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Loans Payable to Financial Institutions (Tables)

9 Months Ended

Sep. 30, 2023

Loans Payable to Financial Institutions [Abstract]

Schedule of Loans Payable to Financial Institutions

Loans payable to financial institutions consist of the following:

		September 30, 2023				December 31, 2022
August 2022 - Loan agreement with principal amount of $100,000 and repayment rate of 20.5% for a total of $124,430. The loan was paid off in full as of September 30, 2023			-				50,898
May 2023 – Loan agreement with principal amount of $86,400 and repayment rate of 20% for a total of $98,712. The loan payable matures on November 19, 2024			50,393				-
May 2023 – Loan agreement with principal amount of $86,900 and repayment rate of 20% for a total of $98,936. The loan payable matures on November 19, 2024			53,584				-
April 2023 – Loan agreement with principal amount of $121,500 and repayment rate of 20% for a total of $137,963. The loan payable matures on October 6, 2024			55,355				-
Less: current portion			(140,220	)			(44,664	)
Total loan payable, net of current		$	19,112			$	6,234

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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