DEBT

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

DEBT

NOTE 10 – DEBT

Debt as of June 30, 2023 (Unaudited), and December 31, 2022, was comprised of the following:

	Short term notes			Convertible notes, unsecured		Current portion of long-term debt and capital lease obligations			Long term debt			Total
Balance December 31, 2022	$	3,518,000		$	1,605,000	$	504,300		$	1,840,600		$	7,467,900
Increase in borrowing		901,100	(1)		-		-			-			901,100
Principal reductions		(155,600	)		-		(2,200	)		-			(157,800	)
Long term debt to current		-			-		2,300			(2,300	)		-
Amortization of debt discount		-			-		-			-			-
Balance June 30, 2023	$	4,263,500	(2)	$	1,605,000	$	504,400		$	1,838,300	(3)	$	8,211,200

(1)	A) Secured note payable of $350,000, secured by certain real estate and equity, dated January 20, 2023, interest at an annual rate of 8.0% simple interest and matures on October 18, 2023. For the six months ended June 30, 2023, the Company recorded interest expense of $12,400. There was $12,400 accrued and unpaid interest as of June 30, 2023. B) A secured note payable of $300,000, secured by real estate and equity in subsidiaries dated March 10, 2023, interest at an annual rate of 8% simple interest and matures on December 10, 2023. For the six months ended June 30, 2023, the Company recorded interest expense of $7,400. There was $7,400 accrued and unpaid interest as of June 30, 2023. C) A secured note payable of $200,000, secured by real estate and equity in subsidiaries dated May 16, 2023, interest at an annual rate of 8% simple interest and matures on December 10, 2023. For the six months ended June 30, 2023, the Company recorded interest expense of $1,800. There was $1,800 accrued and unpaid interest as of June 30, 2023. D) Insurance financing of $51,100, which is being paid down with ten equal monthly payments of $5,100.
(2)	The balance consists of $3,746,500 of secured notes, and $517,000 unsecured notes payable.
(3)	Secured notes.