| SCHEDULE OF ADVANCES ON FUTURE RECEIPTS |
The
Company has the following advances on future receipts as of June 30, 2021:
SCHEDULE OF ADVANCES ON FUTURE RECEIPTS
| Note |
|
Issuance Date |
|
Maturity Date |
|
Interest Rate |
|
|
Original Borrowing |
|
|
Balance at June 30, 2021 |
|
|
Balance at December 31, 2020 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Note 1 |
|
June 30, 2020 |
|
February 25, 2021 |
|
|
28 |
% |
|
$ |
506,000 |
|
|
$ |
- |
|
|
$ |
89,000 |
|
| Note 2 |
|
June 30, 2020 |
|
February 25, 2021 |
|
|
28 |
% |
|
|
506,000 |
|
|
|
- |
|
|
|
88,000 |
|
| Note 3 |
|
January 13, 2021 |
|
September 10, 2021 |
|
|
28 |
% |
|
|
844,000 |
|
|
|
213,000 |
|
|
|
- |
|
| Note 4 |
|
January 13, 2021 |
|
September 10, 2021 |
|
|
28 |
% |
|
|
844,000 |
|
|
|
213,000 |
|
|
|
- |
|
| Note 5 |
|
January 22, 2021 |
|
July 1, 2021 |
|
|
28 |
% |
|
|
2,040,000 |
|
|
|
- |
|
|
|
- |
|
| Note 6 |
|
February 18, 2021 – March 3, 2021
|
|
August 3, 2021 – August 15, 2021
|
|
|
3 |
% |
|
|
1,696,000 |
|
|
|
440,000 |
|
|
|
- |
|
| Note 7 |
|
June 30, 2021 |
|
December 31, 2021 |
|
|
7 |
% |
|
|
1,210,000 |
|
|
|
1,210,000 |
|
|
|
|
|
| Note 8 |
|
June 30, 2021 |
|
March 1, 2022 |
|
|
28 |
% |
|
|
2,720,000 |
|
|
|
2,720,000 |
|
|
|
- |
|
| Total |
|
|
|
|
|
|
|
|
|
$ |
10,366,000 |
|
|
|
4,796,000 |
|
|
|
177,000 |
|
| Debt discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,013,000 |
) |
|
|
(67,000 |
) |
| Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,783,000 |
|
|
$ |
110,000 |
|
|