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DEBT OBLIGATIONS (Tables) | 6 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
SUMMARY OF DEBT OBLIGATIONS | Debt obligations is comprised of the following: SUMMARY OF DEBT OBLIGATIONS
|  | June 30, 2023 |  |  | December 31, 2022 |
Economic injury disaster loan (EIDL) |  | $ | 150,000 |  |  | $ | 150,000 |
Convertible note payable, net of unamortized debt discount of $1,975,909 |  |  | 899,091 |  |  |  | — |
Contingent consideration promissory note – Nobility Healthcare Division Acquisition |  |  | 259,303 |  |  |  | 388,955 |
Contingent consideration promissory note – Nobility Healthcare Division Acquisition |  |  | 117,637 |  |  |  | 176,456 |
Contingent consideration promissory note – Nobility Healthcare Division Acquisition |  |  | 5,937 |  |  |  | 208,083 |
Contingent consideration promissory note – Nobility Healthcare Division Acquisition |  |  | 19,887 |  |  |  | 4,346 |
Commercial Extension of Credit – Entertainment Segment |  |  | 175,617 |  |  |  | — |
Debt obligations |  |  | 1,627,472 |  |  |  | 927,840 |
Less: current maturities of debt obligations |  |  | 1,468,857 |  |  |  | 485,373 |
Debt obligations, long-term |  | $ | 158,615 |  |  | $ | 442,467 |
SCHEDULE OF MATURITY OF DEBT OBLIGATIONS | Debt obligations mature as follows as of June 30, 2023: SCHEDULE OF MATURITY OF DEBT OBLIGATIONS
|  | June 30, 2023 |
2023 (July 1, 2023 to December 31, 2023) |  | $ | 374,915 |
2024 |  |  | 3,083,972 |
2025 |  |  | 3,412 |
2026 |  |  | 3,542 |
2027 and thereafter |  |  | 137,541 |
Total |  | $ | 3,603,382 |
SCHEDULE OF WARRANT TO PURCHASE COMMON STOCK GRANTED | SCHEDULE OF WARRANT TO PURCHASE COMMON STOCK GRANTED
|  | Terms at April 5, 2023 (issuance date) |
Volatility - range |  |  | 106.0 | %
Risk-free rate |  |  | 3.36 | %
Dividend |  |  | 0 | %
Remaining contractual term |  |  | 5.0 years |
Exercise price |  | $ | 5.50 – 7.50 |
Common stock issuable under the warrants |  |  | 1,125,000 |
SUMMARY OF CONVERTIBLE NOTE ACTIVITY | Following is a summary of activity relative to the Convertible Note for the six months ended June 30, 2023: SUMMARY OF CONVERTIBLE NOTE ACTIVITY
|  | Amount |
Balance, December 31, 2022 |  | $ | — |
Convertible Note, at par |  |  | 3,000,000 |
Conversion of convertible note into common stock |  |  | (125,000 | )
Principal payments |  |  | — |
Unamortized debt discount |  |  | (1,975,909 | )
Balance, June 30, 2023 |  | $ | 899,091 |
During the three and six months ended June 30, 2023 the Company amortized $925,455 of debt discount under interest expense, compared to $-0- for the three and six months ended June 30, 2022. On June 2, 2023, the Purchasers elected to convert $125,000 principal, at the fixed price of $5.00 per share of common stock, 25,000 shares valued at $119,750. The loss on conversion of convertible note into common shares, of $93,386, was recorded during the period.

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