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Notes Payable - Related Parties
 6 Months Ended
Jun. 30, 2025
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 entire outstanding balance of the Notes Payable to Related Parties was prepaid in full on June 18, 2025. The tables below summarize all notes payable to related parties at June 30, 2025 and December 31, 2024:

 

Schedule of Notes Payable

    June 30, 2025     December 31, 2024  
Notes payable – “2022 Related Notes”   $ -     $ 532,169  
Less unamortized debt issuance costs     -       (16,657 )
Less current portion     -       (515,512 )
Long-term portion of notes payable   $ -     $ -  

 

As of both June 30, 2025 and December 31, 2024, accrued interest for these notes payable – related parties was $0. As of December 31, 2024, unamortized deferred financing costs and unamortized debt discount 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 and six months ended June 30, 2025 and 2024 was $26,096 and $46,225, and $22,656 and $47,461, respectively.