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LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
SCHEDULE OF LONG TERM DEBT

The composition of the long-term debt follows:

 

   

December 31,

2024

    

December 31,

2023

  
             
                 
Oak Street Funding LLC Term Loan for the acquisition of EBS and USBA, variable interest of Prime Rate plus 2.5%, maturing August of 2028, net of deferred financing costs of $7,950 and $10,069 as of December 31, 2024 and 2023, respectively   $ 305,996     $ 369,602  
Oak Street Funding LLC Senior Secured Amortizing Credit Facility for the acquisition of CCS, variable interest of Prime Rate plus 1.5%, maturing December 2028, net of deferred financing costs of $9,974 and $12,525 as of December 31, 2024 and 2023, respectively     507,307       604,830  
Oak Street Funding LLC Term Loan for the acquisition of SWMT, variable interest of Prime Rate plus 2.0%, maturing April 2029 net of deferred financing costs of $6,260 and $7,733 as of December 31, 2024 and 2023, respectively     593,527       695,758  
Oak Street Funding LLC Term Loan for the acquisition of FIS, variable interest of Prime Rate plus 2.0%, maturing May 2029, net of deferred financing costs of $25,209 and $31,026 as of December 31, 2024 and 2023, respectively     1,505,894       1,758,558  
Oak Street Funding LLC Term Loan for the acquisition of ABC, variable interest of Prime Rate plus 2.0%, maturing September 2029, net of deferred financing costs of $29,169 and $35,649 as of December 31, 2024 and 2023, respectively     2,514,031       2,899,409  
Oak Street Funding LLC Term Loan, variable interest of Prime Rate plus 2.5%, maturing May 2032, for the acquisition of Barra, net of deferred financing costs of $155,337 and $176,762 as of December 31, 2024 and December 31, 2023, respectively     5,633,564       6,089,580  
Long term debt     11,060,319       12,417,737  
Less: current portion     (1,591,919)       (1,390,766 )
Long-term debt   $ 9,468,400     $ 11,026,971  
SCHEDULE OF CUMULATIVE MATURITIES OF LONG -TERM LOANS AND CREDIT FACILITIES

Aggregated cumulative maturities of long-term obligations (including the Term Loan and the Facility), excluding deferred financing costs, as of December 31, 2024 are:

 

Fiscal year ending December 31,  

Maturities of

Long-Term Debt

  
2025   $ 1,591,919  
2026     1,755,061  
2027     1,934,939  
2028     2,096,550  
2029     1,537,789  
Thereafter     2,377,961  
Total     11,294,219  
Less debt issuance costs     (233,900 )
Total   $ 11,060,319