Notes Payable - Related Party (Tables)

12 Months Ended

Dec. 31, 2022

Long-Term Debt [Abstract]

Schedule of Notes Payable

Description	Issuance Date	Face Amount		Unpaid Principal Amount
4.00% due December 30, 2022**	December 30, 2021	$	2,000,000	$	2,000,000
4.00% due June 30, 2022**	December 31, 2021		2,000,000		2,000,000
4.00% due November 30, 2022***	November 30, 2020		3,000,000		3,000,000
Total Notes payable – related party		$	7,000,000	$	7,000,000

**On March 31, 2022, $2,880,000 in aggregate of notes payable to Gloria E. Gebbia was exchanged for 24% ownership interest in RISE. During the year ended December 31, 2022, the Company paid the remainder of these notes payable.

***This note payable is subordinated to MSCO and is subordinated to the claims of general creditors, approved by FINRA, and is included in MSCO’s calculation of net capital and the capital requirements under FINRA and SEC regulations. On August 17, 2021, this note payable was renewed with a maturity of November 30, 2022.