NOTE
15: INTEREST EXPENSE
For
the years ended December 31, 2022 and 2021, the Company recorded interest expense as follows:
SUMMARY OF INTEREST EXPENSE
| |
Year ended | | |
Year ended | |
| |
December 31, | | |
December 31, | |
| |
2022 | | |
2021 | |
Interest expense - convertible notes | |
$ | 2,884,571 | | |
$ | 131,623 | |
Interest expense - notes payable | |
| 505,198 | | |
| 260,155 | |
Interest expense - notes payable - related party | |
| - | | |
| 9,992 | |
Finance lease | |
| 7,047 | | |
| 15,967 | |
Other | |
| 45,473 | | |
| 10,031 | |
Amortization of debt discount | |
| 2,537,167 | | |
| 2,906,645 | |
Interest expense | |
$ | 5,979,456 | | |
$ | 3,334,413 | |
|