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Notes Payable | 3 Months Ended
--- | ---
Mar. 31, 2024
Nonrelated Party [Member] |
Defined Benefit Plan Disclosure [Line Items] |
Notes Payable | 7. Notes Payable Summary of Notes Payable to Unrelated Parties The table below summarizes all notes payable at March 31, 2024 and December 31, 2023, respectively with the exception of related party notes disclosed in Note 8 “Notes Payable - Related Parties.” Schedule of Notes Payable
|  | March 31, 2024 |  |  | December 31, 2023 |
Notes payable – “2022 Unrelated Notes” |  | $ | 1,864,500 |  |  | $ | 2,364,500 |
Less unamortized debt issuance costs |  |  | (101,468 | ) |  |  | (155,258 | )
Less current portion |  |  | (325,000 | ) |  |  | - |
Long-term portion of notes payable |  | $ | 1,438,032 |  |  | $ | 2,209,242 |
Subordinated Notes Payable |  |  | Issue Date |  | Interest Rate |  |  | Interest Due |  | Principal Due
$ | 325,000 |  |  | April 1, 2022 |  |  | 12 | % |  | Quarterly |  | March 30, 2025
$ | 1,539,500 |  |  | April 1, 2022 |  |  | 12 | % |  | Quarterly |  | December 31, 2025
Future minimum principal payments of the Notes Payable to Unrelated Parties are as follows: Schedule of Future Minimum Principal Payments of Notes payable
As of March 31, |  | Amount |
2025 |  | $ | 325,000 |
2026 |  |  | 1,539,500 |
Total |  | $ | 1,864,500 |
As of March 31, 2024 and December 31, 2023, accrued interest for these notes payable with the exception of the related party notes in Note 8, “Notes Payable - Related Parties,” was $0. As of March 31, 2024 and December 31, 2023, unamortized debt issuance costs were reflected within long term liabilities on the condensed consolidated balance sheets, netted with the notes payable balance. With respect to all notes outstanding (other than the notes to related parties), interest expense, including the amortization of debt issuance costs and debt discount for the three months ended March 31, 2024 and 2023 was $124,725 and $151,605, respectively.

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