Debt (Tables)
|
9 Months Ended |
12 Months Ended |
Sep. 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 September 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 | |
| 3,630,000 | |
| Debt
discount/issue costs - original issue discount | |
| (330,000 | ) |
| Debt
discount/issue costs - stock issuances | |
| (2,020,387 | ) |
| Amortization
of debt discount/issue costs | |
| 2,553,272 | |
| Default
penalty interest expense | |
| 4,317,500 | |
| Conversion
of debt - preferred stock | |
| (3,630,000 | ) |
| Conversion
of debt - common stock | |
| (9,322,500 | ) |
| Balance
- September 30, 2024 | |
$ | - | |
|
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 September 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 | | |
| Default
Conversion Rate | | |
Collateral | |
| September
30, 2024 | | |
| December
31, 2023 | |
| Note
#1 | |
April
19, 2023 | |
July
17, 2024 | |
| 100,000 | | |
A,
B | |
| 10.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
$ | - | | |
$ | 1,500,000 | |
| Note
#2 | |
September
22, 2023 | |
July
17, 2024 | |
| 60,000 | | |
A,
B | |
| 10.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 600,000 | |
| Note
#3 | |
October
13, 2023 | |
July
17, 2024 | |
| 176,000 | | |
A,
B | |
| 0.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 320,000 | |
| Note
#4 | |
July
5, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 440,000 | |
| Note
#5 | |
August
2, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 440,000 | |
| Note
#6 | |
August
23, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 110,000 | |
| Note
#7 | |
August
30, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 165,000 | |
| Note
#8 | |
September
6, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 220,000 | |
| Note
#9 | |
September
13, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 110,000 | |
| Note
#10 | |
November
3, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 165,000 | |
| Note
#11 | |
November
21, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 220,000 | |
| Note
#12 | |
December
4, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 220,000 | |
| Note
#13 | |
December
13, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 165,000 | |
| Note
#14 | |
December
18, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 110,000 | |
| Note
#15 | |
December
20, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 55,000 | |
| Note
#16 | |
December
27, 2023 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| 165,000 | |
| Note
#17 | |
January
5, 2024 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#18 | |
January
16, 2024 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#19 | |
January
25, 2024 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#20 | |
February
7, 2024 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#21 | |
February
20, 2024 | |
August
16, 2024 | |
| - | | |
| |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#22 | |
February
28, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#23 | |
March
8, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#24 | |
March
15, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#25 | |
March
26, 2024 | |
August
16, 2024 | |
| 13,889 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#26 | |
April
2, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#27 | |
April
8, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#28 | |
April
22, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#29 | |
May
8, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#30 | |
May
15, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#31 | |
May
20, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#32 | |
May
28, 2024 | |
August
16, 2024 | |
| 13,889 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#33 | |
June
10, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#34 | |
June
28, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#35 | |
July
5, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#36 | |
July
10, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#37 | |
July
22, 2024 | |
August
16, 2024 | |
| 20,800 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#38 | |
August
6, 2024 | |
August
16, 2024 | |
| 53,500 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| Note
#39 | |
August
14, 2024 | |
August
16, 2024 | |
| 53,500 | | |
C | |
| 8.00 | % | |
| 18.00 | % | |
| 150.00 | % | |
All
assets | |
| - | | |
| - | |
| | |
| |
| |
| | | |
| |
| | | |
| | | |
| | | |
| |
| - | | |
| 5,005,000 | |
| | |
| |
| |
| | | |
| |
| | | |
| Less:
unamortized debt discount | |
| - | | |
| 202,885 | |
| | |
| |
| |
| | | |
| |
| | | |
| | | |
| | | |
| |
$ | - | | |
$ | 4,802,115 | |
EZFILL
HOLDINGS, INC. AND SUBSIDIARY
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER
30, 2024
| A |
See
discussion below regarding global amendment for Notes #1, #2 and #3. |
| 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 (425,978) 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 Debt Extinguishment |
The
fair value of the Series A, preferred stock and related loss on debt extinguishment at the conversion date was based on the
as-converted basis, calculated as follows:
Schedule
Of Debt Extinguishment
| | |
| | |
| Market price per share of common stock - on date of issuance | |
$ | 2.76 | |
| Discount to market price on date of issuance | |
| 80 | % |
| Conversion price per share | |
$ | 2.21 | |
| | |
| | |
| Series A, preferred stock - stated value per share | |
$ | 10.00 | |
| Conversion price per share | |
$ | 2.21 | |
| Number of shares of common stock - for each share of Series A, preferred stock held | |
| 4.53 | |
| | |
| | |
| Series A, preferred shares issued | |
| 363,000 | |
| Number of shares of common stock - for each share of Series A, preferred stock held | |
| 4.53 | |
| Equivalent common shares | |
| 1,644,022 | |
| | |
| | |
| Market price per share of common stock - on date of issuance | |
$ | 2.76 | |
| | |
| | |
| As converted valuation of Series A, preferred stock | |
$ | 4,537,500 | |
| Debt converted in exchange for Series A, preferred stock | |
| 3,630,000 | |
| Loss on debt extinguishment - related party | |
$ | 907,500 | |
|
|
| 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 | | |
Vehicle
Notes Payable | | |
Total | |
| | |
| | |
| | |
| |
| 2024
(3 Months) | |
$ | - | | |
$ | 206,094 | | |
$ | 206,094 | |
| Remainder
of year one | |
$ | - | | |
$ | 206,094 | | |
$ | 206,094 | |
| 2025 | |
| 165,769 | | |
| 279,162 | | |
| 444,931 | |
| 2026 | |
| - | | |
| 55,810 | | |
| 55,810 | |
| 2027 | |
| - | | |
| 18,499 | | |
| 18,499 | |
| 2027 | |
| | | |
| | | |
| | |
| Total | |
$ | 165,769 | | |
$ | 559,565 | | |
$ | 725,334 | |
|
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 | |
| Year one | |
$ | 4,802,115 | | |
$ | 126,440 | | |
$ | 819,788 | | |
$ | 5,748,343 | |
| 2025 | |
| - | | |
| - | | |
| 282,212 | | |
| 282,212 | |
| 2026 | |
| - | | |
| - | | |
| 55,827 | | |
| 55,827 | |
| Year three | |
| - | | |
| - | | |
| 55,827 | | |
| 55,827 | |
| 2027 | |
| - | | |
| - | | |
| 15,451 | | |
| 15,451 | |
| Year four | |
| - | | |
| - | | |
| 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 September 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 |
| |
September
30, 2024 | | |
December
31, 2023 | |
| Note
#1 | |
January
19, 2024 | |
May
24, 2024 | |
| |
| 0.00 | % | |
Unsecured |
A | |
$ | 3,700,000 | | |
$ | - | |
| Note
#2 | |
January
19, 2024 | |
August
19, 2024 | |
Included
in repayments | |
| 0.00 | % | |
All
assets |
B | |
| - | | |
| - | |
| Note
#3 | |
January
19, 2024 | |
August
19, 2024 | |
Included
in repayments | |
| 0.00 | % | |
All
assets |
C | |
| - | | |
| - | |
| Note
#4 | |
August
16, 2024 | |
February
28, 2025 | |
Included
in repayments | |
| 0.00 | % | |
All
assets |
D | |
| 1,433,438 | | |
| | |
| Note
#5 | |
August
16, 2024 | |
February
28, 2025 | |
Included
in repayments | |
| 0.00 | % | |
All
assets |
D | |
| 1,498,594 | | |
| | |
| | |
| |
| |
| |
| | | |
|
| |
| 6,632,031 | | |
| - | |
| | |
| |
| |
| |
| Less: unamortized debt discount |
| |
| 902,590 | | |
| - | |
| | |
| |
| |
| |
| | | |
|
| |
$ | 5,729,442 | | |
$ | - | |
| 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. This merchant cash advances were fully paid as of September 30, 2024. |
| 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. This merchant cash advances were fully paid as of September 30, 2024. |
| D | | – The
Company executed two (2) note payable (merchant cash advance) each with a face amount of $1,824,375 and received net proceeds of $1,250,000.
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 $62,500 per week over a term of 28 weeks. |
NEXTNRG
HOLDING CORP AND SUBSIDIARIES
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
September
30, 2024
(UNAUDITED)
|
|
| Schedule of Detailed Company’s Notes Payable |
The
following is a detail of the Company’s notes payable – related party at September 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 | | |
September
30, 2024 | | |
December
31, 2023 | |
| Note
#1 | |
January
1, 2020 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
|
None |
A | |
| - | | |
Unsecured | | |
| - | | |
$ | 8,600 | |
| Note
#2 | |
January
3, 2020 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
|
None |
A | |
| - | | |
Unsecured | | |
| - | | |
| 30 | |
| Note
#3 | |
March
4, 2020 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
|
None |
A | |
| - | | |
Unsecured | | |
| - | | |
| 20 | |
| Note
#4 | |
May
18, 2020 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
|
None |
A | |
| - | | |
Unsecured | | |
| - | | |
| 25 | |
| Note
#5 | |
June
24, 2020 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
|
None |
A | |
| - | | |
Unsecured | | |
| - | | |
| 25 | |
| Note
#6 | |
August
31, 2020 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
|
None |
A | |
| - | | |
Unsecured | | |
| - | | |
| 100 | |
| Note
#7 | |
March
1, 2021 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
|
None |
A | |
| - | | |
Unsecured | | |
| - | | |
| 100 | |
| Note
#8 | |
April
19, 2021 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
|
None |
A | |
| - | | |
Unsecured | | |
| - | | |
| 250 | |
| Note
#9 | |
September
3, 2021 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
|
None |
A | |
| - | | |
Unsecured | | |
| - | | |
| 500 | |
| Note
#10 | |
September
9, 2021 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
|
None |
A | |
| - | | |
Unsecured | | |
| - | | |
| 25,000 | |
| Note
#11 | |
May
4, 2023 | |
August
31, 2024 | |
| 10.00 | % | |
| 0.00 | % | |
|
None |
A | |
| - | | |
Unsecured | | |
| - | | |
| 15,000 | |
| Note
#12 | |
May
30, 2023 | |
August
31, 2024 | |
| 18.00 | % | |
| 0.00 | % | |
|
None |
B | |
| - | | |
Unsecured | | |
| - | | |
| 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 | | |
| - | |
| Note
#63 | |
July
5, 2024 | |
July
5, 2025 | |
| 18.00 | % | |
| 0.00 | % | |
|
20,800 |
C | |
| 122,200 | | |
Unsecured | | |
| 300,000 | | |
| | |
| Note
#64 | |
July
10, 2024 | |
July
10, 2025 | |
| 18.00 | % | |
| 0.00 | % | |
|
20,800 |
C | |
| 96,200 | | |
Unsecured | | |
| 150,000 | | |
| | |
| Note
#65 | |
July
11, 2024 | |
July
11, 2025 | |
| 18.00 | % | |
| 0.00 | % | |
|
None |
| |
| | | |
Unsecured | | |
| 175,000 | | |
| | |
| Note
#66 | |
July
18, 2024 | |
July
18, 2025 | |
| 18.00 | % | |
| 0.00 | % | |
|
20,800 |
C | |
| 97,760 | | |
Unsecured | | |
| 440,000 | | |
| | |
| Note
#67 | |
July
25, 2024 | |
July
25, 2025 | |
| 18.00 | % | |
| 0.00 | % | |
|
None |
| |
| | | |
Unsecured | | |
| 185,000 | | |
| | |
| Note
#68 | |
August
1, 2024 | |
August
1, 2025 | |
| 18.00 | % | |
| 0.00 | % | |
|
53,500 |
C | |
| 150,068 | | |
Unsecured | | |
| 300,000 | | |
| | |
| Note
#69 | |
August
19, 2024 | |
August
19, 2025 | |
| 18.00 | % | |
| 0.00 | % | |
|
53,500 |
C | |
| 155,150 | | |
Unsecured | | |
| 265,000 | | |
| | |
| Note
#70 | |
August
26, 2024 | |
August
26, 2025 | |
| 18.00 | % | |
| 0.00 | % | |
|
None |
| |
| | | |
Unsecured | | |
| 35,000 | | |
| | |
| Note
#71 | |
September
23, 2024 | |
September
23, 2025 | |
| 18.00 | % | |
| 0.00 | % | |
|
None |
| |
| | | |
Unsecured | | |
| 150,000 | | |
| | |
| Note
#72 | |
September
26, 2024 | |
September
26, 2025 | |
| 18.00 | % | |
| 0.00 | % | |
|
None |
| |
| | | |
Unsecured | | |
| 150,000 | | |
| | |
| | |
| |
| |
| | | |
| | | |
|
|
| |
| | | |
| | |
| | | |
| | |
| | |
| |
| |
| | | |
| | | |
|
425,978 |
| |
$ | 2,025,604 | | |
| | |
$ | 10,648,000 | | |
$ | 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. |
| 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 September 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 | |
| 6,928,000 | | |
| 11,076,250 | | |
| 18,004,250 | |
| Repayments | |
| (149,650 | ) | |
| (4,444,219 | ) | |
| (4,593,869 | ) |
| Debt
discount | |
| - | | |
| (2,113,215 | ) | |
| (2,113,215 | ) |
| Amortization
of debt discount | |
| - | | |
| 1,210,625 | | |
| 1,210,625 | |
| Balance
- September 30, 2024 | |
$ | 10,648,000 | | |
$ | 5,729,442 | | |
$ | 16,377,442 | |
|
|
| 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 September 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 | | |
| 9,050 | | |
| 24,571 | |
| Repayments | |
| (141,961 | ) | |
| (93,281 | ) | |
| (235,242 | ) |
| Balance
- September 30, 2024 | |
$ | - | | |
$ | 165,769 | | |
$ | 165,769 | |
|
|
| Schedule of Detailed Company’s Notes Payable |
The
following is a detail of the Company’s note payable (non-vehicles) at September 30, 2024 and December 31, 2023, respectively:
Schedule
of Detailed Company’s Notes Payable
| Note
Payable |
| Issue
Date | |
Maturity
Date | |
Date
Repaid | |
Collateral | |
September
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 | |
| 184,219 | | |
| - | |
| | |
| |
| |
Less:
unamortized debt discount | |
| 18,450 | | |
| 15,521 | |
| | |
| |
| |
| |
$ | 165,769 | | |
$ | 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 September 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 | |
| (613,713 | ) |
| Balance
- September 30, 2024 | |
$ | 559,565 | |
|
|
| Schedule of Detailed Company’s Notes Payable |
The
following is a detail of the Company’s notes payable for its vehicles at September 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 | |
September
30, 2024 | | |
December
31, 2023 | |
| January
15, 2021 | |
November
15, 2025 | |
| 11.00 | % | |
N/A | |
This
vehicle | |
$ | 17,964 | | |
$ | 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 | |
| 9,573 | | |
| 37,823 | |
| December
16, 2021 | |
December
18, 2024 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 9,371 | | |
| 37,023 | |
| January
11, 2022 | |
January
25, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 12,743 | | |
| 40,911 | |
| January
11, 2022 | |
January
25, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 12,743 | | |
| 40,911 | |
| January
11, 2022 | |
January
25, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 12,743 | | |
| 40,911 | |
| January
11, 2022 | |
January
25, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 12,743 | | |
| 40,911 | |
| February
8, 2022 | |
February
10, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 15,567 | | |
| 43,046 | |
| February
8, 2022 | |
February
10, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 15,567 | | |
| 43,046 | |
| February
8, 2022 | |
February
10, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 15,890 | | |
| 43,944 | |
| February
8, 2022 | |
February
10, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 15,566 | | |
| 43,045 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 22,235 | | |
| 50,157 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 22,235 | | |
| 50,157 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 23,235 | | |
| 51,157 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 22,547 | | |
| 50,862 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 22,573 | | |
| 50,925 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 22,573 | | |
| 50,925 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 22,573 | | |
| 50,925 | |
| April
5, 2022 | |
April
20, 2025 | |
| 3.50 | % | |
N/A | |
This
vehicle | |
| 22,573 | | |
| 50,925 | |
| August
4, 2022 | |
August
18, 2025 | |
| 4.99 | % | |
N/A | |
This
vehicle | |
| 11,674 | | |
| 20,837 | |
| August
4, 2022 | |
August
18, 2025 | |
| 4.99 | % | |
N/A | |
This
vehicle | |
| 11,675 | | |
| 20,838 | |
| November
1, 2021 | |
November
11, 2025 | |
| 4.84 | % | |
N/A | |
This
vehicle | |
| 11,060 | | |
| 17,913 | |
| November
1, 2021 | |
November
11, 2025 | |
| 0.00 | % | |
N/A | |
This
vehicle | |
| 11,256 | | |
| 18,572 | |
| November
1, 2021 | |
November
11, 2025 | |
| 0.00 | % | |
N/A | |
This
vehicle | |
| 11,306 | | |
| 18,572 | |
| June
1, 2022 | |
May
23, 2026 | |
| 0.90 | % | |
N/A | |
This
vehicle | |
| 16,613 | | |
| 24,035 | |
| June
1, 2022 | |
May
23, 2026 | |
| 0.90 | % | |
N/A | |
This
vehicle | |
| 16,626 | | |
| 24,032 | |
| April
27, 2022 | |
May
10, 2027 | |
| 9.05 | % | |
N/A | |
This
vehicle | |
| 86,289 | | |
| 107,047 | |
| April
27, 2022 | |
May
1, 2026 | |
| 8.50 | % | |
N/A | |
This
vehicle | |
| 52,054 | | |
| 73,585 | |
| | |
| |
| | | |
| |
| |
| 559,565 | | |
| 1,173,278 | |
| | |
| |
| | | |
Less:
current portion | |
| 213,706 | | |
| 819,788 | |
| | |
| |
| | | |
Long
term portion | |
$ | 345,859 | | |
$ | 353,490 | |
|
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 | |
|