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CONVERTIBLE NOTES PAYABLE – RELATED PARTIES (Tables)

3 Months Ended

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:

		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