Quarterly report pursuant to Section 13 or 15(d)

ADVANCES ON FUTURE RECEIPTS (Tables)

v3.22.2.2
ADVANCES ON FUTURE RECEIPTS (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
SCHEDULE OF ADVANCES ON FUTURE RECEIPTS

The Company has the following advances on future receipts as of September 30, 2022 and December 31, 2021:

 

Note   Issuance
Date
  Maturity
Date
  Interest
Rate
    Original Borrowing     Balance as of September 30,
2022
    Balance as of December 31, 2021  
                                 
Note 1   October 29, 2021   April 28, 2022     5 %   $ 2,120     $ -     $ 1,299  
Note 2   October 29, 2021   July 25, 2022     28 %     3,808       -       2,993  
Note 3   December 23, 2021   June 22, 2022     5 %     689       -       689  
Note 4   August 25, 2022   May 11, 2023     26 %     3,400       2,971       -  
Total                   $ 10,017       2,971       4,981  
Debt discount                             (697 )     (800 )
Debt issuance costs                             (77 )     -  
Net                           $ 2,197     $ 4,181