Notes Payable (Tables)

6 Months Ended

Jun. 30, 2024

Our notes payable consisted of the following:

	June 30, 2024									December 31, 2023
	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
Green Tree Acquisition Notes		—			468,333			468,333			—			562,000			562,000
Green Man Acquisition Notes		1,270,000			—			1,270,000			1,555,000			—			1,555,000
Working Capital Notes		1,000,000			—			1,000,000			500,000			—			500,000
Unamortized debt discount		(1,023,010	)		(19,923	)		(1,042,933	)		(1,312,427	)		(25,141	)		(1,337,568	)
Total debt		14,414,786			780,614			15,195,400			13,910,369			1,195,874			15,106,243
Less: Current portion		(96,363	)		(61,400	)		(157,763	)		(605,000	)		(487,382	)		(1,092,382	)
Long-term portion	$	14,318,423		$	719,214		$	15,037,637		$	13,305,369		$	708,492		$	14,013,861

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

TREES Corp (Colorado) 10-Q