| SCHEDULE OF TRANCHES OF DEBT |
The
details of each of these seven tranches are summarized in the table below:
SCHEDULE
OF TRANCHES OF DEBT
| Description | |
Date | |
Face Amount | | |
OID | | |
Gross Proceeds | | |
Conversion Price | | |
Principal Payment Starting Date * | |
# of Warrants | | |
Exercise Price | | |
Expiration Date | |
Transaction Costs | |
| 1st Tranche | |
06/30/22 | |
| 14,025,000 | | |
| 10 | % | |
| 12,750,000 | | |
| 11,100.000 | | |
09/01/22 | |
| 91 | | |
| 12,210.000 | | |
12/31/25 | |
| 1,634,894 | |
| 2nd Tranche | |
01/17/23 | |
| 5,076,923 | | |
| 10 | % | |
| 4,615,385 | | |
| 6,200.000 | | |
07/01/23 | |
| 59 | | |
| 6,200.000 | | |
12/31/25 | |
| 325,962 | |
| 3rd Tranche | |
10/18/23 | |
| 2,750,000 | | |
| 10 | % | |
| 2,500,000 | | |
| 2,358.000 | | |
01/01/24 | |
| 689 | | |
| 2,358.000 | | |
04/18/27 | |
| 31,915 | |
| 4th Tranche | |
11/30/23 | |
| 2,750,000 | | |
| 10 | % | |
| 2,500,000 | | |
| 810.000 | | |
05/01/24 | |
| 2,207 | | |
| 810.000 | | |
05/30/27 | |
| 30,040 | |
| 5th Tranche | |
02/21/24 | |
| 1,100,000 | | |
| 10 | % | |
| 1,000,000 | | |
| 192.600 | | |
08/01/24 | |
| 3,712 | | |
| 211.860 | | |
08/21/27 | |
| 50,000 | |
| 6th Tranche | |
04/11/24 | |
| 550,000 | | |
| 10 | % | |
| 500,000 | | |
| 146.700 | | |
10/01/24 | |
| 2,437 | | |
| 162.000 | | |
10/11/27 | |
| 31,309 | |
| 7th Tranche | |
05/22/24 | |
| 833,000 | | |
| 10 | % | |
| 750,000 | | |
| 90.000 | | |
11/01/24 | |
| 6,016 | | |
| 11.000 | | |
11/22/27 | |
| 3,154 | |
The
details of each of these five tranches are summarized in the table below:
| Description | |
Date | |
Face Amount | | |
OID | | |
Gross Proceeds | | |
Conversion Price | | |
Principal Payment Starting Date * | |
# of Warrants | | |
Exercise Price | | |
Expiration Date | |
Transaction Costs | |
| Jan-25 Tranche | |
01/16/25 | |
| 7,700,000 | | |
| 10 | % | |
| 7,000,000 | | |
| 23.580 | | |
04/01/25 | |
| 212,256 | | |
| 25.938 | | |
07/16/28 | |
| 290,000 | |
| Mar-25 Tranche | |
03/21/25 | |
| 1,320,000 | | |
| 10 | % | |
| 1,188,000 | | |
| 1.990 | | |
07/01/25 | |
| 47,906 | | |
| 17.910 | | |
09/21/28 | |
| - | |
| May-25 Tranche | |
05/21/25 | |
| 110,000 | | |
| 10 | % | |
| 100,000 | | |
| 17.910 | | |
09/01/25 | |
| 4,889 | | |
| 17.910 | | |
11/21/28 | |
| - | |
| Jul-25 Tranche | |
07/21/25 | |
| 833,334 | | |
| 10 | % | |
| 750,000 | | |
| 0.749 | | |
10/21/25 | |
| 723,189 | | |
| 0.749 | | |
01/21/29 | |
| - | |
| Sep-25 Tranche | |
09/25/25 | |
| 550,000 | | |
| 10 | % | |
| 495,000 | | |
| 2.410 | | |
12/21/25 | |
| 148,340 | | |
| 2.650 | | |
09/25/29 | |
| - | |
|
| SCHEDULE OF OUTSTANDING DEBENTURES |
The
following table summarizes our outstanding debentures as of the dates indicated:
SCHEDULE
OF OUTSTANDING DEBENTURES
| Description | |
Maturity | |
Interest Rate | | |
September 30, 2025 | | |
December 31, 2024 | |
| Principal (First Tranche Debentures) | |
12/31/2024 | |
| 5.00% - 8.00 | % | |
| 25,000 | | |
| 25,000 | |
| Principal (Second Tranche Debentures) | |
07/17/2025 | |
| 5.00% - 8.00 | % | |
| 25,000 | | |
| 25,000 | |
| Principal (Fourth Tranche Debentures) | |
06/01/2026 | |
| 5.00% - 8.00 | % | |
| 7,767 | | |
| 1,485,714 | |
| Principal (April 2025 Note) | |
04/15/2026 | |
| 12.00 | % | |
| 290,000 | | |
| - | |
| Principal (May 2025 Tranche Debentures) | |
5/21/2026 | |
| 5.00 | % | |
| 110,000 | | |
| - | |
| Principal (July 2025 Tranche Debentures) | |
5/21/2026 | |
| 5.00 | % | |
| 833,333 | | |
| - | |
| Principal (September 2025 Tranche Debentures) | |
7/21/2026 | |
| 5.00 | % | |
| 550,000 | | |
| - | |
| Debentures (gross) | |
7/21/2026 | |
| 5.00 | % | |
| 550,000 | | |
| - | |
| Debt issuance costs and discounts | |
| |
| | | |
| (468,421 | ) | |
| (92,505 | ) |
| Total Debentures (current) | |
| |
| | | |
| 1,372,679 | | |
| 1,443,209 | |
|