Quarterly report pursuant to Section 13 or 15(d)

Loans Payable (Tables)

v3.22.2
Loans Payable (Tables)
6 Months Ended
Jun. 30, 2022
Loans Payable [Abstract]  
Schedule of loans payable activity
    Principal
Balance at
December 31,
2021
    Forgiveness     Principal
Repaid in
Cash
    Adjustment     Effect of
Foreign
Exchange
Rates
    Principal
Balance at
June 30,
2022
 
Paycheck Protection Program   $ 41,312     $
     -
    $ (41,312 )   $
  -
    $
-
    $
-
 
Bounce Back Loan Scheme     61,169      
-
      (5,810 )    
-
      (6,179 )     49,180  
First Assurance Funding     1,618,443      
-
      (962,641 )    
(14,042
) (1)    
-
      641,760  
Other loans payable     155,320      
-
     
-
     
(5,000
) (2)    
-
      150,320  
Total loans payable   $ 1,876,244     $
-
    $ (1,009,763 )   $ (19,042 )   $ (6,179 )   $ 841,260  
Less: loans payable - current portion     1,828,079                                       803,917  
Loans payable - noncurrent portion   $ 48,165                                     $ 37,343  

 

Schedule of related party loans payable
    Principal
Balance at
December 31,
2021
    Reclass
from Loans
Payable
    Effect of
Foreign
Exchange
Rates
    Principal
Balance at
June 30,
2022
 
Loans payable issued between                        
September 18, 2019 through November 4, 2020   $ 81,277     $ 5,000     $ (879 )   $ 85,398