| Schedule of Debt |
Debt is comprised of the following components
as of June 30, 2024:
| Original issue discount subordinated debentures | |
$ | 2,518,110 | |
| Original issue discount secured subordinated note | |
| 1,199,854 | |
| Acquisition notes – related party | |
| 141,193 | |
| Promissory notes and cash advances | |
| 650,865 | |
| Promissory note – related party | |
| 250,000 | |
| Revolving lines of credit | |
| 2,219 | |
| Equipment financing loan | |
| 133,230 | |
| EIDL loan | |
| 300,000 | |
| PPP loans | |
| 197,457 | |
| | |
| 5,392,928 | |
| Debt issuance costs | |
| (71,959 | ) |
| Debt, net | |
| 5,320,969 | |
| Debt, current | |
| 3,325,866 | |
| Debt issuance costs, current | |
| (23,043 | ) |
| Current portion of debt, net | |
| 3,302,823 | |
| Debt, non-current | |
| 2,067,062 | |
| Debt issuance costs, non-current | |
| (48,916 | ) |
| Non-current portion of debt, net | |
$ | 2,018,146 | |
|
| Schedule of Future Contractual Maturities of the Debt |
The future contractual maturities of the debt
are as follows:
| For the Year Ended December 31: | |
| |
| 2024 (remainder of year) | |
$ | 3,309,546 | |
| 2025 | |
| 139,431 | |
| 2026 | |
| 459,275 | |
| 2027 | |
| 165,114 | |
| 2028 | |
| 181,851 | |
| Thereafter | |
| 1,065,752 | |
| Total | |
$ | 5,320,969 | |
|