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Secured Revolving Line of Credit | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Secured Revolving Line of Credit | 7. Secured Revolving Line of Credit The outstanding line of credit consists of the following at December 31, 2024 and 2023: Schedule of Line of Credit
|  | December 31, 2024 |  |  | December 31, 2023 |
|  | Successor |
|  | December 31, 2024 |  |  | December 31, 2023 |
Line of credit |  | $ | 3,805,080 |  |  | $ | 6,737,385 |
In November 2020, CardCash entered into an amended and restated promissory note for a revolving line of credit with availability of up to $10,000,000. The revolving line of credit is payable on demand, secured by the Company’s inventory, with interest based on the Wall Street Journal Prime Rate plus 3.00%, limited to a floor of 6.5%. At December 31, 2024 and December 31, 2023, the average interest rate was 12% and 12%, respectively. As of December 31, 2024, the Company was in compliance with customary debt covenants. At December 31, 2024 and 2023, this line of credit requires a deposit of $1,258,826, included in restricted cash.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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