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Long-Term Debt and Notes Payable (Tables)

12 Months Ended

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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Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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