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Long-Term Debt and Notes Payable (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Long-Term Debt and Notes Payable [Abstract]    
Schedule of Debt Instruments The Company’s debt instruments are as follows:
   March 31,
2024
   December 31,
2023
 
         
Senior Secured Term Loan  $26,793,529   $27,680,703 
Predecessor Revolving Credit Facility   
-
    - 
Seller Promissory Note   15,000,000    15,000,000 
Private loans   3,685,750    3,469,500 
Total   45,479,279    46,150,203 
Less: discount   (1,558,074)   (2,147,346)
Less: current portion including discount   (12,535,494)   (6,516,651)
Long-term debt, net of current portion  $31,385,711   $37,486,206 
The Company’s debt instruments are as follows:
   December 31,
2023
   December 31,
2022
 
   Successor   Predecessor 
Senior Secured Term Loan  $27,680,703   $
-
 
Predecessor Revolving Credit Facility   
-
    26,750,000 
Seller Promissory Note   15,000,000    
-
 
Private loans   3,469,500    
-
 
Total   46,150,203    26,750,000 
Less: discount   (2,147,346)   
-
 
Less: current portion including discount   (6,516,651)   
-
 
Long-term debt, net of current portion  $37,486,206   $26,750,000 
Schedule of Summarizes the Company’s Maturities of Debt Instruments The following summarizes the Company’s maturities of debt instruments:
   Principal 
Twelve Months Ended:     
March 31, 2025  $13,098,952 
March 31, 2027   5,813,434 
March 31, 2028   26,566,893 
March 31, 2029   
 
Total  $45,479,279 
The following summarizes the Company’s maturities of debt instruments:
   Principal 
Fiscal year ended:    
December 31, 2024  $7,627,102 
December 31, 2025   10,558,077 
December 31, 2026   27,965,024 
December 31, 2027   
 
Total  $46,150,203