Annual report [Section 13 and 15(d), not S-K Item 405]

DEBENTURES (Tables)

v3.25.1
DEBENTURES (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
SCHEDULE OF OUTSTANDING DEBENTURES

The following table summarizes our outstanding debentures as of the dates indicated:

 

    Maturity   Cash
Interest Rate
   

December 31,

2024

   

December 31,

2023

 
Principal (First Tranche Debentures)   12/31/2024     5.00% - 8.00 %   $ 25,000     $ 3,029,676  
Principal (Second Tranche Debentures)   07/17/2025     5.00% - 8.00 %     25,000       2,940,461  
Principal (Third Tranche Debentures)   04/18/2026     5.00% - 8.00 %     -       2,750,000  
Principal (Fourth Tranche Debentures)   06/01/2026     5.00% - 8.00 %     1,485,714       2,750,000  
Principal (Fifth Tranche Debentures)   08/20/2026     5.00% - 8.00 %     -       -  
Debt issuance costs and discounts (Note 12 & 14)                 (92,505 )     (7,385,494 )
Total Debentures (current)               $ 1,443,209     $ 4,084,643