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LONG-TERM DEBT AND SHORT-TERM FINANCINGS (Tables) | 6 Months Ended
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Jun. 30, 2022
Long-term Debt And Short-term Financings |
SCHEDULE OF LONG TERM DEBT | The composition of the long-term debt follows: SCHEDULE OF LONG TERM DEBT
|  | June 30, 2022 |  |  | December 31, 2021 |
Oak Street Funding LLC Term Loan for the acquisition of EBS and USBA, net of deferred financing costs of $13,497 and $14,606 as of June 30, 2022 and December 31, 2021, respectively |  | $ | 455,391 |  |  | $ | 485,317 |
Oak Street Funding LLC Senior Secured Amortizing Credit Facility for the acquisition of CCS, net of deferred financing costs of $16,351 and $17,626 as of June 30, 2022 and December 31, 2021, respectively |  |  | 738,547 |  |  |  | 785,826 |
Oak Street Funding LLC Term Loan for the acquisition of SWMT, net of deferred financing costs of $10,085 and $11,027 as of June 30, 2022 and December 31, 2021, respectively |  |  | 835,376 |  |  |  | 884,720 |
Oak Street Funding LLC Term Loan for the acquisition of FIS, net of deferred financing costs of $39,752 and $42,660 as of June 30, 2022 and December 31, 2021, respectively |  |  | 2,103,885 |  |  |  | 2,226,628 |
Oak Street Funding LLC Term Loan for the acquisition of ABC, net of deferred financing costs of $45,369 and $48,609 as of June 30, 2022 and December 31, 2021, respectively |  |  | 3,427,614 |  |  |  | 3,616,754 |
Oak Street Funding LLC Term Loan for the acquisition of Barra, net of deferred financing costs of $208,901 and $0 as of June 30, 2022 and December 31, 2021, respectively |  |  | 6,311,099 |  |  |  | - |
|  |  | 13,871,912 |  |  |  | 7,999,245 |
Less: current portion |  |  | (936,263 | ) |  |  | (913,920 | )
Long-term debt |  | $ | 12,935,649 |  |  | $ | 7,085,325 |
SCHEDULE OF CUMULATIVE MATURITIES OF LONG-TERM LOANS AND CREDIT FACILITIES | SCHEDULE OF CUMULATIVE MATURITIES OF LONG-TERM LOANS AND CREDIT FACILITIES
Fiscal year ending December 31, |  | Maturities of Long-Term Debt |
2022 (remainder of year) |  | $ | 438,616 |
2023 |  |  | 1,228,897 |
2024 |  |  | 1,542,156 |
2025 |  |  | 1,656,383 |
2026 |  |  | 1,776,385 |
Thereafter |  |  | 7,563,428 |
Total |  |  | 14,205,865 |
Less: debt issuance costs |  |  | (333,953 | )
Total |  | $ | 13,871,912 |

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