| Schedule of Loans Payable Activity |
The
following table summarizes the activity of loans payable during the nine months ended September 30, 2023:
| |
|
Principal
balance at
December 31,
2022 |
|
|
Principal
repaid in
cash |
|
|
Effect of
foreign
exchange
rates |
|
|
Principal
balance at
September 30,
2023 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Bounce Back Loan |
|
$ |
43,129 |
|
|
$ |
(9,155 |
) |
|
$ |
508 |
|
|
$ |
34,482 |
|
| First Insurance - 2022 |
|
|
1,060,890 |
|
|
|
(976,020 |
) |
|
|
- |
|
|
|
84,870 |
|
| Other loans payable |
|
|
235,686 |
|
|
|
- |
|
|
|
63 |
|
|
|
235,749 |
|
| Total loans payable |
|
$ |
1,339,705 |
|
|
$ |
(985,175 |
) |
|
$ |
571 |
|
|
$ |
355,101 |
|
| Less: loans payable – current portion |
|
|
1,308,516 |
|
|
|
|
|
|
|
|
|
|
|
332,885 |
|
| Loans payable – noncurrent portion |
|
$ |
31,189 |
|
|
|
|
|
|
|
|
|
|
$ |
22,216 |
|
|