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Notes Payable - Related Parties | 3 Months Ended
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Mar. 31, 2025
Defined Benefit Plan Disclosure [Line Items] |
Notes Payable - Related Parties | 6. Notes Payable Summary of Notes Payable to Unrelated Parties The table below summarizes all notes payable at March 31, 2025 and December 31, 2024, respectively with the exception of related party notes disclosed in Note 7 “Notes Payable - Related Parties.” Schedule of Notes Payable
|  | March 31, 2025 |  |  | December 31, 2024 |
Notes payable – “2022 Unrelated Notes” |  | $ | 807,331 |  |  | $ | 807,331 |
Less unamortized debt issuance costs |  |  | (19,046 | ) |  |  | (25,395 | )
Less current portion |  |  | (788,285 | ) |  |  | (781,936 | )
Long-term portion of notes payable |  | $ | - |  |  | $ | - |
The principal terms of the 2022 Unrelated Notes, which are subordinated notes, as of March 31, 2025 are as follows: Schedule of Subordinated Notes
Issue Date |  | Interest Rate |  | Interest Due |  |  | Principal Due
April 1, 2022 |  | 12% |  |  | Quarterly |  |  | December 31, 2025
Future minimum principal payments of the Notes Payable to Unrelated Parties of $807,331 are due on December 31, 2025. As of March 31, 2025 and December 31, 2024, accrued interest for these notes payable with the exception of the related party notes in Note 7, “Notes Payable - Related Parties,” was $0 for both periods. As of March 31, 2025 and December 31, 2024, unamortized deferred financing costs were reflected within short term liabilities on the condensed consolidated balance sheets, netted with the corresponding 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, 2025 and 2024 was $30,569 and $124,725, respectively.
Related Party [Member] |
Defined Benefit Plan Disclosure [Line Items] |
Notes Payable - Related Parties | 7. Notes Payable - Related Parties Summary of Notes Payable to Related Parties The table below summarizes all notes payable to related parties at March 31, 2025 and December 31, 2024: Schedule of Notes Payable
|  | March 31, 2025 |  |  | December 31, 2024 |
Notes payable – “2022 Related Notes” |  | $ | 532,169 |  |  | $ | 532,169 |
Less unamortized debt issuance costs |  |  | (12,493 | ) |  |  | (16,657 | )
Less current portion |  |  | (519,676 | ) |  |  | (515,512 | )
Long-term portion of notes payable |  | $ | - |  |  | $ | - |
The principal terms of the 2022 Related Notes, which are subordinated notes, as of March 31, 2025 are as follows: Schedule of Subordinated Notes
Issue Date |  | Interest Rate |  | Interest Due |  |  | Principal Due
April 1, 2022 |  | 12% |  |  | Quarterly |  |  | December 31, 2025
Future minimum principal payments of the 2022 Notes to related parties of $532,169 are due on December 31, 2025. As of March 31, 2025 and December 31, 2024, accrued interest for these notes payable – related parties was $0 for both periods. As of March 31, 2025 and December 31, 2024, unamortized deferred financing costs were reflected within short term liabilities on the condensed consolidated balance sheets, netted with the corresponding notes payable balance. With respect to all notes payable – related parties outstanding, interest expense, including the amortization of debt issuance costs, for the three months ended March 31, 2025 and 2024 was $20,129 and $24,805, respectively.

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