XML 41 R30.htm IDEA: XBRL DOCUMENT v3.24.2.u1
DEBT OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
SCHEDULE OF DEBT OBLIGATIONS

Debt obligations is comprised of the following:

   

   June 30, 2024   December 31, 2023 
Economic injury disaster loan (EIDL)  $146,154   $147,781 
Contingent consideration promissory note – Nobility Healthcare Division Acquisition       129,651 
Contingent consideration promissory note – Nobility Healthcare Division Acquisition       58,819 
Revolving Loan Agreement   4,880,000    4,880,000 
Commercial Extension of Credit- Entertainment Segment   12,500    87,928 
Merchant Advances – Video Solutions Segment   2,259,000    1,350,000 
Merchant Advances – Entertainment Segment   1,373,101     
Unamortized debt issuance costs   (791,434)   (540,429)
Debt obligations   7,879,321    6,113,750 
Less: current maturities of debt obligations   2,980,903    1,260,513 
Debt obligations, long-term  $4,898,418   $4,853,237 
SCHEDULE OF MATURITY OF DEBT OBLIGATIONS

Debt obligations mature as follows as of June 30, 2024:

 

   June 30, 2024 
2024 (July 1, 2024 to December 31, 2024)  $2,979,213 
2025   4,759,024 
2026   3,542 
2027   3,677 
2028 and thereafter   133,865 
      
Total  $7,879,321 
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