Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.22.4
Debt (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

As of June 30, 2022 and December 31, 2021, debt consisted of the following:

   

   

June 30,

2022

    

December 31,

2021

  
             
Notes payable   $ -     $ 27,644  
Notes payable – related parties     221,758       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     (34,290,981 )     (68,925,172 )
Total Debt   $ 81,420,777     $ 46,987,579  
Schedule of Maturities of Long-term Debt

The scheduled maturities of the debt for the next five years as of June 30, 2022, are as follows:

   

    Amount  
2022   $ 33,112,835  
2023     82,612,272  
2024     -  
2025     -  
2026     -  
Long-term debt, Gross     115,725,107  
Less:debt discount     (34,304,330 )
Long-term debt   $ 81,420,777