )
Loans payable—long term |  | $ | 8,415,218 |  |  | $ | 7,903,074 |
Pignatelli On March 6, 2023, Odyssey issued a new Unsecured Convertible Promissory Note in the principal amount of $500,000 to Mr. Pignatelli that bears interest at the rate of 10.0% per annum convertible into common stock of Odyssey at a conversion price of $3.78 per share. On July 15, 2021, this debt was transferred from a previous creditor, MINOSA, to Mr. Pignatelli in the principal amount of $404,634 and convertible at a conversion price of $4.35 per share, pursuant to which the outstanding aggregate obligation with accrued interest was $630,231.

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