Debt (Tables)
|
9 Months Ended |
Sep. 30, 2023 |
|---|
| Debt Disclosure [Abstract] |
|
| Schedule of Debt |
At
September 30, 2023 (unaudited) and December 31, 2022, debt consisted of the following:
Schedule
of Debt
| |
|
September
30, 2023
|
|
|
December
31, 2022
|
|
| |
|
|
|
|
|
|
| Notes
payable- third parties |
|
$ |
1,194,451 |
|
|
$ |
2,917,390 |
|
| Loan
payable – related party |
|
|
2,198,000 |
|
|
|
2,995,000 |
|
| Debentures |
|
|
8,222,240 |
|
|
|
8,622,240 |
|
| Total
debt |
|
|
11,614,691 |
|
|
|
14,534,630 |
|
| Less
current portion of debt |
|
|
(11,614,691 |
) |
|
|
(14,534,630 |
) |
| Total
debt, net of current portion |
|
$ |
- |
|
|
$ |
- |
|
|
| Schedule of Notes Payable Third Parties |
At
September 30, 2023 (unaudited) and December 31, 2022, notes payable with third parties consisted of the following:
Notes
Payable – Third Parties
Schedule
of Notes Payable Third Parties
| |
|
September
30, 2023
|
|
|
December
31, 2022
|
|
| |
|
|
|
|
|
|
| Notes
payable to CommerceNet and Jay Tenenbaum in the original principal amount of $500,000 (the “Tegal Notes”). |
|
$ |
167,693 |
|
|
$ |
291,557 |
|
| |
|
|
|
|
|
|
|
|
| Note
payable to Anthony O’Killough dated September 27, 2019 in the original principal amount of $1.9 million. Issued net of $0.4
million of debt discount and financing fees. |
|
|
- |
|
|
|
1,137,380 |
|
| |
|
|
|
|
|
|
|
|
| Notes
payable to Western Healthcare, LLC dated August 10, 2021, in the aggregate principal amount of $2.4 million, bearing interest at
18% per annum, payable in monthly installments aggregating $0.2 million, due August 30, 2022. |
|
|
1,026,758 |
|
|
|
1,488,453 |
|
| |
|
|
|
|
|
|
|
|
| Note
payable |
|
|
1,194,451 |
|
|
|
2,917,390 |
|
| Less
current portion |
|
|
(1,194,451 |
) |
|
|
(2,917,390 |
) |
| Notes
payable - third parties, net of current portion |
|
$ |
- |
|
|
$ |
- |
|
|
| Schedule of Loan Payable Related Parties |
At
September 30, 2023 (unaudited) and December 31, 2022, loan payable - related party consisted of the following:
Schedule
of Loan Payable Related Parties
| |
|
September
30, 2023
|
|
|
December
31, 2022
|
|
| |
|
|
|
|
|
|
| Loan
payable to Christopher Diamantis |
|
$ |
2,198,000 |
|
|
$ |
2,995,000 |
|
| Less
current portion of loan payable, related party |
|
|
(2,198,000 |
) |
|
|
(2,995,000 |
) |
| Total
loan payable, related party, net of current portion |
|
$ |
- |
|
|
$ |
- |
|
|
| Schedule of Debentures |
The
carrying amount of all outstanding debentures as of September 30, 2023 (unaudited) and December 31, 2022 was as follows:
Schedule of Debentures
| |
|
September
30, 2023
|
|
|
December
31, 2022
|
|
| |
|
|
|
|
|
|
| March
2017 Debenture |
|
$ |
2,580,240 |
|
|
$ |
2,580,240 |
|
| 2018 Debentures |
|
|
5,642,000 |
|
|
|
5,642,000 |
|
| October
2022 Debentures |
|
|
- |
|
|
|
400,000 |
|
| Debentures,
Gross |
|
|
8,222,240 |
|
|
|
8,622,240 |
|
| Less
current portion |
|
|
(8,222,240 |
) |
|
|
(8,622,240 |
) |
| Debentures,
net of current portion |
|
$ |
- |
|
|
$ |
- |
|
|