| SCHEDULE OF DEBT |
At March 31, 2025 and December 31, 2024, debt consisted
of the following:
SCHEDULE
OF DEBT
| | |
March 31, 2025 | | |
December 31, 2024 | |
| | |
| | |
| |
| Notes payable – third parties | |
$ | 2,587,513 | | |
$ | 7,279,724 | |
| Notes payable – related parties | |
| 2,945,950 | | |
| 2,671,924 | |
| Other loans | |
| 467,458 | | |
| 268,257 | |
| Total debt | |
| 6,000,921 | | |
| 10,219,905 | |
| Less current portion of debt | |
| (6,000,921 | ) | |
| (10,219,905 | ) |
| Total debt, net of current portion | |
$ | - | | |
$ | - | |
|
| SCHEDULE OF NOTES PAYABLE WITH THIRD PARTIES |
At March 31, 2025 and December 31, 2024 notes payable
with third parties consisted of the following:
SCHEDULE
OF NOTES PAYABLE WITH THIRD PARTIES
| | |
March 31, 2025 | | |
December 31, 2024 | |
| | |
| | |
| |
| Senior PIK Notes in the aggregate principal amount of $0
and $3,457,500,
including interest of $0
and $1,793,241
at March 31, 2025 and December 31, 2024, respectively | |
$ | - | | |
$ | 5,250,741 | |
| Silverback/Western Note Payable | |
| 972,357 | | |
| 623,832 | |
| ClearThink Notes in the aggregate principal amount of $861,750 and $1,166,750 net of unamortized discounts of $233,904 and $257,290 at March 31, 2025 and December 31, 2024, respectively | |
| 627,846 | | |
| 909,460 | |
| LGH notes payable in the aggregate principal amount of $220,000 and $222,000, net of unamortized discounts of $84,804 and $126,511 at March 31, 2025 and December 31, 2024, respectively | |
| 135,196 | | |
| 95,489 | |
| IG notes payable in the aggregate principal amount of $230,000
and $120,000,
net of unamortized discounts of $91,200
and $68,739
at March 31, 2025 and December 31, 2024, respectively | |
| 138,800 | | |
| 51,267 | |
| 1800 Diagonal notes payable in the aggregate principal amount of $345,130
and $264,308,
net of unamortized discounts of $111,470
and $57,672
at March 31, 2025 and December 31, 2024, respectively | |
| 233,660 | | |
| 206,636 | |
| Red Road note payable in the principal amount of $44,698 and $91,019, net of unamortized discounts of $24,208 and $35,556 at March 31, 2025 and December 31, 2024, respectively | |
| 20,490 | | |
| 55,463 | |
| Lucas Ventures notes payable in the aggregate principal amount of $275,000
and $220,000,
net of unamortized discounts of $113,585
and $133,164
at March 31, 2025 and December 31, 2024, respectively | |
| 161,415 | | |
| 86,836 | |
| JSC notes payable in the aggregate principal amount of $425,150
and $0,
net of unamortized discounts of $164,570
and $0
at March 31, 2025 and December 31, 2024, respectively | |
| 260,580 | | |
| - | |
| Vista Capital note payable in the principal amount of $55,000 and $0, net of unamortized discounts of $17,831 and $0 at March 31, 2025 and December 31, 2024, respectively | |
| 37,169 | | |
| - | |
| Total third-party notes payable | |
| 2,587,513 | | |
| 7,279,724 | |
| Less current portion of third-party notes payable | |
| (2,587,513 | ) | |
| (7,279,724 | ) |
| Total third-party notes payable, net of current portion | |
$ | - | | |
$ | - | |
|
| SCHEDULE OF NOTES PAYABLE WITH RELATED PARTIES |
At March 31, 2025 and December 31, 2024 notes payable
with related parties consisted of the following:
SCHEDULE
OF NOTES PAYABLE WITH RELATED PARTIES
| | |
March 31, 2025 | | |
December 31, 2024 | |
| | |
| | |
| |
| Poole Note, dated September 19, 2023 | |
$ | 247,233 | | |
$ | 247,233 | |
| Additional Poole Note | |
| 42,500 | | |
| 42,500 | |
| Note payable to RHI for the acquisition of Myrtle | |
| 264,565 | | |
| 264,565 | |
| Note payable to RHI in connection with the acquisition of Myrtle in the original principal amount of $1,610,671 | |
| 891,652 | | |
| 617,626 | |
| New RCHI Note for the acquisition of RCHI | |
| 1,000,000 | | |
| 1,000,000 | |
| Total related parties’ notes payable | |
| 2,945,950 | | |
| 2,671,924 | |
| Less current portion of related parties’ notes payable | |
| (2,945,950 | ) | |
| (2,671,924 | ) |
| Total related parties’ notes payable, net of current portion | |
$ | - | | |
$ | - | |
|