Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.23.1
Debt (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

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

   

   

September 30, 2022

     December 31, 2021  
             
Notes payable   $ -     $ 27,644  
Notes payable – related parties     235,107       235,107  
Convertible notes payable     19,990,000       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     (13,349 )     (68,925,172 )
Total Debt   $ 22,711,758     $ 46,987,579  
Schedule of Maturities of Long-term Debt

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

   

    Amount  
2022   $ 112,835  
2023     20,112,272  
2024     -  
2025     -  
2026     -  
Thereafter     2,500,000  
Long-term debt, Gross     22,725,107  
Less: debt discount     (13,349 )
Long-term debt   $ 22,711,758