| Schedule of notes payable |
| | |
Outstanding Principal as of | | |
| | |
|
| | |
September 30, 2022 | | |
December 31, 2021 | | |
Interest Rate | | |
Maturity Date |
| Seller’s Choice Note | |
$ | - | | |
$ | 660,000 | | |
| 30 | % | |
September 2020 |
| The April 2020 PPP Loan Agreement | |
| 198,577 | | |
| 198,577 | | |
| 1 | % | |
May 2022 |
| The First December 2021 Loan Agreement | |
| 47,990 | | |
| 185,655 | | |
| 10 | % | |
June 2023 |
| The Second December 2021 Loan Agreement | |
| - | | |
| 313,979 | | |
| 14 | % | |
June 2022 |
| First Denver Bodega LLC Loan | |
| 44,008 | | |
| - | | |
| 5 | % | |
March 2025 |
| The Third May 2022 Loan Agreement | |
| 16,169 | | |
| - | | |
| - | % | |
November 2022 |
| The Fourth May 2022 Loan Agreement | |
| 30,558 | | |
| - | | |
| - | % | |
November 2022 |
| The First August 2022 Loan Agreement | |
| 129,634 | | |
| - | | |
| 14 | % | |
November 2022 |
| The Second August 2022 Loan Agreement | |
| 646,100 | | |
| - | | |
| - | % | |
January 2023 |
| The First September 2022 Loan Agreement | |
| 87,884 | | |
| - | | |
| - | % | |
September 2023 |
| The Second September 2022 Loan Agreement | |
| 848,625 | | |
| - | | |
| - | % | |
May 2023 |
| The Third September 2022 Loan Agreement | |
| 351,964 | | |
| - | | |
| - | % | |
April 2023 |
| | |
| 2,401,509 | | |
| 1,358,211 | | |
| | | |
|
| Less: Debt Discount | |
| (614,410 | ) | |
| (15,547 | ) | |
| | | |
|
| Less: Debt Issuance Costs | |
| - | | |
| - | | |
| | | |
|
| | |
| 1,787,099 | | |
| 1,342,664 | | |
| | | |
|
| Less: Current Debt | |
| (1,758,179 | ) | |
| (1,278,672 | ) | |
| | | |
|
| Total Long-Term Debt | |
$ | 28,920 | | |
$ | 63,992 | | |
| | | |
|
|
| |
|
Outstanding Principal as of |
|
|
|
|
|
|
| |
|
December 31,
2021 |
|
|
December 31,
2020 |
|
|
Interest
Rate |
|
|
Maturity
Date |
| Seller’s Choice Note |
|
$ |
660,000 |
|
|
$ |
660,000 |
|
|
|
30 |
% |
|
September 2020 |
| The May 2020 PPP Loan Agreement |
|
|
- |
|
|
|
412,500 |
|
|
|
1 |
% |
|
April 2022 |
| The April 2020 PPP Loan Agreement |
|
|
198,577 |
|
|
|
282,432 |
|
|
|
1 |
% |
|
May 2022 |
| The October 2020 Loan Agreement |
|
|
- |
|
|
|
55,928 |
|
|
|
14 |
% |
|
July 2021 |
| The November 2020 Loan Agreement |
|
|
- |
|
|
|
23,716 |
|
|
|
14 |
% |
|
May 2021 |
| The February 2021 Loan Agreement |
|
|
- |
|
|
|
- |
|
|
|
14 |
% |
|
July 2021 |
| The July 2021 Loan Agreement |
|
|
- |
|
|
|
- |
|
|
|
10 |
% |
|
October 2022 |
| The First December 2021 Loan Agreement |
|
|
185,655 |
|
|
|
- |
|
|
|
10 |
% |
|
June 2023 |
| The Second December 2021 Loan Agreement |
|
|
313,979 |
|
|
|
- |
|
|
|
14 |
% |
|
June 2022 |
| |
|
|
1,358,211 |
|
|
|
1,434,576 |
|
|
|
|
|
|
|
| Less: Debt Discount |
|
|
(15,547 |
) |
|
|
- |
|
|
|
|
|
|
|
| Less: Debt Issuance Costs |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
| |
|
|
1,342,664 |
|
|
|
1,434,576 |
|
|
|
|
|
|
|
| Less: Current Debt |
|
|
(1,278,672 |
) |
|
|
(1,221,539 |
) |
|
|
|
|
|
|
| Total Long-Term Debt |
|
$ |
63,992 |
|
|
$ |
213,037 |
|
|
|
|
|
|
|
|