Quarterly report pursuant to Section 13 or 15(d)

SCHEDULE OF DEBT (Details)

v3.23.1
SCHEDULE OF DEBT (Details)
 3 Months Ended
Mar. 31, 2023
USD ($)
Short-Term Debt [Line Items]  
Debt, beginning balance $ 7,502,400
Increase in borrowing 691,300
Principal reductions (37,800)
Amortization of debt discount
Debt, ending balance 8,155,900
Short Term Notes [Member]  
Short-Term Debt [Line Items]  
Debt, beginning balance 3,517,000
Increase in borrowing 691,300
Principal reductions [1]
Amortization of debt discount
Debt, ending balance 4,208,300
Convertible Notes, Unsecured [Member]  
Short-Term Debt [Line Items]  
Debt, beginning balance 1,605,000
Increase in borrowing
Principal reductions
Amortization of debt discount
Debt, ending balance 1,605,000 [2]
Current Portion Of Long Term Debt [Member]  
Short-Term Debt [Line Items]  
Debt, beginning balance 531,300
Increase in borrowing
Principal reductions (27,000)
Amortization of debt discount
Debt, ending balance 504,300
Long Term Debts [Member]  
Short-Term Debt [Line Items]  
Debt, beginning balance 1,849,100
Increase in borrowing [3]
Principal reductions (10,800)
Amortization of debt discount
Debt, ending balance $ 1,838,300
[1] A) Secured note payable of $350,000, secured by certain real estate and equity, dated January 20, 203, interest at an annual rate of 8.0% simple interest and matures on October 18, 2023. For the three months ended March 31, 2023, the Company recorded interest expense of $5,300. There was no unpaid interest as of March 31, 2023. B) A secured note payable of $300,000, secured by real estate and equity in subsidiaries dated March 10, 2023, interest at an annual rate of 8% simple interest and matures on December 10, 2023. For the three months ended March 31, 2023, the Company recorded interest expense of $1,800. There was no unpaid interest as of March 31, 2023. (C) Insurance premium financing note for $51,100
[2] Secured notes.
[3] The balance consists of $3,717,100 of secured notes, and $493,200 unsecured notes payable.