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LOANS PAYABLE AND FACTORING AGREEMENT (Tables)
9 Months Ended
Sep. 30, 2022
RELATED PARTY TRANSACTIONS  
Schedule Of future principal payments

Year Ending December 31,

 

 

 

2022 (remainder of year)

 

$1,570,817

 

2023

 

 

4,136,162

 

2024

 

 

-

 

Total

 

 

5,706,979

 

Less: Debt discount and debt issuance costs

 

 

(1,179,348 )

Total minimum principal payments

 

$4,527,631

 

Schedule Of Loans Payable

 

 

September 30,

2022

 

 

December 31,

2021

 

Term loan(s)

 

$-

 

 

$50,431

 

Promissory notes

 

 

4,843,157

 

 

 

4,299,831

 

Factoring arrangement

 

 

863,822

 

 

 

-

 

Total loans payable

 

 

5,706,979

 

 

 

4,350,262

 

Less: Unamortized debt discount or debt issuance costs

 

 

(1,179,348 )

 

                                  -

 

Less current portion

 

 

(4,300,891 )

 

 

(1,712,387 )

Non-current portion

 

$226,740

 

$2,637,875