| Schedule of Loans Payable |
The following table summarizes
the activity of loans payable during the nine months ended September 30, 2024:
| |
|
Principal
balance at
December 31,
2023 |
|
|
Principal
additions |
|
|
Principal
repayments
in cash |
|
|
Cancellation |
|
|
Effects
of foreign
exchange
rates |
|
|
Principal
balance at
September 30,
2024 |
|
| Bounce Back Loan Scheme |
|
$ |
32,818 |
|
|
$ |
- |
|
|
$ |
(9,751 |
) |
|
$ |
- |
|
|
$ |
1,300 |
|
|
$ |
24,367 |
|
| First Insurance - 2023 |
|
|
785,150 |
|
|
|
- |
|
|
|
(523,434 |
) |
|
|
(261,716 |
) |
|
|
- |
|
|
|
- |
|
| First Insurance - 2024 |
|
|
- |
|
|
|
777,702 |
|
|
|
(472,671 |
) |
|
|
- |
|
|
|
- |
|
|
|
305,031 |
|
| Other loans payable |
|
|
236,092 |
|
|
|
- |
|
|
|
- |
|
|
|
(81,720 |
) |
|
|
(53 |
) |
|
|
154,319 |
|
| Total loans payable |
|
$ |
1,054,060 |
|
|
$ |
777,702 |
|
|
$ |
(1,005,856 |
) |
|
$ |
(343,436 |
) |
|
$ |
1,247 |
|
|
$ |
483,717 |
|
| Less: loans payable – current portion |
|
|
1,034,124 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
473,143 |
|
| Loans payable – noncurrent portion |
|
$ |
19,936 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
10,574 |
|
|