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NOTES PAYABLE | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
NOTES PAYABLE | NOTE 11 – NOTES PAYABLE On September 27, 2023, the Company issued a promissory note to Perfect Day, Inc. (the “Perfect Day Note”) in the amount of $3,150,000 as consideration for the TUC APA (see Note 3). The promissory note does not accrue interest and is payable upon demand at any time after October 31, 2023. The entire aggregate, unpaid principal sum of the note is immediately due and payable upon the occurrence of a change in control, as defined in the agreement. On September 14, 2023, the Company issued a promissory note to Danam Health, Inc. (the “Danam Note”) in the amount of $300,000. The Company received a deposit of $200,000 on September 14, 2023 and an additional deposit of $100,000 on October 13, 2023. The Danam Note accrues interest at 0% per annum and is due and payable no later than 30 days after a change in control of borrower, as defined in the note agreement. As of September 30, 2023, the balance of the Danam Note is $200,000. The Company repaid $250,000 on the loan in October 2023. As of the date of this filing, the balance on the loan is $50,000. On June 16, 2023, the Company issued a secured debenture to Eat Well Investment Group, Inc. (the “Eat Well June 2023 Note”) in the amount of $1,150,000 for the purchase of Sapientia, a wholly-owned subsidiary of Superlatus. The Eat Well June 2023 Note is secured by 100% of the membership interests in Sapientia. The Eat Well June 2023 Note began accruing interest at 12% per annum, compounded monthly, as of October 31, 2023. The Eat Well June 2023 matured on December 31, 2023. As of September 30, 2023, the balance of the Eat Well June 2023 Note is $1,150,000. As of the date of this filing, the parties are working on an amendment for an extension. On February 8, 2023, Sapientia, a wholly-owned subsidiary of Superlatus, entered into a Loan Agreement with Eat Well Investment Group, Inc. (the “Eat Well February 2023 Note”) in the amount of $25,000. The Eat Well February 2023 Note is unsecured, accrues interest at a rate of 1.87% per annum, and matures February 7, 2025. As of September 30, 2023, the balance of the Eat Well February 2023 Note is $25,000. The Company has accrued interest of $350 as of September 30, 2023. On September 14, 2022, Sapientia entered into a Loan Agreement with Eat Well Investment Group, Inc. (the “Eat Well September 2022 Note”) in the amount of $50,000. The Eat Well September 2022 Note is unsecured, accrues interest at a rate of 1.87% per annum, and matures September 13, 2024. As of September 30, 2023, the balance of the Eat Well September 2022 Note is $50,000. The Company has accrued interest of $1,140 as of September 30, 2023. On July 26, 2022, Sapientia entered into a Loan Agreement with Eat Well Investment Group, Inc. (the “Eat Well July 26, 2022 Note”) in the amount of $35,000. The Eat Well July 26, 2022 Note is unsecured, accrues interest at a rate of 1.87% per annum, and matures July 25, 2024. As of September 30, 2023, the balance of the Eat Well July 26, 2022 Note is $35,000. The Company has accrued interest of $798 as of September 30, 2023. On July 12, 2022, Sapientia entered into a Loan Agreement with Eat Well Investment Group, Inc. (the “Eat Well July 12, 2022 Note”) in the amount of $25,000. The Eat Well July 12, 2022 Note is unsecured, accrues interest at a rate of 1.87% per annum, and matures July 11, 2024. As of September 30, 2023, the balance of the Eat Well July 12, 2022 Note is $25,000. The Company has accrued interest of $585 as of September 30, 2023. On March 15, 2022, Sapientia entered into a Loan Agreement with Eat Well Investment Group, Inc. (the “Eat Well March 2022 Note”) in the amount of $100,000. The Eat Well March 2022 Note is unsecured, accrues interest at a rate of 1.87% per annum, and matures March 14, 2024. As of September 30, 2023, the balance of the Eat Well March 2022 Note is $100,000. The Company has accrued interest of $2,966 as of September 30, 2023. On February 1, 2022, Sapientia entered into a Loan Agreement with Eat Well Investment Group, Inc. (the “Eat Well February 2022 Note”) in the amount of $100,000. The Eat Well February 2022 Note is unsecured, accrues interest at a rate of 1.87% per annum, and matures February 1, 2024. As of September 30, 2023, the balance of the Eat Well February 2022 Note is $100,000. The Company has accrued interest of $3,110 as of September 30, 2023. On January 20, 2022, Sapientia entered into a Loan Agreement with Eat Well Investment Group, Inc. (the “Eat Well January 2022 Note”) in the amount of $20,000. The Eat Well January 2022 Note is unsecured, accrues interest at a rate of 1.87% per annum, and matures January 20, 2024. As of September 30, 2023, the balance of the Eat Well January 2022 Note is $20,000. The Company has accrued interest of $653 as of September 30, 2023. On December 24, 2021, Sapientia entered into a Loan Agreement with Eat Well Investment Group, Inc. (the “Eat Well December 2021 Note”) in the amount of $100,000. The Eat Well December 2021 Note is unsecured, accrues interest at a rate of 1.87% per annum, and matured December 24, 2023. As of September 30, 2023, the balance of the Eat Well December 2021 Note is $100,000. The Company has accrued interest of $3,427 as of September 30, 2023. As of the date of this filing, the parties are working on an amendment for an extension. On November 10, 2021, Sapientia entered into a Loan Agreement with Eat Well Investment Group, Inc. (the “Eat Well November 2021 Note”) in the amount of $50,000. The Eat Well Novemer 2021 Note is unsecured, accrues interest at a rate of 1.87% per annum, and matured November 10, 2023. As of September 30, 2023, the balance of the Eat Well November 2021 Note is $50,000. The Company has accrued interest of $1,790 as of September 30, 2023. As of the date of this filing, the parties are working on an amendment for an extension. On August 18, 2021, Sapientia entered into a Loan Agreement with Eat Well Investment Group, Inc. (the “Eat Well August 2021 Note”) in the amount of $250,000. The Eat Well August 2021 Note is unsecured, accrues interest at a rate of 1.87% per annum, and matured August 18, 2023. As of September 30, 2023, the balance of the Eat Well August 2021 Note is $250,000. The Company has accrued interest of $9,900 as of September 30, 2023. As of the date of this filing, the parties are working on an amendment for an extension. The following table summarizes notes payable balances as of September 30, 2023: SCHEDULE OF NOTES PAYABLE BALANCES
|  | Current |  |  | Noncurrent |  |  |  |  |  | Accrued |
|  | Portion |  |  | Portion |  |  | Total |  |  | Interest |
|  | Current Portion |  |  | Non current Portion |  |  | Note Payable Total |  |  | Accrued Interest |
Perfect Day Note |  | $ | 3,150,000 |  |  | $ | - |  |  | $ | 3,150,000 |  |  | $ | - |
Danam Note |  |  | 200,000 |  |  |  | - |  |  |  | 200,000 |  |  |  | - |
Eat Well June 2023 Note |  |  | 1,150,000 |  |  |  | - |  |  |  | 1,150,000 |  |  |  | - |
Eat Well February 2023 Note |  |  | - |  |  |  | 25,000 |  |  |  | 25,000 |  |  |  | 350 |
Eat Well September 2022 Note |  |  | 50,000 |  |  |  | - |  |  |  | 50,000 |  |  |  | 1,104 |
Eat Well July 26, 2022 Note |  |  | 35,000 |  |  |  | - |  |  |  | 35,000 |  |  |  | 798 |
Eat Well July 12, 2022 Note |  |  | 25,000 |  |  |  | - |  |  |  | 25,000 |  |  |  | 585 |
Eat Well March 2022 Note |  |  | 100,000 |  |  |  | - |  |  |  | 100,000 |  |  |  | 2,966 |
Eat Well February 2022 Note |  |  | 100,000 |  |  |  | - |  |  |  | 100,000 |  |  |  | 3,110 |
Eat Well January 2022 Note |  |  | 20,000 |  |  |  | - |  |  |  | 20,000 |  |  |  | 653 |
Eat Well December 2021 Note |  |  | 100,000 |  |  |  | - |  |  |  | 100,000 |  |  |  | 3,427 |
Eat Well November 2021 Note |  |  | 50,000 |  |  |  | - |  |  |  | 50,000 |  |  |  | 1,790 |
Eat Well August 2021 Note |  |  | 250,000 |  |  |  | - |  |  |  | 250,000 |  |  |  | 9,900 |
|  | $ | 5,230,000 |  |  | $ | 25,000 |  |  | $ | 5,255,000 |  |  | $ | 24,683 |

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