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Loans Payable (Tables)

6 Months Ended

Jun. 30, 2024

Text Block [Abstract]

Schedule of Consolidated Notes Payable

The Company’s consolidated loans payable consisted of the following carrying values at:

		Note payable
		June 30, 2024				December 31, 2023
March 2023 Note		$	15,689,588			$	14,858,816
December 2023 Note			6,203,330				6,000,000
Emergency Injury Disaster Loan			150,000				150,000
Vendor note payable			484,009				484,009
AFCO Insurance note payable			158,014				468,751
Pignatelli note			500,000				500,000
37N Note			574,191				804,997
Finance liability (Note 14)			4,157,845				4,112,332
Total Loans payable		$	27,916,977			$	27,378,905
Less: Unamortized deferred lender fee			(52,199	)			(106,488	)
Less: Unamortized deferred discount			(1,926,150	)			(3,955,449	)
Total Loans payable, net		$	25,938,628			$	23,316,968
Less: Current portion of loans payable			(21,670,783	)			(15,413,894	)
Loans payable—long term		$	4,267,845			$	7,903,074

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- Definition

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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