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

CONVERTIBLE DEBT OBLIGATIONS (Tables)

v3.23.1
CONVERTIBLE DEBT OBLIGATIONS (Tables)
 12 Months Ended
Dec. 31, 2022
Convertible Debt Obligations  
SCHEDULE OF CONVERTIBLE DEBT OBLIGATIONS

As of December 31, 2022 and 2021, the Company’s convertible obligations consisted of the following:

 

    2022     2021  
    As of December 31,  
    2022     2021  
Convertible debt obligations, beg, gross   $ 1,274,010     $ 1,531,639  
Addition     9,599,390       —  
Converted to equity     (459,370 )     (257,629 )
Converted to short term debt     (539,245 )     —  
Repayment     (509,311 )     —  
Deferred debt discount and Cost of Fund Raise     (1,389,623 )     —  
Convertible debt obligations, end, net   $ 7,975,851     $ 1,274,010  
Convertible debt obligations, current portion   $ 5,752,328     $ 507,765  
Convertible debt obligations, non-current portion   $ 2,223,523     $ 766,245