| Schedule of Advances on Future Receipts |
The Company has the following advances on future
receipts as of September 30, 2020:
| Note |
|
Issuance Date |
|
Maturity Date |
|
Interest
Rate |
|
|
Original Borrowing |
|
|
Balance at
September 30, 2020 |
|
|
Balance at
December 31, 2019 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Note 1 |
|
December 24, 2019 |
|
June 30, 2020 |
|
|
10 |
% |
|
$ |
506,000 |
|
|
$ |
- |
|
|
$ |
503,000 |
|
| Note 2 |
|
December 24, 2019 |
|
June 30, 2020 |
|
|
10 |
% |
|
|
506,000 |
|
|
|
- |
|
|
|
503,000 |
|
| Note 3 |
|
June 30, 2020 |
|
February 25, 2021 |
|
|
10 |
% |
|
|
506,000 |
|
|
|
297,000 |
|
|
|
- |
|
| Note 4 |
|
June 30, 2020 |
|
February 25, 2021 |
|
|
10 |
% |
|
|
506,000 |
|
|
|
297,000 |
|
|
|
- |
|
| Total |
|
|
|
|
|
|
|
|
|
$ |
1,012,000 |
|
|
|
594,000 |
|
|
|
1,006,000 |
|
| Debt discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(176,000 |
) |
|
|
(274,000 |
) |
| Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
418,000 |
|
|
$ |
732,000 |
|
|