Quarterly report [Sections 13 or 15(d)]

Notes Payable (Tables)

v3.25.1
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
(As Restated)
Convertible secured debentures $ $ 36,530,320 
New convertible debentures (fair value) 94,691,365 
Convertible senior secured term loan 25,600,000  12,295,000 
Total 120,291,365  48,825,320 
Less: debt discount, net (96,590) (16,593,357)
Less: capitalized debt issuance costs (1,691,878) (661,922)
Senior bridge note exit fee provision 51,820  27,608 
Total notes payable – long-term $ 118,554,717  $ 31,597,649 
New convertible debentures (principal amount) $ 36,530,320  $