Annual report pursuant to Section 13 and 15(d)

DEBENTURES (Tables)

v3.24.1
DEBENTURES (Tables)
12 Months Ended
Dec. 31, 2023
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,
2023
    December 31,
2022
 
Principal (First Tranche Debentures)   12/31/2024     5.00% - 8.00 %   $ 3,029,676     $ 11,070,000  
Principal (Second Tranche Debentures)   07/17/2025     5.00% - 8.00 %     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 %     2,750,000       -  
Debt issuance costs and discounts (Note 11 & 13)                 (7,385,494 )     (7,128,084 )
Total Debentures (current)               $ 4,084,643     $ 3,941,916