Quarterly report pursuant to Section 13 or 15(d)

ADVANCES ON FUTURE RECEIPTS (Tables)

v3.22.1
ADVANCES ON FUTURE RECEIPTS (Tables)
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
SCHEDULE OF ADVANCES ON FUTURE RECEIPTS

The Company has the following advances on future receipts as of March 31, 2022 and December 31, 2021:

 

Note   Issuance Date   Maturity Date   Interest Rate     Original Borrowing     Balance at March 31, 2022     Balance at December 31, 2021  
                                 
Note 1   October 29, 2021   April 28, 2022     5 %     2,120       288       1,299  
Note 2   October 29, 2021   July 25, 2022     28 %     3,808       1,813       2,993  
Note 3   December 23, 2021   June 22, 2022     5 %     689       344       689  
Total                   $ 6,617       2,445       4,981  
Debt discount                             (310 )     (800 )
Net                           $ 2,135     $ 4,181