v3.24.2.u1
Note 8 - Debt Obligations (Tables)
6 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Debt [Table Text Block]
  

June 30, 2024

  

December 31, 2023

 

GHF Secured Promissory Note - 12% interest, due April 15, 2026

 $4,290,000  $4,290,000 

Alvin Fund LLC Promissory Note - 16% interest, due April 15, 2026

  2,000,000   2,000,000 

Alvin Fund LLC Promissory Note - 12% interest, due April 15, 2026

  2,100,000   2,100,000 

Kips Bay Unsecured Convertible Promissory Note - 8% interest, due March 27, 2025

  1,900,005   3,157,894 

AQMS Note Payable - 9.76% implied interest, due December 31, 2024

  400,000   600,000 

Total debt

  10,690,005   12,147,894 

Less: debt discounts and issuance costs

  (688,307)  (2,297,172)

Total debt, net of discounts

  10,001,698   9,850,722 

Less: current maturities

  (1,611,698)  (4,495,660)

Long-term debt, net of discounts and issuance costs

 $8,390,000  $5,355,062 
Schedule of Debt Conversions [Table Text Block]

Principal converted

 $3,363,152 

Debt discount associated with principal converted

  (1,370,211)

Accrued interest payable converted

  166,707 

Derivative liability converted

  669,919 

Total

  2,829,567 

Fair value of stock issued

  4,301,634 

Loss on conversion of debt

 $(1,472,067)