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NOTES AND CONVERTIBLE NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2024

Debt Conversion [Line Items]

Summary of sale of the Senior Convertible Notes and Senior Note Warrants to related parties

As of September 30, 2024 and December 31, 2023, the Company's outstanding debt consisted of the following:

​		September 30, 2024				December 31, 2023
Current portion of notes payable:
Junior Notes Issued November 2023		$	3,182,855			$	5,500,000
August 2024 Convertible Notes			673,000				-
Additional August 2024 Convertible Notes			687,315				-
Unamortized debt discount and deferred financing costs			(311,129	)	​		(3,352,008	)
Current portion of notes payable			4,232,041		​		2,147,992
Long-term portion of notes payable:
Senior Convertible Notes Issued June 2023			4,511,880				6,713,241
Total debt		$	8,743,921			$	8,861,233

Junior Notes and Junior Note Warrants

Debt Conversion [Line Items]

Summary of Convertible Notes and Note Warrants Sold to Related Parties

The table below summarizes the outstanding principal amount of the Junior Notes to related parties:

Noteholder	September 30, 2024			​	December 31, 2023
David Seldin(1)	$	—			$	1,100,000
Eunomia, LP(2)		1,100,000		​		1,100,000
CST Global LLC(3)		—				220,000
Total Junior Notes - related parties	$	1,100,000			$	2,420,000

Senior Convertible Notes and Senior Note Warrants [Member]

Debt Conversion [Line Items]

Summary of Convertible Notes and Note Warrants Sold to Related Parties

The table below summarizes the outstanding principal amount of the Senior Convertible Notes to related parties:

Investor	September 30, 2024			​	December 31, 2023
Wilson-Garling 2023 Family Trust(1)	$	5,000,000		​	$	5,000,000
David Seldin(2)		—		​		1,200,000
Eunomia, LP(3)		1,000,000				1,000,000
Curtis N Maas Revocable Trust(4)		100,000				100,000
Total Senior Convertible Notes - related parties	$	6,100,000			$	7,300,000

(1)Thomas J. Wilson, an affiliate of Wilson-Garling 2023 Family Trust, was a member of the Legacy Nuburu board of directors.

(2)David Seldin was a member of the Legacy Nuburu board of directors and at the time of the issuance was the sole manager of Anzu Nuburu LLC, Anzu Nuburu II LLC, Anzu Nuburu III LLC and Anzu Nuburu V LLC (the “Anzu SPVs”), which at that time owned more than 5% of Legacy Nuburu’s capital stock.

(3)Ron Nicol, manager of Eunomia, LP, is the Chairman of the Company’s board of directors.

(4)Curtis Maas, an affiliate of the Curtis N Maas Revocable Trust, was a member of the Legacy Nuburu board of directors.

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