| SCHEDULE OF CONVERTIBLE NOTES PAYABLE |
On
September 30, 2022 and 2021, the convertible notes payable consisted of the following:
SCHEDULE
OF CONVERTIBLE NOTES PAYABLE
| | |
September
30, 2022 | | |
September
30, 2021 | |
| Principal amount | |
$ | 2,475,000 | | |
$ | — | |
| Less:
debt discount | |
| (2,028,719 | ) | |
| — | |
| Convertible
notes payable, net | |
$ | 446,281 | | |
$ | — | |
| | |
| | | |
| | |
| Principal amount – related
parties | |
$ | 4,150,000 | | |
$ | 1,000,000 | |
| Less:
debt discount – related parties | |
| (1,844,186 | ) | |
| (935,019 | ) |
| Convertible notes payable
- related parties, net | |
| 2,305,814 | | |
| 64,981 | |
| Less:
current portion | |
| (1,000,000 | ) | |
| - | |
| Convertible
notes payable - related parties, net – long-term | |
$ | 1,305,814 | | |
$ | 64,981 | |
| | |
| | | |
| | |
| Total
convertible notes payable, net | |
$ | 2,752,095 | | |
$ | 64,981 | |
|