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LOANS PAYABLE (Tables)
9 Months Ended
Sep. 30, 2023
LOANS PAYABLE  
Schedule Of Loans Payable

 

 

September 30,

2023

 

 

December 31,

2022

 

Promissory notes

 

$5,655,197

 

 

$6,153,272

 

Factoring arrangement

 

 

-

 

 

 

281,277

 

Total loans payable

 

 

5,655,197

 

 

 

6,434,549

 

Less: Unamortized debt discount or debt issuance costs

 

 

(910,312 )

 

 

(1,473,351 )

Less current portion

 

 

(4,744,885)

 

 

(3,700,855 )

Non-current portion

 

$-

 

 

$1,260,343

 

Schedule Of future principal payments

Year Ending December 31,

 

 

 

2023 (remainder of year)

 

$3,913,197

 

2024

 

 

1,742,000

 

Total principal payments

 

$5,655,197