| SCHEDULE OF ADVANCES ON FUTURE RECEIPTS |
The
Company has the following advances on future receipts as of September 30, 2021:
SCHEDULE OF ADVANCES ON FUTURE RECEIPTS
| Note |
|
Issuance
Date |
|
Maturity
Date |
|
Interest
Rate |
|
|
Original
Borrowing |
|
|
Balance
at September 30, 2021 |
|
|
Balance
at December 31, 2020 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note
A |
|
June
30, 2020 |
|
February
25, 2021 |
|
|
28 |
% |
|
$ |
506,000 |
|
|
$ |
- |
|
|
$ |
89,000 |
|
| Note
B |
|
June
30, 2020 |
|
February
25, 2021 |
|
|
28 |
% |
|
|
506,000 |
|
|
|
- |
|
|
|
88,000 |
|
| Note
C |
|
January
13, 2021 |
|
September
10, 2021 |
|
|
28 |
% |
|
|
844,000 |
|
|
|
- |
|
|
|
- |
|
| Note
D |
|
January
13, 2021 |
|
September
10, 2021 |
|
|
28 |
% |
|
|
844,000 |
|
|
|
- |
|
|
|
- |
|
| Note
E |
|
January
22, 2021 |
|
July
1, 2021 |
|
|
28 |
% |
|
|
2,040,000 |
|
|
|
- |
|
|
|
- |
|
| Note
F |
|
February
18, 2021 – March 3, 2021 |
|
August
3, 2021 – August 15, 2021 |
|
|
3 |
% |
|
|
1,696,000 |
|
|
|
- |
|
|
|
- |
|
| Note
G |
|
June
30, 2021 |
|
December
31, 2021 |
|
|
7 |
% |
|
|
1,210,000 |
|
|
|
618,000 |
|
|
|
|
|
| Note
H |
|
June
30, 2021 |
|
March
1, 2022 |
|
|
28 |
% |
|
|
2,720,000 |
|
|
|
1,750,000 |
|
|
|
- |
|
| Total |
|
|
|
|
|
|
|
|
|
$ |
10,366,000 |
|
|
|
2,368,000 |
|
|
|
177,000 |
|
| Debt
discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(515,000 |
) |
|
|
(67,000 |
) |
| Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,853,000 |
|
|
$ |
110,000 |
|
|