| 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 |
|
|