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

Debt obligations is comprised of the following:

 

   December 31, 2024   December 31, 2023 
Economic injury disaster loan (EIDL)  $144,495   $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 
Commercial Extension of Credit- Entertainment Segment   100,000    87,928 
Merchant Advances – Video Solutions Segment   1,922,750    1,350,000 
Senior Secured Promissory Notes   3,600,000     
Unamortized debt issuance costs   (664,719)   (540,429)
Debt obligations   5,102,526    6,113,750 
Less: current maturities of debt obligations   4,961,443    1,260,513 
           
Debt obligations, long-term  $141,083   $4,853,237 
SCHEDULE OF MATURITY OF DEBT OBLIGATIONS

Debt obligations mature on an annual basis as follows as of December 31, 2024:

 

   December 31, 2024 
2025  $4,961,443 
2026   3,412 
2027   3,542 
2028   3,677 
2029 and thereafter   130,452 
      
Total  $5,102,526 

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 
SCHEDULE OF ALLOCATED NET PROCEEDS FROM PRIVATE PLACEMENT OF SENIOR SECURED PROMISSORY NOTES AND COMMITMENT SHARES

 

   Amount 
     
Allocated to the following:     
      
Senior secured promissory notes  $2,129,795 
      
Commitment shares   539,455 
      
Total  $2,669,250 
SCHEDULE OF SENIOR SECURED PROMISSORY NOTES BALANCE

Following is analysis of the senior secured promissory notes balance:

 

   Amount 
     
Balance, as of December 31, 2023  $ 
      
Issuance of senior secured promissory notes, at par   3,600,000 
      
Discount recognized at issuance date   (1,470,205)
      
Amortization of discount   805,486 
      
Balance, as of December 31, 2024  $2,935,281