Quarterly report pursuant to Section 13 or 15(d)

Loans Payable (Tables)

v3.23.2
Loans Payable (Tables)
6 Months Ended
Jun. 30, 2023
Loans Payable [Abstract]  
Schedule of loans payable activity The following table summarizes the activity of loans payable during the six months ended June 30, 2023:
    Principal balance at December 31, 2022     Principal repaid in
cash
    Effect of foreign exchange rates     Principal balance at June 30,
2023
 
                         
Bounce Back Loan   $ 43,129     $ (6,136 )   $ 1,994     $ 38,987  
First Insurance - 2022     1,060,890       (721,406 )    
-
      339,484  
Other loans payable     235,686      
-
      373       236,059  
Total loans payable   $ 1,339,705     $ (727,542 )   $ 2,367     $ 614,530  
Less: loans payable – current portion     1,308,516                       588,216  
Loans payable – noncurrent portion   $ 31,189                     $ 26,314