Notes Payable (Tables)

12 Months Ended

Dec. 31, 2023

Notes Payable [Abstract]

Schedule of Notes Payable

Our notes payable consisted of the following:

	December 31, 2023									December 31, 2022
	Third-party			Related-party			Total			Third-party			Related-party			Total
2022 12% Notes	$	13,167,796		$	332,204		$	13,500,000		$	13,167,796		$	332,204		$	13,500,000
Trees Transaction Notes		—			326,811			326,811			—			1,191,865			1,191,865
Green Tree Acquisition Notes		—			562,000			562,000			774,750			2,725,250			3,500,000
Green Man Acquisition Notes		1,555,000			—			1,555,000			1,500,000			—			1,500,000
Working Capital Note		500,000			—			500,000			—			—			—
Unamortized debt discount		(1,312,427	)		(25,141	)		(1,337,568	)		(1,527,346	)		(361,587	)		(1,888,933	)
Total debt		13,910,369			1,195,874			15,106,243			13,915,200			3,887,732			17,802,932
Less: Current portion		(605,000	)		(487,382	)		(1,092,382	)		(179,827	)		(1,723,517	)		(1,903,344	)
Long-term portion	$	13,305,369		$	708,492		$	14,013,861		$	13,735,373		$	2,164,215		$	15,899,588

Schedule of Aggregate Future Contractual Maturities of Long-Term Debt

As of December 31, 2023, aggregate future contractual maturities of long-term debt (excluding issue discounts) are as follows:

Year ended December 31, 2023	Amount
2024	$	1,092,382
2025		970,571
2026		14,380,858
	$	16,443,811

Schedule of Determining the Debt Discount, the Underlying Assumptions Used in the Black-Scholes Model

For purposes of determining the debt discount, the underlying assumptions used in the Black-Scholes model to determine the fair value of the 12% Warrants as of September 15, 2022, were:

Current stock price	$	0.20
Exercise price	$	0.70
Risk-free interest rate		3.66	%
Expected dividend yield		—
Expected term (in years)		5.0
Expected volatility		107	%

For purposes of determining the debt discount, the underlying assumptions used in the Black-Scholes model to determine the fair value of the amended 12% Warrants as of December 15, 2023 were:

Current stock price	$	0.09
Exercise price	$	0.40
Risk-free interest rate		3.91	%
Expected dividend yield		—
Expected term (in years)		5.8
Expected volatility		109	%

For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 10% Warrants as of December 31, 2020, were:

Current stock price	0.53
Exercise price	0.56
Risk-free interest rate	0.38	%
Expected dividend yield	—
Expected term (in years)	5.0
Expected volatility	115	%

For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 10% Warrants as of February 8, 2021, were:

Current stock price	1.12
Exercise price	0.56
Risk-free interest rate	0.48	%
Expected dividend yield	—
Expected term (in years)	5.0
Expected volatility	118	%

For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 10% Warrants as of April 20, 2021, were:

Current stock price	0.83
Exercise price	0.56
Risk-free interest rate	0.81	%
Expected dividend yield	—
Expected term (in years)	5.0
Expected volatility	115	%

For purposes of determining the debt discount, the underlying assumptions used in the Black-Scholes model to determine the fair value of the amended 10% Warrants as of December 15, 2023 were:

Current stock price	$	0.09
Exercise price	$	0.40
Risk-free interest rate		3.91	%
Expected dividend yield		—
Expected term (in years)		5.8
Expected volatility		109	%