XML 38 R27.htm IDEA: XBRL DOCUMENT v3.23.1
Notes Payable (Tables)
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Notes Payable

The table below summarizes all notes payable at March 31, 2023 and December 31, 2022, respectively with the exception of related party notes disclosed in Note 9 “Notes Payable - Related Parties.”

 

   March 31, 2023   December 31, 2022 
2022 Unrelated Notes  $2,364,500   $2,364,500 
2020 Notes   717,500    980,450 
Total notes payable  $3,082,000   $3,344,950 
Less unamortized debt issuance costs   (258,787)   (300,904)
Less unamortized debt discount   (10,667)   (22,045)
Less current portion, net   (696,459)   (936,966)
Long-term portion of notes payable  $2,116,087   $2,085,035 
Schedule of Future Minimum Principal Payments of Notes Payable

Future minimum principal payments of the Notes Payable to Unrelated Parties are as follows:

 

As of March 31,  Amount 
2024  $717,500 
2025   2,364,500 
Total  $3,082,000