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Long-term Debt
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Long-term Debt

Note 12. Long-term Debt

 

Due to delays in achieving scaled up operations (Note 1 Long Lived Assets) the effective interest rate of these agreements range from approximately 11% to 34% for the three months ended March 31, 2023 and for the year ended December 31, 2022.

 

Long-term debt consists of the following:

 

               
    March 31,     December 31,  
    2023     2022  
Principal   $ 2,196,233     $ 2,196,233  
Accrued interest     2,597,367       1,922,621  
Debt discount     (208,216 )     (211,938 )
Total long term debt   $ 4,585,384     $ 3,906,916  
                 
Long term debt, current   $ 13,341     $ 9,363  
Long term debt   $ 4,572,043     $ 3,897,553  

 

The following table sets forth the estimated payment schedule of long-term debt as of March 31, 2023:

 

       
2023   $ -  
2024     29,042  
2025     35,155  
2026     41,003  
2027     48,102  
Thereafter     2,042,931  
Total   $ 2,196,233