Company: DJTWW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001140361-25-040977
Chunk: 190

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 190
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  The effective interest rate of the Notes is 4.80% per annum. The estimated fair value of the Notes as of September 30, 2025 was $1,013,040.6, and is based on unobservable inputs in which there is little or no market data and therefore is classified as a Level 3 fair value measurement.

    Term Loan

    We assumed a loan from our business combination with WorldConnect Technologies, LLC.  As of September 30, 2025, and December 31, 2024, the term loan had a carrying amount of $5,123.6 and $9,616.7, respectively, with $4,689.4 and $4,780.5 of the term loan due within 12 months of September 30, 2025 and December 31, 2024, respectively. For the three months ended September 30, 2025 and 2024, we accreted interest expense of $97.6 and $120.2, respectively, and for the nine months ended September 30, 2025 and 2024, accreted interest expense of $506.8 and $120.2, respectively, related to the term loan.

    The term loan carries an effective interest rate of 7.72% per annum and requires future payments of $5,000.0 in August 2026 and $500.0 in August 2027.

    Future minimum payments of the long-term debt as of September 30, 2025 is as follows:

            Year Ending December 31:

            2025 (remainder of)

            $
          
           - 

            2026

           1,005,000.0 

            2027

           500.0 

            Total future minimum payments

           1,005,500.0 

            Less: unamortized original issue discount and debt issuance costs

           (54,730.9 
          
            )

           950,769.1 

            Less: current

           (4,689.4 
          
            )

            $
          
           946,079.7 

      16

NOTE 10 – LEASES

    During the nine months ended September 30, 2025, the Company did not enter into additional leases with terms longer than 1 year.  We elected not to recognize ROU assets and lease liabilities arising from short-term leases with initial terms of twelve months or