DEBT AND DEBT - RELATED PARTIES (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

SCHEDULE OF DEBT AND DEBT - RELATED PARTIES

The following is a summary of the Company’s debt outstanding as of March 31, 2023, and December 31, 2022:

	March 31, 2023			December 31, 2022
Senior Secured Promissory Notes	$	975,000		$	1,025,000
Senior Secured Promissory Notes - Related Parties		750,000			750,000
Fixed-Rate Mortgage Loans		30,315,774			30,568,677
Variable-Rate Mortgage Loans		4,828,637			4,879,462
Other Debt, Subordinated Secured		1,242,006			741,000
Other Debt, Subordinated Secured - Related Parties		150,000			150,000
Other Debt, Subordinated Secured - Seller Financing		46,106			56,051
Financed Insurance Premiums		621,274			235,125
Debt and Debt – Related Parties, Gross		38,928,797			38,405,315
Unamortized Discount and Debt Issuance Costs		(716,598	)		(810,997	)
Debt and Debt – Related Parties, Net of Discount	$	38,212,199		$	37,594,318
As presented in the Consolidated Balance Sheets:
Current Maturities of Long-Term Debt, Net	$	3,933,555		$	2,296,830
Short term debt – Related Parties, Net		900,000			900,000
Long-Term Debt, Net		33,378,644			34,397,488

SCHEDULE OF MORTGAGE LOAN DEBT

					Total Principal Outstanding as of
State	Number of Properties		Total Face Amount		March 31, 2023		December 31, 2022
Arkansas(1)		1	$	5,000,000	$	3,868,180	$	3,910,767
Georgia		5	$	17,765,992	$	13,166,889	$	16,019,874
Ohio		1	$	3,000,000	$	5,334,687	$	2,649,400
Oklahoma		6	$	13,181,325	$	12,774,655	$	12,868,098
		13	$	38,947,317	$	35,144,411	$	35,448,139

(1) The mortgage loan collateralized by this property is 80% guaranteed by the USDA and requires an annual renewal fee payable in the amount of 0.25% of the USDA guaranteed portion of the outstanding principal balance as of December 31 of each year. Guarantors under the mortgage loan include Christopher Brogdon. Mr. Brogdon has assumed operations of the facility and is making payments of principal and interest on the loan on our behalf in lieu of paying rent on the facility to us. During the three months ended March 31, 2023, the Company recognized other income of $42,587 for repayments on the loan.

SCHEDULE OF OTHER DEBT

			Total Principal Outstanding as of
Property	Face Amount		March 31, 2023		December 31,2022		Stated Interest Rate	Maturity Date
Goodwill Nursing Home	$	2,030,000	$	741,000	$	741,000	13% Fixed	1-Apr-24
Goodwill Nursing Home		501,006		501,006		-	6.75% Fixed	5-July-23
Goodwill Nursing Home – Related Party		150,000		150,000		150,000	13% Fixed	30-Nov-25
Higher Call Nursing Center (1)		150,000		46,106		56,051	8% Fixed	1-Apr-24
	$	2,831,006	$	1,438,112	$	947,051

(1) In connection with the acquisition of Higher Call, the Company executed a promissory note in favor of the Seller, Higher Call Nursing Center, Inc., in the principal amount of $150,000 which accrues interest at the rate of 8% per annum and is payable in equal monthly installments, principal and interest. This note is secured by a corporate guaranty of Global.

SCHEDULE OF UNSECURED NOTES AND NOTES SECURED BY ALL ASSETS

			Total Principal Outstanding as of
Series	Face Amount		March 31, 2023		December 31, 2022		Stated Interest Rate	Maturity Date
10% Senior Secured Promissory Notes	$	1,255,000	$	975,000	$	1,025,000	10% Fixed	30-Jun-23
10% Senior Secured Promissory Notes – Related Party	$	750,000		750,000		750,000	10% Fixed	30-Jun-23
	$	2,005,000	$	1,725,000	$	1,775,000