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Notes Payable – Unrelated Parties (Tables) - Nonrelated Party [Member]
 12 Months Ended
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Notes Payable

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

 

   December 31, 2023   December 31, 2022 
2022 Unrelated Notes  $2,364,500   $2,364,500 
2020 Notes   -    980,450 
Total notes payable  $2,364,500   $3,344,950 
Less unamortized debt issuance costs   (155,258)   (300,904)
Less unamortized debt discount   -    (22,045)
Less current portion, net   -    (936,966)
Long-term portion of notes payable  $2,209,242   $2,085,035 

 

Subordinated Notes Payable  Issue Date  Interest Rate  Interest Due   Principal Due
2022 Unrelated Notes  April 1, 2022  12%   Quarterly   March 30, 2025
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 December 31,  Amount 
2025  $2,364,500 
Total  $2,364,500