Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

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Notes Payable (Tables)
3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Notes Payable
Notes payable consisted of the following:
March 31,
2024
December 31,
2023
Convertible secured debentures $ 36,530,320  $ 36,530,320 
Convertible senior secured term loan 25,600,000  12,295,000 
Total 62,130,320  48,825,320 
Less: debt discount, net (15,443,684) (16,593,357)
Less: capitalized debt issuance costs (1,788,468) (661,922)
Senior bridge note exit fee provision 51,820  27,608 
Total notes payable – long-term $ 44,949,988  $ 31,597,649