Debt (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2024 |
Dec. 31, 2023 |
| Property, Plant and Equipment [Line Items] |
|
|
| Schedule of Company’s Notes Payable |
The
following is a summary of the Company’s notes payable – related parties at June 30, 2024 and December 31, 2023:
Summary
of Notes Payable
| Balance - December 31, 2022 | |
$ | - | |
| Face amount of note | |
| | |
| Advances | |
| 5,267,500 | |
| Debt discount/issue costs | |
| (1,608,900 | ) |
| Amortization of debt discount/issue costs | |
| 1,406,015 | |
| Repayments | |
| (262,500 | ) |
| Balance - December 31, 2023 | |
| 4,802,115 | |
| Advances | |
| 2,805,000 | |
| Debt discount/issue costs - original issue discount | |
| (255,000 | ) |
| Debt discount/issue costs - stock issuances | |
| (1,404,227 | ) |
| Amortization of debt discount/issue costs | |
| 1,567,825 | |
| Balance - June 30, 2024 | |
$ | 7,515,713 | |
|
The
following is a summary of the Company’s notes payable – related parties at December 31, 2023 and 2022:
Schedule
of Notes Payable Related Parties
| | |
| | |
| Balance
- December 31, 2022 | |
$ | - | |
| Advances | |
| 5,267,500 | |
| Debt
discount/issue costs | |
| (1,608,900 | ) |
| Amortization
of debt discount/issue costs | |
| 1,406,015 | |
| Repayments | |
| (262,500 | ) |
| Balance
- December 31, 2023 | |
$ | 4,802,115 | |
|
| Schedule of Detailed Company’s Notes Payable |
The
following is a detail of the Company’s notes payable – related parties at June 30, 2024 and December 31, 2023:
Schedule
of Detailed Company’s Notes Payable
| Notes Payable - Related Parties |
| Note Holder | |
Issue Date | |
Maturity Date | |
Shares Issued with Debt | | |
Interest Rate | | |
Default Interest Rate | | |
Collateral | |
June 30, 2024 | | |
December 31, 2023 | |
| Note #1 | |
April
19, 2023 | |
July
17, 2024 | |
| 100,000
| A, B | |
| 10.00 | % | |
| 18.00 | % | |
All
assets | |
$ | 1,500,000 | | |
$ | 1,500,000 | |
| Note #2 | |
September
22, 2023 | |
July
17, 2024 | |
| 60,000
| A, B | |
| 10.00 | % | |
| 18.00 | % | |
All
assets | |
| 600,000 | | |
| 600,000 | |
| Note #3 | |
October
13, 2023 | |
July
17, 2024 | |
| 176,000
| A, B | |
| 0.00 | % | |
| 18.00 | % | |
All
assets | |
| 320,000 | | |
| 320,000 | |
| Note #4 | |
July
5, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 440,000 | | |
| 440,000 | |
| Note #5 | |
August
2, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 440,000 | | |
| 440,000 | |
| Note #6 | |
August
23, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 110,000 | | |
| 110,000 | |
| Note #7 | |
August
30, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| 165,000 | |
| Note #8 | |
September
6, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 220,000 | | |
| 220,000 | |
| Note #9 | |
September
13, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 110,000 | | |
| 110,000 | |
| Note #10 | |
November
3, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| 165,000 | |
| Note #11 | |
November
21, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 220,000 | | |
| 220,000 | |
| Note #12 | |
December
4, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 220,000 | | |
| 220,000 | |
| Note #13 | |
December
13, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| 165,000 | |
| Note #14 | |
December
18, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 110,000 | | |
| 110,000 | |
| Note #15 | |
December
20, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 55,000 | | |
| 55,000 | |
| Note #16 | |
December
27, 2023 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| 165,000 | |
| Note #17 | |
January
5, 2024 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 110,000 | | |
| - | |
| Note #18 | |
January
16, 2024 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #19 | |
January
25, 2024 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #20 | |
February
7, 2024 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #21 | |
February
20, 2024 | |
August
31, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #22 | |
February
28, 2024 | |
August
31, 2024 | |
| 20,800
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #23 | |
March
8, 2024 | |
August
31, 2024 | |
| 20,800
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #24 | |
March
15, 2024 | |
August
31, 2024 | |
| 20,800
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #25 | |
March
26, 2024 | |
August
31, 2024 | |
| 13,889
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 110,000 | | |
| - | |
| Note #26 | |
April
2, 2024 | |
August
31, 2024 | |
| 20,800
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #27 | |
April
8, 2024 | |
August
31, 2024 | |
| 20,800
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #28 | |
April
22, 2024 | |
August
31, 2024 | |
| 20,800
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #29 | |
May
8, 2024 | |
August
31, 2024 | |
| 20,800
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #30 | |
May
15, 2024 | |
August
31, 2024 | |
| 20,800
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #31 | |
May
20, 2024 | |
August
31, 2024 | |
| 20,800
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #32 | |
May
28, 2024 | |
August
31, 2024 | |
| 13,889
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 110,000 | | |
| - | |
| Note #33 | |
June
10, 2024 | |
August
31, 2024 | |
| 20,800
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note #34 | |
June
28, 2024 | |
August
31, 2024 | |
| 20,800
| C | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| | |
| |
| |
| | | |
| | | |
| | | |
| |
| 7,810,000 | | |
| 5,005,000 | |
| | |
| |
| |
| | | |
| | | |
| | | |
Less: unamortized debt discount | |
| 294,287 | | |
| 202,885 | |
| | |
| |
| |
| | | |
| | | |
| | | |
| |
$ | 7,515,713 | | |
$ | 4,802,115 | |
| A |
See
discussion below regarding global amendment for Notes #1, #2 and #3. |
EZFILL
HOLDING, INC. AND SUBSIDIARY
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
JUNE
30, 2024
| B | See
discussion below regarding the limitation on the issuance of this lender due to a 9.99% equity
ownership blocker. |
| C | These
shares of common stock (256,578) were issued with the underlying original issue discount
notes and treated as additional debt discount. |
|
The
following is a detail of the Company’s notes payable – related parties at December 31, 2023 and 2022:
Schedule
of Company’s Notes Payable Related Parties
| Notes
Payable - Related Parties |
| Note
Holder | |
Issue
Date | |
Maturity
Date | |
Shares
Issued with Debt | | |
Interest
Rate | | |
Default
Interest Rate | | |
Collateral | |
December
31,
2023 | | |
December
31,
2022 | |
| Note
#1 | |
April
19, 2023 | |
April 19, 2024 | |
| 100,000 | | |
| 10.00 | % | |
| 18.00 | % | |
All
assets | |
$ | 1,500,000 | | |
$ | - | |
| Note
#2 | |
September
22, 2023 | |
April 19, 2024 | |
| 60,000 | | A |
| 10.00 | % | |
| 18.00 | % | |
All
assets | |
| 600,000 | | |
| - | |
| Note
#3 | |
October
13, 2023 | |
April 19, 2024 | |
| 104,000 | | B |
| 0.00 | % | |
| 18.00 | % | |
All
assets | |
| 320,000 | | |
| - | |
| Note
#4 | |
July
5, 2023 | |
January
5, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 440,000 | | |
| - | |
| Note
#5 | |
August
2, 2023 | |
February
2, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 440,000 | | |
| - | |
| Note
#6 | |
August
23, 2023 | |
February
23, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 110,000 | | |
| - | |
| Note
#7 | |
August
30, 2023 | |
February
29, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note
#8 | |
September
6, 2023 | |
January
6, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 220,000 | | |
| - | |
| Note
#9 | |
September
13, 2023 | |
January
13, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 110,000 | | |
| - | |
| Note
#10 | |
November
3, 2023 | |
January
3, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note
#11 | |
November
21, 2023 | |
January
21, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 220,000 | | |
| - | |
| Note
#12 | |
December
4, 2023 | |
February
4, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 220,000 | | |
| - | |
| Note
#13 | |
December
13, 2023 | |
February
13, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| Note
#14 | |
December
18, 2023 | |
February
18, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 110,000 | | |
| - | |
| Note
#15 | |
December
20, 2023 | |
February
20, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 55,000 | | |
| - | |
| Note
#16 | |
December
27, 2023 | |
February
27, 2024 | |
| - | | |
| 8.00 | % | |
| 18.00 | % | |
All
assets | |
| 165,000 | | |
| - | |
| | |
| |
| |
| | | |
| | | |
| | | |
| |
| 5,005,000 | | |
| - | |
| | |
| |
| |
| | | |
| | | |
Less:
unamortized debt discount | |
| 202,885 | | |
| - | |
| | |
| |
| |
| | | |
| | | |
| | | |
| |
$ | 4,802,115 | | |
$ | - | |
| A |
See discussion below regarding global amendment for Notes #2 and #3. |
| B |
See discussion below regarding the limitation on the issuance of this lender due to a 9.99% equity ownership blocker. |
|
| Schedule of Loss on Debt Extinguishment |
Schedule
of Loss on Debt Extinguishment
| | |
| | |
| Fair value of debt and common stock on extinguishment date* | |
$ | 1,791,000 | |
| Fair value of debt subject to modification | |
| 1,500,000 | |
| Loss on debt extinguishment - related party | |
$ | 291,000 | |
| * | | The
Company valued the issuance of the 60,000
commitment
shares at $291,000,
based upon the quoted closing trading price on the date of modification ($4.85/share). |
|
Schedule
of Loss on Debt Extinguishment
| | |
| | |
| Fair
value of debt and common stock on extinguishment date* | |
$ | 1,791,000 | |
| Fair
value of debt subject to modification | |
| 1,500,000 | |
| Loss
on debt extinguishment - related party | |
$ | 291,000 | |
| * | | The
Company valued the issuance of the 60,000 commitment shares at $291,000, based upon the quoted closing trading price on the date
of modification ($4.85/share). |
|
| Schedule of Maturities of Long Term Debt |
The
following represents the maturities of the Company’s various debt arrangements as noted above for each of the five (5) succeeding
years and thereafter as follows:
Schedule
of Maturities of Long Term Debt
| For the Year Ended December 31, | |
Notes
Payable - Related Parties | | |
Notes
Payable | | |
Vehicles | | |
Total | |
| | |
| | |
| | |
| | |
| |
| 2024 (6 Months) | |
$ | 7,810,000 | | |
$ | - | | |
$ | 412,232 | | |
$ | 8,222,232 | |
| 2025 | |
| - | | |
| 231,336 | | |
| 282,561 | | |
| 513,897 | |
| 2026 | |
| - | | |
| - | | |
| 55,837 | | |
| 55,837 | |
| 2027 | |
| - | | |
| - | | |
| 14,886 | | |
| 14,886 | |
| Total | |
$ | 7,810,000 | | |
$ | 231,336 | | |
$ | 765,516 | | |
$ | 8,806,852 | |
|
Schedule
of Maturities of Long Term Debt
| For
the Year Ended December 31, | |
Notes
Payable
- Related Parties | | |
Notes
Payable | | |
Vehicles | | |
Total | |
| | |
| | |
| | |
| | |
| |
| 2024 | |
$ | 4,802,115 | | |
$ | 126,440 | | |
$ | 819,788 | | |
$ | 5,748,343 | |
| 2025 | |
| - | | |
| - | | |
| 282,212 | | |
| 282,212 | |
| 2026 | |
| - | | |
| - | | |
| 55,827 | | |
| 55,827 | |
| 2027 | |
| - | | |
| - | | |
| 15,451 | | |
| 15,451 | |
| Total | |
$ | 4,802,115 | | |
$ | 126,440 | | |
$ | 1,173,278 | | |
$ | 6,101,833 | |
|
| Next NRG Holding Corp [Member] |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Schedule of Company’s Notes Payable |
The
following is a detail of the Company’s notes payable at June 30, 2024 and December 31, 2023, respectively:
Schedule
of Company’s Notes Payable
| Notes
Payable |
| Note
Holder | |
Issue
Date | |
Maturity
Date | |
Interest
Rate |
| |
Default
Interest Rate | | |
Collateral | |
| |
March
31, 2024 | | |
December
31, 2023 | |
| Note
#1 | |
January
19, 2024 | |
May
24, 2024 | |
|
7.00 |
% | |
| 0.00 | % | |
Unsecured | |
A | |
$ | 3,700,000 | | |
$ | - | |
| Note
#2 | |
January
19, 2024 | |
August
19, 2024 | |
|
Included
in repayments |
| |
| 0.00 | % | |
All
assets | |
B | |
| 266,250 | | |
| - | |
| Note
#3 | |
January
19, 2024 | |
August
19, 2024 | |
|
Included
in repayments |
| |
| 0.00 | % | |
All
assets | |
C | |
| 399,376 | | |
| - | |
| | |
| |
| |
|
|
| |
| | | |
| |
| |
| 4,365,626 | | |
| - | |
| | |
| |
| |
|
Less:
unamortized debt discount | |
| 263,036 | | |
| - | |
| | |
| |
| |
|
|
| |
| | | |
| |
| |
$ | 4,102,590 | | |
$ | - | |
| A | -
Represents amount of consideration owed in connection with the purchase of STAT. See Notes
1 and 6. |
| B | –
The
Company executed a note payable (merchant cash advance) with a face amount of $1,491,000 and received net proceeds of $1,000,000. The
$491,000 is considered a debt issuance cost and is being amortized over the life of the note to interest expense in the accompanying
consolidated statements of operations. Under the terms of the agreement, the lender will be repaid all principal and accrued interest
of $53,250 per week over a term of 28 weeks. |
| C | –
The
Company executed a note payable (merchant cash advance) with a face amount of $2,236,500 and received net proceeds of $1,500,000. The
$736,500 is considered a debt issuance cost and is being amortized over the life of the note to interest expense in the accompanying
consolidated statements of operations. Under the terms of the agreement, the lender will be repaid all principal and accrued interest
of $79,875 per week over a term of 28 weeks. |
|
|
| Schedule of Detailed Company’s Notes Payable |
The
following is a detail of the Company’s notes payable – related party at June 30, 2024 and December 31, 2023, respectively:
Schedule
of Detailed Company’s Notes Payable
| Notes
Payable - Related Party |
| Note
Holder | |
Issue
Date | |
Maturity
Date | |
Interest
Rate | | |
Default
Interest Rate | | |
Marketable
Securities Received | |
| |
Fair
Value of
Securities Received | |
Collateral | |
June
30, 2024 | | |
December
31, 2023 | |
| Note
#1 | |
January
1, 2020 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
| None | |
A | |
| - | |
Unsecured | |
$ | 8,600 | | |
$ | 8,600 | |
| Note
#2 | |
January
3, 2020 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
| None | |
A | |
| - | |
Unsecured | |
| 30 | | |
| 30 | |
| Note
#3 | |
March
4, 2020 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
| None | |
A | |
| - | |
Unsecured | |
| 20 | | |
| 20 | |
| Note
#4 | |
May
18, 2020 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
| None | |
A | |
| - | |
Unsecured | |
| 25 | | |
| 25 | |
| Note
#5 | |
June
24, 2020 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
| None | |
A | |
| - | |
Unsecured | |
| 25 | | |
| 25 | |
| Note
#6 | |
August
31, 2020 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
| None | |
A | |
| - | |
Unsecured | |
| 100 | | |
| 100 | |
| Note
#7 | |
March
1, 2021 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
| None | |
A | |
| - | |
Unsecured | |
| 100 | | |
| 100 | |
| Note
#8 | |
April
19, 2021 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
| None | |
A | |
| - | |
Unsecured | |
| 250 | | |
| 250 | |
| Note
#9 | |
September
3, 2021 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
| None | |
A | |
| - | |
Unsecured | |
| 500 | | |
| 500 | |
| Note
#10 | |
September
9, 2021 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
| None | |
A | |
| - | |
Unsecured | |
| 25,000 | | |
| 25,000 | |
| Note
#11 | |
May
4, 2023 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
| None | |
A | |
| - | |
Unsecured | |
| 15,000 | | |
| 15,000 | |
| Note
#12 | |
May
30, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 100,000 | | |
| 100,000 | |
| Note
#13 | |
June
7, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 100,000 | | |
| 100,000 | |
| Note
#14 | |
June
29, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 10,000 | | |
| 10,000 | |
| Note
#15 | |
July
3, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 250,000 | | |
| 250,000 | |
| Note
#16 | |
July
5, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 200,000 | | |
| 200,000 | |
| Note
#17 | |
July
27, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 100,000 | | |
| 100,000 | |
| Note
#18 | |
August
2, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 100,000 | | |
| 100,000 | |
| Note
#19 | |
August
8, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 80,000 | | |
| 80,000 | |
| Note
#20 | |
August
15, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 200,000 | | |
| 200,000 | |
| Note
#21 | |
August
23, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 150,000 | | |
| 150,000 | |
| Note
#22 | |
August
30, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 170,000 | | |
| 170,000 | |
| Note
#23 | |
September
6, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 250,000 | | |
| 250,000 | |
| Note
#24 | |
September
8, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 1,000,000 | | |
| 1,000,000 | |
| Note
#25 | |
September
13, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 100,000 | | |
| 100,000 | |
| Note
#26 | |
September
22, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 75,000 | | |
| 75,000 | |
| Note
#27 | |
October
30, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 10,000 | | |
| 10,000 | |
| Note
#28 | |
November
2, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 50,000 | | |
| 50,000 | |
| Note
#29 | |
November
3, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 150,000 | | |
| 150,000 | |
| Note
#30 | |
November
8, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 250,000 | | |
| 250,000 | |
| Note
#31 | |
November
15, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 75,000 | | |
| 75,000 | |
| Note
#32 | |
November
21, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 200,000 | | |
| 200,000 | |
| Note
#33 | |
December
5, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
B | |
| - | |
Unsecured | |
| 200,000 | | |
| 200,000 | |
| Note
#34 | |
February
21, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 45,000 | | |
| - | |
| Note
#35 | |
February
28, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 20,800 | |
C | |
| 100,360 | |
Unsecured | |
| 300,000 | | |
| - | |
| Note
#36 | |
March
4, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 50,000 | | |
| - | |
| Note
#37 | |
March
7, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 100,000 | | |
| - | |
| Note
#38 | |
March
8, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 20,800 | |
C | |
| 95,680 | |
Unsecured | |
| 185,000 | | |
| - | |
| Note
#39 | |
March
14, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 150,000 | | |
| - | |
| Note
#40 | |
March
15, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 20,800 | |
C | |
| 91,520 | |
Unsecured | |
| 150,000 | | |
| - | |
| Note
#41 | |
March
25, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 150,000 | | |
| - | |
| Note
#42 | |
March
26, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 13,889 | |
C | |
| 58,333 | |
Unsecured | |
| 100,000 | | |
| - | |
| Note
#43 | |
March
27, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 135,000 | | |
| - | |
| Note
#45 | |
April
2, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 20,800 | |
C | |
| 108,680 | |
Unsecured | |
| 150,000 | | |
| - | |
| Note
#46 | |
April
4, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 135,000 | | |
| - | |
| Note
#47 | |
April
8, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 20,800 | |
C | |
| 132,080 | |
Unsecured | |
| 150,000 | | |
| - | |
| Note
#48 | |
April
11, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 145,000 | | |
| - | |
| Note
#49 | |
April
18, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 150,000 | | |
| - | |
| Note
#50 | |
April
22, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 20,800 | |
C | |
| 120,640 | |
Unsecured | |
| 175,000 | | |
| - | |
| Note
#51 | |
April
25, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 115,000 | | |
| - | |
| Note
#52 | |
May
2, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 200,000 | | |
| - | |
| Note
#53 | |
May
8, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 20,800 | |
C | |
| 147,680 | |
Unsecured | |
| 300,000 | | |
| - | |
| Note
#54 | |
May
15, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 20,800 | |
C | |
| 130,520 | |
Unsecured | |
| 300,000 | | |
| - | |
| Note
#55 | |
May
20, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 20,800 | |
C | |
| 130,000 | |
Unsecured | |
| 175,000 | | |
| - | |
| Note
#56 | |
May
23, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 175,000 | | |
| - | |
| Note
#57 | |
May
28, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 13,889 | |
C | |
| 84,374 | |
Unsecured | |
| 300,000 | | |
| - | |
| Note
#58 | |
June
5, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 180,000 | | |
| - | |
| Note
#59 | |
June
10, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 20,800 | |
C | |
| 104,520 | |
Unsecured | |
| 280,000 | | |
| - | |
| Note
#60 | |
June
13, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 50,000 | | |
| - | |
| Note
#61 | |
June
20, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| None | |
| |
| - | |
Unsecured | |
| 283,000 | | |
| - | |
| Note
#62 | |
June
27, 2024 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
| 20,800 | |
C | |
| 99,839 | |
Unsecured | |
| 150,000 | | |
| - | |
| | |
| |
| |
| | | |
| | | |
| 256,578 | |
| |
$ | 1,404,226 | |
| |
$ | 8,647,650 | | |
$ | 3,869,650 | |
| A | –
These
notes have a stated interest rate of 4-5%. The Company has recorded an additional 5-6% of imputed interest (10% in total) to reflect
the market rate for this type of debt. |
NEXTNRG
HOLDING CORP AND SUBSIDIARIES
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
JUNE
30, 2024
(UNAUDITED)
| B | –
Prior
to January 1, 2024, these notes had a stated interest rate of 4%-5%. The Company had recorded an additional 5%-6% of imputed interest
(10% total) to reflect the market rate for this type of debt. Effective January 1, 2024, these notes were amended to reflect an interest
rate of 18%, as a result, the Company no longer imputes interest on these notes. There were no other changes to the terms of these notes. |
| C | -
These
shares have been recorded at fair value on the consolidated balance sheets. These represent shares held in EZFL (marketable securities
– related party – see note 3) in connection with advances made to EZFL. |
|
|
| Next NRG Holding Corp [Member] | Related Party [Member] |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Schedule of Company’s Notes Payable |
The
following represents a summary of the Company’s debt (notes payable – related party and notes payable), key terms and outstanding
balances at June 30, 2024 and December 31, 2023, respectively:
Schedule
of Notes Payable Related Parties
| | |
Notes
Payable - Related Party | | |
Notes
Payable | | |
Total | |
| Balance
- December 31, 2022 | |
$ | 34,650 | | |
$ | - | | |
$ | 34,650 | |
| Proceeds | |
| 3,835,000 | | |
| - | | |
| 3,835,000 | |
| Balance
- December 31, 2023 | |
| 3,869,650 | | |
| - | | |
| 3,869,650 | |
| Proceeds | |
| 4,778,000 | | |
| 7,427,500 | | |
| 12,205,500 | |
| Repayments | |
| - | | |
| (3,061,875 | ) | |
| (3,061,875 | ) |
| Debt
discount | |
| - | | |
| (1,227,500 | ) | |
| (1,227,500 | ) |
| Amortization
of debt discount | |
| - | | |
| 964,465 | | |
| 964,465 | |
| Balance
- June 30, 2024 | |
$ | 8,647,650 | | |
$ | 4,102,590 | | |
$ | 12,750,240 | |
|
|
| Non Vehicles [Member] |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Schedule of Company’s Notes Payable |
The
following is a summary of the Company’s note payable (non-vehicles) at June 30, 2024 and December 31, 2023, respectively:
Summary
of Notes Payable
| | |
Loan #1 | | |
Loan #2 | | |
Total | |
| Balance - December 31, 2022 | |
$ | - | | |
$ | - | | |
$ | - | |
| Face amount of note | |
| 275,250 | | |
| - | | |
| 275,250 | |
| Debt discount | |
| (25,250 | ) | |
| - | | |
| (25,250 | ) |
| Amortization of debt discount | |
| 9,729 | | |
| - | | |
| 9,729 | |
| Repayments | |
| (133,289 | ) | |
| - | | |
| (133,289 | ) |
| Balance - December 31, 2023 | |
| 126,440 | | |
| - | | |
| 126,440 | |
| Face amount of note | |
| - | | |
| 277,500 | | |
| 277,500 | |
| Debt discount | |
| - | | |
| (27,500 | ) | |
| (27,500 | ) |
| Amortization of debt discount | |
| 15,521 | | |
| 4,524 | | |
| 20,045 | |
| Repayments | |
| (141,961 | ) | |
| (46,164 | ) | |
| (188,125 | ) |
| Balance - June 30, 2024 | |
$ | - | | |
$ | 208,360 | | |
$ | 208,360 | |
|
|
| Schedule of Detailed Company’s Notes Payable |
The
following is a detail of the Company’s note payable (non-vehicles) at June 30, 2024 and December 31, 2023, respectively:
Schedule
of Detailed Company’s Notes Payable
| Note Payable |
| Issue Date | |
Maturity Date | |
Date Repaid | |
Collateral | |
June 30, 2024 | | |
December 31, 2023 | |
| April
16, 2023 | |
December
12, 2024 | |
April
24, 2024 | |
All
assets | |
$ | - | | |
$ | 141,961 | |
| April
24, 2024 | |
October
21, 2025 | |
N/A | |
All
assets | |
| 231,336 | | |
| - | |
| | |
| |
| |
Less: unamortized debt discount | |
| 22,976 | | |
| 15,521 | |
| | |
| |
| |
| |
$ | 208,360 | | |
$ | 126,440 | |
|
The
following is a summary of the Company’s note payable (non-vehicles) at December 31, 2023 and 2022, respectively:
Schedule
of Notes Payable Non - Vehicles
| | |
| | |
| Balance
- December 31, 2022 | |
$ | - | |
| Face
amount of note | |
| 275,250 | |
| Debt
discount | |
| (25,250 | ) |
| Amortization
of debt discount | |
| 9,729 | |
| Repayments | |
| (133,289 | ) |
| Balance
- December 31, 2023 | |
$ | 126,440 | |
The
following is a detail of the Company’s note payable (non-vehicles) at December 31, 2023 and 2022, respectively:
| |
Notes
Payable |
| |
Issue
Date | |
Maturity
Date | |
Interest
Rate | |
Default
Interest Rate | |
Collateral | |
December
31,
2023 | | |
December
31,
2022 | |
| |
April
16, 2023 | |
December
12, 2024 | |
* | |
N/A | |
All
assets | |
$ | 141,961 | | |
$ | - | |
| |
| |
| |
| |
| |
| |
| | | |
| | |
| *
|
initially 6.5%, however, subject to change at each reporting period. | |
Less:
unamortized debt discount | |
| 15,521 | | |
| - | |
| |
| |
| |
| |
| |
| |
$ | 126,440 | | |
$ | - | |
|
| Vehicles [Member] |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Schedule of Company’s Notes Payable |
The
following is a summary of the Company’s notes payable for its vehicles at June 30, 2024 and December 31, 2023, respectively:
Summary
of Notes Payable
| | |
| | |
| Balance - December 31, 2022 | |
$ | 2,009,896 | |
| Repayments | |
| (836,618 | ) |
| Balance - December 31, 2023 | |
$ | 1,173,278 | |
| Repayments | |
| (407,762 | ) |
| Balance - June 30, 2024 | |
$ | 765,516 | |
|
|
| Schedule of Detailed Company’s Notes Payable |
The
following is a detail of the Company’s notes payable for its vehicles at June 30, 2024 and December 31, 2023, respectively:
Schedule
of Detailed Company’s Notes Payable
| Notes Payable - Vehicles |
| Issue Date | |
Maturity Date | |
Interest Rate | | |
Default Interest Rate | |
Collateral | |
June 30, 2024 | | |
December 31, 2023 | |
| January
15, 2021 | |
November
15, 2025 | |
| 11.00 | % | |
N/A | |
This
vehicle | |
$ | 21,527 | | |
$ | 28,370 | |
| April
9, 2019 | |
February
17, 2024 | |
| 4.90 | % | |
N/A | |
This
vehicle | |
| - | | |
| 1,873 | |
| December
15, 2021 | |
December
18, 2024 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 19,072 | | |
| 37,823 | |
| December
16, 2021 | |
December
18, 2024 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 18,669 | | |
| 37,023 | |
| January
11, 2022 | |
January
25, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 22,214 | | |
| 40,911 | |
| January
11, 2022 | |
January
25, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 22,214 | | |
| 40,911 | |
| January
11, 2022 | |
January
25, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 22,214 | | |
| 40,911 | |
| January
11, 2022 | |
January
25, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 22,214 | | |
| 40,911 | |
| February
8, 2022 | |
February
10, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 24,806 | | |
| 43,046 | |
| February
8, 2022 | |
February
10, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 24,807 | | |
| 43,046 | |
| February
8, 2022 | |
February
10, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 25,324 | | |
| 43,944 | |
| February
8, 2022 | |
February
10, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 24,806 | | |
| 43,045 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 31,623 | | |
| 50,157 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 31,623 | | |
| 50,157 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 32,623 | | |
| 51,157 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 32,067 | | |
| 50,862 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 32,107 | | |
| 50,925 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 32,107 | | |
| 50,925 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 32,107 | | |
| 50,925 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 32,106 | | |
| 50,925 | |
| August
4, 2022 | |
August
18, 2025 | |
| 4.99 | % | |
N/A | |
This
vehicle | |
| 14,766 | | |
| 20,837 | |
| August
4, 2022 | |
August
18, 2025 | |
| 4.99 | % | |
N/A | |
This
vehicle | |
| 14,766 | | |
| 20,838 | |
| November
1, 2021 | |
November
11, 2025 | |
| 4.84 | % | |
N/A | |
This
vehicle | |
| 13,396 | | |
| 17,913 | |
| November
1, 2021 | |
November
11, 2025 | |
| 0.00 | % | |
N/A | |
This
vehicle | |
| 13,678 | | |
| 18,572 | |
| November
1, 2021 | |
November
11, 2025 | |
| 0.00 | % | |
N/A | |
This
vehicle | |
| 13,728 | | |
| 18,572 | |
| June
1, 2022 | |
May
23, 2026 | |
| 0.90 | % | |
N/A | |
This
vehicle | |
| 19,097 | | |
| 24,035 | |
| June
1, 2022 | |
May
23, 2026 | |
| 0.90 | % | |
N/A | |
This
vehicle | |
| 19,110 | | |
| 24,032 | |
| April
27, 2022 | |
May
10, 2027 | |
| 9.05 | % | |
N/A | |
This
vehicle | |
| 93,364 | | |
| 107,047 | |
| April
27, 2022 | |
May
1, 2026 | |
| 8.50 | % | |
N/A | |
This
vehicle | |
| 59,381 | | |
| 73,585 | |
| | |
| |
| | | |
| |
| |
| 765,516 | | |
| 1,173,278 | |
| | |
| |
| | | |
Less: current portion | |
| 629,721 | | |
| 811,516 | |
| | |
| |
| | | |
Long term portion | |
$ | 135,795 | | |
$ | 361,762 | |
|
Schedule
of the Company’s Notes Payable for Vehicles
| Notes
Payable - Vehicles |
| Issue
Date | |
Maturity
Date | |
Interest
Rate | | |
Default
Interest Rate | |
Collateral | |
December
31,
2023 | | |
December
31,
2022 | |
| January
15, 2021 | |
November
15, 2025 | |
| 11.00 | % | |
N/A | |
This
vehicle | |
$ | 28,370 | | |
$ | 40,976 | |
| April
9, 2019 | |
December
12, 2023 | |
| 7.44 | % | |
N/A | |
This
vehicle | |
| - | | |
| 8,174 | |
| April
9, 2019 | |
December
12, 2023 | |
| 7.44 | % | |
N/A | |
This
vehicle | |
| - | | |
| 6,986 | |
| April
9, 2019 | |
February
17, 2024 | |
| 4.90 | % | |
N/A | |
This
vehicle | |
| 1,873 | | |
| 10,670 | |
| December
15, 2021 | |
December
18, 2024 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 37,823 | | |
| 74,357 | |
| December
16, 2021 | |
December
18, 2024 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 37,023 | | |
| 72,784 | |
| January
11, 2022 | |
January
25, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 40,911 | | |
| 83,505 | |
| January
11, 2022 | |
January
25, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 40,911 | | |
| 83,505 | |
| January
11, 2022 | |
January
25, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 40,911 | | |
| 83,505 | |
| January
11, 2022 | |
January
25, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 40,911 | | |
| 83,505 | |
| February
8, 2022 | |
February
10, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 43,046 | | |
| 78,585 | |
| February
8, 2022 | |
February
10, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 43,046 | | |
| 78,585 | |
| February
8, 2022 | |
February
10, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 43,944 | | |
| 80,226 | |
| February
8, 2022 | |
February
10, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 43,045 | | |
| 78,585 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 50,157 | | |
| 86,271 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 50,157 | | |
| 86,271 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 51,157 | | |
| 86,270 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 50,862 | | |
| 87,481 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 50,925 | | |
| 87,594 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 50,925 | | |
| 87,594 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 50,925 | | |
| 87,594 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 50,925 | | |
| 87,594 | |
| August
4, 2022 | |
August
18, 2025 | |
| 4.99 | % | |
N/A | |
This
vehicle | |
| 20,837 | | |
| 32,536 | |
| August
4, 2022 | |
August
18, 2025 | |
| 4.99 | % | |
N/A | |
This
vehicle | |
| 20,838 | | |
| 32,536 | |
| November
1, 2021 | |
November
11, 2025 | |
| 4.84 | % | |
N/A | |
This
vehicle | |
| 17,913 | | |
| 26,578 | |
| November
1, 2021 | |
November
11, 2025 | |
| 0.00 | % | |
N/A | |
This
vehicle | |
| 18,572 | | |
| 28,261 | |
| November
1, 2021 | |
November
11, 2025 | |
| 0.00 | % | |
N/A | |
This
vehicle | |
| 18,572 | | |
| 28,261 | |
| June
1, 2022 | |
May
23, 2026 | |
| 0.90 | % | |
N/A | |
This
vehicle | |
| 24,035 | | |
| 33,813 | |
| June
1, 2022 | |
May
23, 2026 | |
| 0.90 | % | |
N/A | |
This
vehicle | |
| 24,032 | | |
| 33,813 | |
| April
27, 2022 | |
May
10, 2027 | |
| 9.05 | % | |
N/A | |
This
vehicle | |
| 107,047 | | |
| 132,246 | |
| April
27, 2022 | |
May
1, 2026 | |
| 8.50 | % | |
N/A | |
This
vehicle | |
| 73,585 | | |
| 101,237 | |
| | |
| |
| | | |
| |
| |
| 1,173,278 | | |
| 2,009,896 | |
| | |
| |
| | | |
| |
| |
| | | |
| | |
| | |
| |
| | | |
| |
Less:
current portion | |
| 819,788 | | |
| 811,516 | |
| | |
| |
| | | |
| |
Long
term portion | |
$ | 353,490 | | |
$ | 1,198,380 | |
|
| Schedule of Notes Payable for Vehicles |
|
The
following is a summary of the Company’s notes payable for its vehicles at December 31, 2023 and 2022, respectively:
Schedule
of Notes Payable for Vehicles
| | |
| | |
| Balance
- December 31, 2021 | |
$ | 476,313 | |
| Acquisition
of vehicles in exchange for notes payable | |
| 2,166,643 | |
| Repayments | |
| (633,060 | ) |
| Balance
- December 31, 2022 | |
| 2,009,896 | |
| Repayments | |
| (836,618 | ) |
| Balance
- December 31, 2023 | |
$ | 1,173,278 | |
|