NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2024

Long-term notes payable are summarized as follows:

SCHEDULE OF LONG TERM NOTES PAYABLE

	As of
	March 31,			December 31,
	2024			2023
	(Unaudited)
Notes payable related parties:
Notes payable director and Executive Chairman	$	650,000		$	400,000
Accrued interest added to note balance		54,314			43,588
Total notes payable director and Executive Chairman		704,314			443,588
Note payable shareholder, principal amount		300,000			275,000
Less unamortized discount		(193,787	)		(213,185	)
Total note payable shareholder		106,213			61,815
Note payable, litigation funding agreement:
Note payable Omni Bridgeway (Fund 4) Invt. 3 L.P.		2,819,196			2,819,196
Accrued interest added to agreement balance		31,720			-
Total note payable, litigation funding agreement		2,850,916			2,819,196
Total notes payable		3,661,443			3,324,599
Less current portion		(2,850,916	)		-
Long-term notes payable	$	810,527		$	3,324,599

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

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