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DEBT AND CREDIT FACILITIES (Tables)

9 Months Ended

Sep. 30, 2023

Debt And Credit Facilities

SCHEDULE OF LONG-TERM DEBT

The table below presents the components of outstanding debt for the periods presented:

 SCHEDULE OF LONG-TERM DEBT

		September 30, 2023				December 31, 2022
Term Loan		$	9,750,000			$	-
Total debt			9,750,000				-
Less: debt issuance costs, net of accumulated amortization of $2,055 and zero			(59,603	)			-
Long-term debt			9,690,397				-
Less: current portion of debt			232,143				-
Long-term debt, net of current portion		$	9,458,254			$	-

SCHEDULE OF MATURITIES OUTSTANDING DEBT

The table below presents the aggregate maturities of the Company’s outstanding debt as of September 30, 2023:

 SCHEDULE OF MATURITIES OUTSTANDING DEBT

Year		Total
Remainder of 2023		$	-
2024			580,357
2025			1,625,000
2026			1,950,000
2027			1,950,000
2028			3,644,643
Thereafter			-
Total debt		$	9,750,000

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- References

No definition available.

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481544/470-10-50-1

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