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LONG-TERM DEBT (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
SCHEDULE OF LONG TERM DEBT

The composition of the long-term debt follows:

 

   March 31,
2022
   December 31,
2021
 
         
Oak Street Funding LLC Term Loan for the acquisition of EBS and USBA, net of deferred financing costs of $14,051 and $14,606 as of March 31, 2022 and December 31, 2021, respectively  $470,249   $485,317 
Oak Street Funding LLC Senior Secured Amortizing Credit Facility for the acquisition of CCS, net of deferred financing costs of $16,988 and $17,626 as of March 31, 2022 and December 31, 2021, respectively   762,051    785,826 
Oak Street Funding LLC Term Loan for the acquisition of SWMT, net of deferred financing costs of $10,556 and $11,027 as of March 31, 2022 and December 31, 2021, respectively   859,892    884,720 
Oak Street Funding LLC Term Loan for the acquisition of FIS, net of deferred financing costs of $41,206 and $42,660 as of March 31, 2022 and December 31, 2021, respectively   2,164,855    2,226,628 
Oak Street Funding LLC Term Loan for the acquisition of ABC, net of deferred financing costs of $46,989 and $48,609 as of March 31, 2022 and December 31, 2021, respectively   3,521,493    3,616,754 
    7,778,540    7,999,245 
Less: current portion   (918,073)   (913,920)
Long-term debt  $6,860,467   $7,085,325 
SCHEDULE OF CUMULATIVE MATURITIES OF LONG-TERM OBLIGATIONS

 

Fiscal year ending December 31,  Maturities of
Long-Term Debt
 
2022 (remainder of year)  $682,348 
2023   957,233 
2024   1,010,835 
2025   1,069,437 
2026   1,130,416 
Thereafter   3,058,062 
Total   7,908,331 
Less debt issuance costs   (129,791)
Total  $7,778,540