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Notes Payable to Related Parties | 6 Months Ended
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Jun. 30, 2025
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 $5,000 as of June 30, 2025 that was included as a component of accrued expenses on the Company’s condensed consolidated balance sheets. The Company incurred interest expense on these loans of $15,000 and $31,000 for the three and six months ended June 30, 2025, respectively. 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 |  |  |  | 2/1/2026 |  |  |  | Current |  |  |  | 10 | % |  |  | 50,000 |
Ajesh Kapoor |  |  | 5/5/2023 |  |  |  | 2/1/2026 |  |  |  | Current |  |  |  | 10 | % |  |  | 50,000 |
Ajesh Kapoor |  |  | 5/17/2023 |  |  |  | 2/1/2026 |  |  |  | Current |  |  |  | 10 | % |  |  | 165,000 |
Balance as of June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 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 |
As of December 31, 2024, the loans described above that were issued between April 17, 2023 and May 17, 2023 were in default. Subsequent to December 31, 2024, the Company entered into waivers and amendments with each of the note holders who are parties to those loans to extend the maturity dates of the loans to February 1, 2026. On February 18, 2025, the Company issued a promissory note to each of Stingray Group and Regalia Ventures in the amount of $286,000 and $472,000, respectively. A discussion of these transactions and the terms of the promissory notes is set forth herein in Note 11 – Securities Transactions. On May 2, 2025, the Company and SemiCab Holdings acquired 99.99% of the equity shares of SMCB from SemiCab, Inc. pursuant to which, in part, the Company issued a promissory note to SemiCab, Inc. in the principal amount of $1,750,000. A discussion of this transaction and the terms of the promissory note is set forth herein in Note 17 – Acquisition of SMCB.

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