Annual report pursuant to Section 13 and 15(d)

ADVANCES ON FUTURE RECEIPTS (Tables)

v3.23.1
ADVANCES ON FUTURE RECEIPTS (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
SCHEDULE OF ADVANCES ON FUTURE RECEIPTS

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

 

Note   Issuance Date   Maturity Date   Interest Rate     Original Borrowing     Balance at December 31, 2022     Balance at 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       1,782       -  
Note 5   October 25, 2022   April 26, 2023     30 %     322       207       -  
Total                   $ 10,339       1,989       4,981  
Debt discount                             (311 )     (800 )
Debt issuance costs                             (37 )     -  
Net                           $ 1,641     $ 4,181