XML 41 R30.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
DEBT OBLIGATIONS (Tables)
3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
SUMMARY OF DEBT OBLIGATIONS

Debt obligations is comprised of the following:

   

   March 31, 2024   December 31, 2023 
Economic injury disaster loan (EIDL)  $146,971   $147,781 
Contingent consideration promissory note – Nobility Healthcare Division Acquisition   64,826    129,651 
Contingent consideration promissory note – Nobility Healthcare Division Acquisition   29,409    58,819 
Revolving Loan Agreement   4,880,000    4,880,000 
Commercial Extension of Credit- Entertainment Segment   69,643    87,928 
Merchant Advances – Video Solutions Segment   1,348,000    1,350,000 
Merchant Advances – Entertainment Segment   1,425,000     
Unamortized debt issuance costs   (684,989)   (540,429)
Debt obligations   7,278,860    6,113,750 
Less: current maturities of debt obligations   2,403,029    1,260,513 
Debt obligations, long-term  $4,875,831   $4,853,237 
SCHEDULE OF MATURITY OF DEBT OBLIGATIONS

Debt obligations mature as follows as of March 31, 2024:

 

   March 31, 2024 
2024  $2,402,188 
2025   4,735,589 
2026   3,542 
2027   3,677 
2028 and thereafter   133,864 
      
Total  $7,278,860 
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  $5.507.50 
Common stock issuable under the warrants   1,125,000