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Long-Term Debt and Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2024
Long-Term Debt and Notes Payable [Abstract] |
Schedule of Debt Instruments | The Company’s debt instruments are as follows:
|  | December 31, 2024 |  |  | December 31, 2023 |
Senior Secured Term Loan |  | $ | 23,696,417 |  |  | $ | 27,680,703 |
Seller Promissory Note |  |  | 15,000,000 |  |  |  | 15,000,000 |
Merchant Cash Advances |  |  | 948,982 |  |  |  | - |
Convertible Notes Payable at fair value |  |  | 891,363 |  |  |  | - |
Private loans |  |  | 3,556,750 |  |  |  | 3,469,500 |
Total |  |  | 44,093,512 |  |  |  | 46,150,203 |
Less: unamortized financing cost |  |  | (834,853 | ) |  |  | (2,147,346 | )
Less: current portion including amortization |  |  | (9,080,910 | ) |  |  | (6,516,651 | )
Long-term debt, net of current portion |  | $ | 34,177,749 |  |  | $ | 37,486,206 |
Schedule of Company’s Maturities of Debt Instruments | The following summarizes the Company’s maturities of all debt instruments described above:
|  | Principal |
Fiscal year ended: |  |  |
December 31, 2025 |  | $ | 9,303,826 |
December 31, 2026 |  |  | 5,072,930 |
December 31, 2027 |  |  | 29,425,393 |
December 31, 2028 |  |  | — |
Total |  | $ | 43,802,149 |

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