Quarterly report pursuant to Section 13 or 15(d)

DEBENTURES (Tables)

v3.23.3
DEBENTURES (Tables)
9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
SCHEDULE OF OUTSTANDING DEBENTURES

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

 

    Maturity   Cash
Interest Rate
    September 30,
2023
    December 31,
2022
 
Principal (First Tranche Debentures)   12/31/2024     5.00% - 8.00 %   $ 14,025,000     $ 14,025,000  
Principal (Second Tranche Debentures)   17/07/2025     5.00% - 8.00 %     5,076,923       -  
Repayments and conversions                 (8,431,581 )     (2,955,000 )
Debt issuance costs and discounts (Note 8 & 11)                 (6,000,398 )     (7,128,084 )
Total Debentures (current)               $ 4,669,944     $ 3,941,916