Schedule of loans payable |
Schedule of loans payable |
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March 31, |
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December 31, |
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2023 |
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2022 |
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Original borrowings of $250,000, bears interest at 1%, requires no payments until maturity in January 2024 |
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210,500 |
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210,500 |
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Original payable of $151,096 with additional net borrowings of $252,954, requires monthly payments of $1,500 until total payments of $404,050 have been made |
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369,524 |
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392,044 |
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Original payable of $553,175 with additional net borrowings of $72,237, requires monthly payments of $25,000 until total payments of $625,412 have been made |
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450,000 |
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450,000 |
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Original payable of $492,180 with additional net borrowings of $620,804 requires monthly payments of $25,000 until total payments of $1,112,984 have been made |
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865,618 |
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865,618 |
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Borrowings of $9,075,000 and unamortized original issue discount of $638,388, bears interest at 5%, requires no payments until maturity in May 2023 (“Investor Notes”) |
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3,216,308 |
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8,275,040 |
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Original borrowings of $60,000, bears interest at 1%, requires no payments until maturity in January 2024 |
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60,000 |
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60,000 |
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Original amounts due of $195,000, related to services provided by a vendor, requires monthly payments of $10,000 through May 2022, then monthly payments of $25,000 through August 2022 at which time any remaining balance is due |
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20,000 |
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65,000 |
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Original borrowing of $119,224 with monthly payments $14,903 |
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119,224 |
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119,224 |
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Other borrowing |
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195,323 |
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225,929 |
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5,506,497 |
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10,663,335 |
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Less:
Current maturities |
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4,714,773 |
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7,261,723 |
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$ |
791,724 |
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$ |
3,401,632 |
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