Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

CONVERTIBLE DEBT OBLIGATIONS (Tables)

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CONVERTIBLE DEBT OBLIGATIONS (Tables)
 12 Months Ended
Dec. 31, 2023
Convertible Debt Obligations  
SCHEDULE OF CONVERTIBLE DEBT OBLIGATIONS

As of December 31, 2023 and 2022, the Group’s convertible obligations consisted of the following:

 

    2023     2022  
    As of December 31,  
    2023     2022  
Convertible debt obligations, beginning balance   $ 7,975,851     $ 1,274,010  
Addition     -       9,599,390  
Converted to equity     (5,971,029 )     (459,370 )
Converted to short term debt     -       (539,245 )
Repayment     (2,004,822 )     (509,311 )
Deferred debt discount and Cost of Fund Raise     -       (1,389,623 )
Convertible debt obligations, ending balance   $ -     $ 7,975,851  
Convertible debt obligations, current portion   $ -     $ 5,752,328  
Convertible debt obligations, non-current portion   $ -     $ 2,223,523