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Debt
 9 Months Ended
Sep. 30, 2025
Debt [Abstract]  
Debt

Note 8 Debt

 

As of September 30, 2025, the Company had $7.2 million in long-term debt, with $3.7 million payable within 12 months. A summary of the Company’s long-term debt is as follows in (“000’s”):

 

   September 30,
2025		   December 31,
2024		 
Long-term Debt        
Note payable to BP Peptides, LLC “Brookstone”. The unsecured loan bears interest at 6% per annum, with interest payable quarterly and the amended maturity date is June 30, 2026.  On September 30, 2025 $847,919 of combined principal and interest was converted into 642,364 shares of Series Z non-convertible preferred stock at a conversion price of $1.32 a share.
  $
—
   $817 
Mezzanine term loan to Stream Finance, LLC, collateralized by substantially all of TotalStone’s assets and subordinated to the Bank term notes. Interest is calculated monthly as the Base Rate divided by an Adjustment Factor of 0.75, not to exceed 15% per annum (see further details below), with a maturity date of September 30, 2026.  On March 7, 2025, the Special Preferred Membership Interests were exchanged for loans in an aggregate principal of $1,143,646 and an amendment fee of $695,000 payable on the deferral date of September 30, 2027 which are included in this amount.  At September 30, 2025 and December 31, 2024, $448.0 thousand and $243.0 thousand of accrued interest remains unpaid and is included within this amount, respectively.   3,624    1,558 
Seller’s note with Avelina Masonry, LLC, which required monthly payments of $48.0 thousand. The original maturity date was November 13, 2022 but the loan has not been paid in full and is in default. The loan bears interest at one-month SOFR plus 4.5% plus 3.0% default (11.74% and 12.14% at September 31, 2025 and December 31, 2024, respectively. At September 30, 2025 and December 31, 2024, $262.0 thousand and $165.0 thousand of accrued interest remains unpaid and is included within this amount, respectively.   1,020    932 
Seller’s note with D22L, Inc., which requires quarterly interest payments commencing December 31, 2025 and quarterly principal payments of $100,000 commencing December 31, 2026.  This Subordinated Promissory Note has a maturity date of February 22, 2028 and bears interest of 1.25% plus SOFR (5.45% at September 30, 2025).
   1,257    
—
 
Senior Convertible Note with 3i, LP. issued on July 29, 2025 with a principal amount of $3,272,966 and bears interest at the rate of 7.0% per annum, with a maturity date of July 29, 2026  At September 30, 2025, $26.0 thousand of interest remains unpaid and is included with this amount.  During the quarter ended September 30, 2025, approximately $700.0 thousand of the note was converted to common stock and the conversion rate was amended (see Note 10).
   2,599    
—
 
Term note agreement with Berkshire Bank, due in 48 consecutive monthly payments of $83.0 thousand. The term note was paid in full on March 10, 2025.  The loan was secured by all assets of TotalStone. Interest was charged at the one- month SOFR plus 3.5% (8.19% at December 31, 2024).   
—
    910 
In December 2022, TotalStone sold its facility in Navarre, Ohio to a nonaffiliated third party for a purchase price of $3.2 million and concurrently entered into a leaseback transaction. The transaction is treated as a failed sale in accordance with U.S. GAAP. The Company therefore recorded a financing liability related to the sale-leaseback in the amount of the sale price. The obligation matures in January 2048 and requires monthly payments of principal and interest. With the sale leaseback, TotalStone signed a lease agreement with a 25-year lease term. The initial annual lease payment of $259.0 thousand increases 2% per annum. The imputed interest rate is 8.10%.   3,164    3,174 
Unsecured promissory note with Brookstone plus accrued interest to acquire a minority interest in DPH. Interest accrues at 6% per annum and the maturity date is June 30, 2026.  On September 30, 2025 $1,089,222 of combined principal and interest was converted into 825,168 shares of Series Z non-convertible preferred stock at a conversion price of $1.32 a share.
   
—
    1,053 
    11,664    8,444 
Less: current portion   (3,724)   (1,855)
Less: unamortized premiums, discounts and issuance costs   (711)   (266)
Total Long-term debt  $7,229   $6,323 

Scheduled maturities of long-term as of September 30, 2025, are as follows:

 

2025  $1,023 
2026   6,243 
2027   27 
2028   1,293 
2029   44 
Thereafter   3,034 
Total  $11,664