Debt - Interest Expense (Details) - USD ($) |
12 Months Ended | |
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Dec. 31, 2023 |
Dec. 31, 2022 |
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Debt Disclosure [Abstract] | ||
Related party interest expense – stated rate | $ 202,254 | $ 169,640 |
Insurance premium loan payable – stated rate | 6,485 | 5,896 |
Legal judgment interest expense | 234,750 | 0 |
Bond premium | 59,929 | 0 |
Premium on irrevocable letter of credit | 69,861 | 0 |
Other interest expense | 3,100 | 0 |
Amortization of debt discount | 320,828 | 488,238 |
Amortization of transaction costs | 9,063 | 1,359 |
Interest expense | $ 906,270 | $ 665,133 |
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- Definition Bond Premium No definition available.
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- Definition Insurance Premium Expense No definition available.
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- Definition Interest Expense, Related Party, Stated Rate No definition available.
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- Definition Legal Fees, Interest Expense No definition available.
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- Definition Premium on Irrevocable Letter of Credit No definition available.
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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of amortization expense attributable to debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as other. No definition available.
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