Quarterly report [Sections 13 or 15(d)]

Short-Term Notes Payable (Tables)

v3.25.2
Short-Term Notes Payable (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Summary of Short-Term Notes Payable

Short-term notes payable consisted of the following:

 

    June 30,   December 31,
    2025   2024
Insurance premium financing of $636,972 and $611,109 due in monthly installments of $67,277 and $54,366 which includes principal and annual interest at 9.55% through May 24, 2025, and May 24, 2024, respectively   $        $ 328,528  
$3.0 million non-interest-bearing promissory note due July 14, 2025     3,000,000           
Short term notes payable net of discount   $ 3,000,000     $ 328,528