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Notes Payable - Related Parties
 9 Months Ended
Sep. 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 September 30, 2025 and December 31, 2024:

 

   September 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 September 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 notes payable – related parties outstanding, interest expense, including the amortization of debt issuance costs, for the three and nine months ended September 30, 2025 and 2024 was $0 and $74,425, and $28,526 and $75,987, respectively.