Quarterly report pursuant to Section 13 or 15(d)

ADVANCES ON FUTURE RECEIPTS (Tables)

v3.23.2
ADVANCES ON FUTURE RECEIPTS (Tables)
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
SCHEDULE OF ADVANCES ON FUTURE RECEIPTS

As a result of the sale, the Company has eliminated any amounts related to advances on future receipts as part of its presentation of continuing operations The Company has the following advances on future receipts as of June 30, 2023 and December 31, 2022:

 

Note  

Issuance Date

 

Maturity Date

 

Interest

Rate

   

Original

Borrowing

    Balance at June 30, 2023     Balance at December 31, 2022  
                                 
Note 1   August 25, 2022   May 11, 2023     26 %   $ 3,400     $ -     $ 1,782  
Note 2   October 25, 2022   April 26, 2023     30 %     322       -       207  
Note 3   February 16, 2023   December 14, 2023     35 %     2,108       915       -  
Total                   $ 5,830       915       1,989  
Debt discount                             (187 )     (311 )
Debt issuance costs                             (32 )     (37 )
Net                           $ 696     $ 1,641