Not a question of what I believe. They are not yet debt free. They have about $1.3 mil debt left from $50mil almost 2 years ago. Almost all have a convertible date in the future. They are settling the debt early and have been for a bit. For example from the last Q:
Convertible note payable entered into November 20, 2023, with a maturity date of November 20, 2024, one time interest charge assessed upon issuance. Fully paid in June 2024.