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v3.23.1

CONVERTIBLE NOTES PAYABLE – RELATED PARTIES (Tables) | 3 Months Ended
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Mar. 31, 2023
Short-Term Debt [Line Items] |
SCHEDULE OF CONVERTIBLE NOTE PAYABLE RELATED PARTIES | Principal due under the convertible note payable was as follows at March 31, 2023 and December 31, 2022: SCHEDULE OF CONVERTIBLE NOTE PAYABLE
|  | March 31, 2023 |  |  | December 31, 2022 |
Current: |  |  |  |  |  |  |  |
Note payable, 0% |  |  | 5,555,000 |  |  |  | - |
Less: debt discount |  |  | (5,277,250 | ) |  |  | - |
Convertible notes payable, net, current |  | $ | 277,750 |  |  | $ | - |
Long-Term: |  |  |  |  |  |  |  |
Note payable, 0% |  |  | 2,000,000 |  |  |  | 9,743,333 |
Less: debt discount |  |  | (316,120 | ) |  |  | (1,831,828 | )
Convertible notes payable, net |  | $ | 1,683,880 |  |  | $ | 7,911,505 |
Convertible Note Payable Related Party [Member] |
Short-Term Debt [Line Items] |
SCHEDULE OF CONVERTIBLE NOTE PAYABLE RELATED PARTIES | The convertible notes payable, related party were issued as part of consideration for the acquisition of Forever 8. The discount was calculated based on the fair value of the instrument as of October 1, 2022. See Note 3. Acquisitions for further information. Principal due under the convertible note payable – related parties was as follows at March 31, 2023 and December 31, 2022: SCHEDULE OF CONVERTIBLE NOTE PAYABLE RELATED PARTIES
|  | March 31, 2022 |  |  | December 31, 2021 |
Notes payable, 10% |  |  | 27,383,700 |  |  |  | 27,500,000 |
Less: debt discount |  |  | (2,500,000 | ) |  |  | (2,750,000 | )
Notes payable, net |  | $ | 24,883,700 |  |  | $ | 24,750,000 |

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- Definition Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount. + References No definition available. + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Details
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