v3.25.3
Debt (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Schedule of Convertible Notes

The following table presents the 2024 CP BF Convertible Note as of June 30, 2025:

 

      
Face value of the CP BF convertible notes  $8,758,775 
Debt premium, net   9,325 
Carrying value of the CP BF convertible notes   8,768,100 
Accrued interest   1,027,631 
Prepayments made   (1,153,505)
Conversions   (216,284)
Total CP BF convertible notes and accrued interest  $8,425,943 

 

The following table presents the 2024 CP BF Convertible Note as of December 31, 2024:

 

      
Face value of the CP BF convertible notes  $8,758,775 
Debt premium, net   11,066 
Carrying value of the CP BF convertible notes   8,769,841 
Accrued interest   369,459 
Prepayments made   (283,315)
Conversions   (216,284)
Total CP BF convertible notes and accrued interest  $8,639,701 

The following table presents the Related Party and Third Party Convertible Notes, respectively, as of December 31, 2023:

   Related Party   Third Party 
Face value of the convertible notes  $6,783,538   $3,196,206 
Debt discount, net   (131,867)   (83,688)
Carrying value of the convertible notes   6,651,671    3,112,518 
Accrued interest   619,697    233,714 
Conversion of convertible notes   (7,271,368)   (3,346,232)
Total convertible notes and accrued interest  $—   $— 
The following table presents the 2024 CP BF Convertible Note as of December 31, 2024:

 

      
Face value of the CP BF convertible notes  $8,758,775 
Debt premium, net   11,066 
Carrying value of the CP BF convertible notes   8,769,841 
Accrued interest   369,459 
Prepayments made   (283,315)
Conversions   (216,284)
Total CP BF convertible notes and accrued interest  $8,639,701 

  

The following table presents the Old CP BF convertible notes as of December 31, 2024:

 

Face value of the CP BF convertible notes  $1,821,345 
Debt discount, net   (17,370)
Carrying value of the CP BF convertible notes   1,803,975 
Accrued interest   1,240,297 
Carrying value of the CP BF term note extinguished   (3,044,272)
Total CP BF convertible notes and accrued interest  $— 

 

The following table presents the Old CP BF convertible notes as of December 31, 2023:

 

      
Face value of the CP BF convertible notes  $1,821,345 
Debt discount, net   (41,983)
Carrying value of the CP BF convertible notes   1,779,362 
Accrued interest   914,479 
Total CP BF convertible notes and accrued interest  $

2,693,841

 

 

The following table presents the Old CP BF term note as of December 31, 2024:

 

      
Face value of the CP BF term note  $

6,500,000

 
Debt discount, net  (50,961)
Carrying value of the CP BF term note   6,449,039
Accrued interest   853,451 
Carrying value of the CP BF term note extinguished   (7,302,490)
Total CP BF term note and accrued interest  $— 

 

The following table presents the Old CP BF term note as of December 31, 2023:

 

      
Face value of the CP BF term note  $6,500,000 
Debt discount, net   (129,586)
Carrying value of the CP BF term note   6,370,414 
Accrued interest   289,373 
Total CP BF term note and accrued interest  $6,659,787 

 
Agile Term Notes [Member]    
Debt Instrument [Line Items]    
Summary of Notes

The following presents the Agile Notes as of June 30, 2025:

 

   Fair Value 
Balance at December 31, 2024  $3,143,000 
Issuance of Agile term notes   4,000,000 
Loss on restructuring   1,769,895 
Repayments in cash   (3,540,800)
Change in fair value   165,905 
Balance at March 31, 2025   5,538,000 
Issuance of Agile term notes   262,500 
Loss on issuance   110,500 
Repayments in cash   (1,929,885)
Change in fair value   149,885 
Balance at June 30, 2025  $4,131,000 
      
Outstanding principal balance as of June 30, 2025  $2,754,543 
Accrued interest as of June 30, 2025  $681,928 

The following presents the Agile Notes as of December 31, 2024:

 

   Fair Value 
Balance at December 31, 2023  $— 
Issuance of Agile term notes   3,450,000 
Loss on debt issuance   390,000 
Loss on restructuring   1,071,563 
Repayments in cash   (1,857,151)
Change in fair value   88,588 
Balance at December 31, 2024  $3,143,000 
      
Outstanding principal balance as of December 31, 2024  $2,269,695 
Accrued interest as of December 31, 2024  $100,095 
Diagonal Convertible Notes [Member]    
Debt Instrument [Line Items]    
Summary of Notes

The following table presents the 1800 Diagonal Notes as of June 30, 2025:

 

   Fair Value 
Balance at December 31, 2024  $432,000 
Issuance of 1800 Diagonal convertible notes   124,200 
Loss on debt issuance   21,800 
Repayments in cash   (145,286)
Change in fair value   (21,714)
Balance at March 31, 2025   411,000 
Issuance of 1800 Diagonal convertible notes   393,300 
Loss on debt issuance   58,700 
Repayments in cash   (316,719)
Change in fair value   (16,281)
Balance at June 30, 2025  $530,000 
      
Outstanding principal balance as of June 30, 2025  $461,454 
Accrued interest as of June 30, 2025  $97,176 

The following table presents the 1800 Diagonal Notes as of December 31, 2024:

 

   Fair Value 
Balance at December 31, 2023  $— 
Issuance of 1800 Diagonal convertible notes   432,400 
Loss on debt issuance   92,208 
Repayments in cash   (82,432)
Change in fair value   (10,176)
Balance at December 31, 2024  $432,000 
      
Outstanding principal balance as of December 31, 2024  $370,886 
Accrued interest as of December 31, 2024  $15,935 
Private Placement Offering 3 I L P [Member]    
Debt Instrument [Line Items]    
Summary of Notes

The following table presents the Private Placement Convertible Notes as of June 30, 2025:

 

   Fair Value 
Balance at December 31, 2024  $— 
Balance at March 31, 2025   - 
Issuance of Private Placement Convertible Notes   2,200,000 
Loss on debt issuance   476,000 
Balance at June 30, 2025  $2,676,000 
      
Outstanding principal balance as of June 30, 2025  $2,200,000 
Accrued interest as of June 30, 2025  $—