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Debt (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of debt
The following is a summary of debt as of June 30, 2025 and December 31, 2024:
June 30,
2025
December 31,
2024
Term loan$1,266,474 $1,445,345 
Promissory Notes - August 16, 2024 (3)901,558 884,676 
Promissory Notes - August 27, 2024 (1)— 516,818 
Promissory Notes - February 2025 (3)276,293 — 
Senior Convertible Notes - October 2024 (2)152,909 2,475,162 
Senior Convertible Notes - December 202498,571 250,000 
Senior Convertible Notes - May 2025 (2)2,135,181 — 
Promissory Notes - Fermata Energy II LLC444,880 — 
Total outstanding principal balance5,275,867 5,572,001 
Less: unamortized debt issuance costs and discounts(55,903)(84,170)
Total debt5,219,964 5,487,831 
Less: current portion of long-term debt3,758,877 4,647,331 
Long-term debt, net of current portion$1,461,087 $840,500 
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(1) Principal balance and interest of was fully repaid as of March 31, 2025.
(2) Amount represents the fair value of the convertible notes.
(3) Amount include accrued interest.
Schedule of Maturities of Debt Obligations
As of June 30, 2025, the total future maturities of the principal amounts of the debt obligations are as follows:
2025 (remaining six months)$2,868,549 
20261,244,915 
20271,106,500 
5,219,964 
Schedule of term loan
The following is a summary description of the key terms of the Term Loan:
DebtDebt Origination DateMaturity Principal Amount BorrowedCarrying ValueWeighted Weekly Average Interest RateWeighted Annual Average Interest Rate
Term loan8/9/20243/6/2025$1,000,000 $— 2.96 %153.90 %
Term loan11/27/20246/27/2025$1,000,000 $— 2.96 %153.90 %
Term loan3/31/20253/31/2026$1,750,000 $1,266,474 2.16 %112.60 %