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Notes Payable to Related Parties | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Notes Payable to Related Parties | Note 6 – Notes Payable to Related Parties SemiCab Holdings assumed several unsecured loans from Ajesh Kapoor and Vivek Sehgal in the acquisition of SemiCab, Inc.’s business. The Company had accrued interest payable of $6,000 as of December 31, 2024 that was included as a component of accrued expenses on the Company’s consolidated balance sheets. The Company incurred interest expense on these loans of $36,000 for the year ended December 31, 2024. The terms of each loan are summarized in the table below: Schedule of Notes Payable to Related Parties Loan
|  | Issue |  | Maturity |  |  |  | Interest |  |  |  |
Note Holder |  | Date |  | Date |  | Status |  | Rate |  |  | Principal |
Ajesh Kapoor |  | 7/10/2021 |  | 7/10/2026 |  | Current |  |  | 9 | % |  | $ | 150,000 |
Ajesh Kapoor |  | 8/27/2021 |  | 8/26/2026 |  | Current |  |  | 9 | % |  |  | 235,000 |
Vivek Sehgal |  | 4/17/2023 |  | 10/13/2023 |  | Default |  |  | 10 | % |  |  | 50,000 |
Ajesh Kapoor |  | 5/5/2023 |  | 5/4/2024 |  | Default |  |  | 10 | % |  |  | 50,000 |
Ajesh Kapoor |  | 5/17/2023 |  | 5/16/2024 |  | Default |  |  | 10 | % |  |  | 165,000 |
Balance as of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  | $ | 650,000 |
Balance |  |  |  |  |  |  |  |  |  |  |  | $ | 650,000 |
Less: current portion of notes payable to related parties |  |  |  |  |  |  |  |  |  |  |  |  | 265,000 |
Notes payable to related parties, net of current portion |  |  |  |  |  |  |  |  |  |  |  | $ | 385,000 |
Subsequent to December 31, 2024, the Company entered into waivers and amendments with each of the note holders who are parties to the loans described above that were in default at December 31, 2024 pursuant to which the maturity dates of the loans were extended to February 1, 2026. As a result of the execution of the waivers and amendments, the Company cured the defaults that had existed at December 31, 2024 due to non-payment on the original maturity dates of the notes. ALGORHYTHM HOLDINGS, INC AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024 and 2023

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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