Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.22.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

As of March, 31, 2022 and December 31, 2021, debt consisted of the following:

 

    March 31, 2022     December 31, 2021  
                 
      -       27,644  
Notes payable – related parties     235,107       235,107  
Convertible notes payable     112,990,000       113,000,000  
Convertible notes payable of Lomotif Private Limited     -       150,000  
Convertible notes payable of Lomotif Private Limited – related parties     2,500,000       2,500,000  
Debt issuance costs     (48,834,475 )     (68,925,172 )
Total debt     66,890,632       46,987,579  
Schedule of Maturities of Long-term Debt

The scheduled maturities of the debt for the next five years as of March 31, 2022, are as follows:

 

For the Years Ended December 31,   Amount  
2022     33,112,835  
2023     86,612,272  
2024     -  
2025     -  
2026     -  
Long-term Debt, Gross     115,725,107  
Less: debt discount     (48,834,475 )
Long-term Debt   $ 66,890,632