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LOANS PAYABLE AND FACTORING AGREEMENT (Tables)
12 Months Ended
Dec. 31, 2022
LOANS PAYABLE AND FACTORING AGREEMENT  
Schedule Of future principal payments

Year Ending December 31,

 

 

 

2023

 

$4,692,549

 

2024

 

 

516,000

 

2025

 

 

516,000

 

2026

 

 

516,000

 

2027

 

 

194,000

 

Total principal payments

 

6,434,549

 

Schedule Of Loans Payable

 

 

December 31,

2022

 

 

December 31,

2021

 

Term loan(s)

 

$-

 

 

$50,431

 

Promissory notes

 

 

6,153,272

 

 

 

4,299,831

 

Factoring arrangement

 

 

281,277

 

 

 

-

 

Total loans payable

 

 

6,434,549

 

 

 

4,350,262

 

Less: Unamortized debt discount or debt issuance costs

 

 

(1,473,351 )

 

 

-

 

Less current portion

 

 

(3,700,855 )

 

 

(1,712,387 )

Non-current portion

 

$1,260,343

 

 

$2,637,875