| 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 |
|
|