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Schedule of Future Amortization of Loans Payable (Details) - USD ($)
Dec. 31, 2022
Dec. 12, 2022
[4]
Jun. 29, 2022
Dec. 31, 2021
May 19, 2021
Aug. 21, 2020
May 12, 2020
Sep. 30, 2019
Short-Term Debt [Line Items]                
2023 $ 66,486              
2024 75,304              
2025 62,649              
2026 6,007              
Total Loan Payments 210,446              
Current Portion of Loan Payable (66,486)     $ (50,402)        
Non-Current Portion of Loan Payable $ 143,960     $ 87,956        
Submersible SBA Loan [Member] | Paycheck Protection Program [Member]                
Short-Term Debt [Line Items]                
2023 [1]              
2024 [1]              
2025 [1]              
2026 [1]              
Total Loan Payments [1]              
Current Portion of Loan Payable [1]              
Non-Current Portion of Loan Payable [1]              
Marlin Capital Solutions [Member]                
Short-Term Debt [Line Items]                
2023 [2]              
2024 [2]              
2025 [2]              
2026 [2]              
Total Loan Payments [2]              
Current Portion of Loan Payable [2]              
Non-Current Portion of Loan Payable [2]              
Mercedes Benz [Member]                
Short-Term Debt [Line Items]                
2023 [3]           $ 11,168    
2024 [3]           11,168    
2025 [3]           8,687    
2026 [3]              
Total Loan Payments [3]           31,023    
Current Portion of Loan Payable [3]           (11,168)    
Non-Current Portion of Loan Payable [3]           $ 19,855    
Navitas Credit Corp [Member]                
Short-Term Debt [Line Items]                
2023   $ 18,851     $ 14,270 [5]      
2024   21,228     16,629 [5]      
2025   23,611     18,024 [5]      
2026       6,007 [5]      
Total Loan Payments   63,689     54,930 [5]      
Current Portion of Loan Payable   (18,851)     (14,270) [5]      
Non-Current Portion of Loan Payable   $ 44,838     40,660 [5]      
Paycheck Protection Program [Member]                
Short-Term Debt [Line Items]                
2023 [6]              
2024 [6]              
2025 [6]              
2026 [6]              
Total Loan Payments [6]              
Current Portion of Loan Payable [6]              
Non-Current Portion of Loan Payable [6]              
SSI [Member]                
Short-Term Debt [Line Items]                
2023 [7]     $ 22,197          
2024 [7]     26,279          
2025 [7]     12,328          
2026 [7]              
Total Loan Payments [7]     60,804          
Current Portion of Loan Payable [7]     (22,197)          
Non-Current Portion of Loan Payable [7]     $ 38,607          
[1] On May 12, 2020, SSI received an unsecured loan from City National Bank in the principal amount of $116,160 (the “Submersible SBA Loan”), under the CARES Act.
[2] On September 30, 2019, BLU3 financed the purchase of certain plastic molding equipment through Marlin Capital Solutions (“Marlin Capital”). The loan amount at inception was $96,725. The Company entered into an Equipment Finance Agreement with Marlin Capital pursuant to which it agreed to make 36 equal monthly installments of $3,143.80. The Equipment Finance Agreement contains customary events of default. The loan balance was $0 as of December 31, 2022 and $25,079 as of December 31, 2021.
[3] On August 21, 2020, the Company executed an installment sales contract with Mercedes Benz Coconut Creek for the purchase of a 2019 Mercedes Benz Sprinter delivery van. The installment agreement is for $55,841 with a zero interest rate payable over 60 months with a monthly payment of $931 and is personally guaranteed by Mr. Carmichael. The loan balance as of December 31, 2022 was $31,023 and $43,122 as of December 31, 2021.
[4] On December 12, 2022, BLU3 executed an equipment finance agreement to finance the purchase of certain plastic molding equipment through Navitas Credit Corp. (“Navitas”). The amount financed is $63,689 payable over 36 equal monthly installments of $2,083 (“Navitas 2”). The equipment finance agreement contains customary events of default. The loan balance as of December 31, 2022 was $63,689 and $0 as of December 31, 2021.
[5] On May 19, 2021, subsidiary BLU3, executed an equipment finance agreement to finance the purchase of certain plastic molding equipment through Navitas Credit Corp. (“Navitas”). The amount financed is $75,764 payable over 60 equal monthly installments of $1,611 (the “Navitas 1”). The equipment finance agreement contains customary events of default. The loan balance as of December 31, 2022 was $54,930 and $70,157 as of December 31, 2021.
[6] On May 12, 2020, we received an unsecured loan from South Atlantic Bank in the principal amount of $159,600 (the “SBA Loan”), under the Paycheck Protection Program (“PPP”), which was established under the recently enacted Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) administered by the U.S. Small Business Administration. The intent and purpose of the PPP is to support companies, during the COVID-19 pandemic, by providing funds for certain specified business expenses, with a focus on payroll. As a qualifying business as defined by the SBA, we used the proceeds from this loan to primarily help maintain our payroll and cover our rent and utilities as we navigated our business through the lockdowns associated with the COVID-19 pandemic until our return to normal operations earlier in 2020.
[7] On June 29, 2022, SSI executed an equipment financing agreement with NFS Leasing (“NFS Leasing”) to secure replacement production molds. The total purchase price of the molds was $84,500 of which $63,375 was financed by NFS Leasing on August 15, 2022. The financing agreement has a 33 month term beginning in August 2022 with a monthly payment of $2,571. The financing agreement contains customary events of default, is guaranteed by the Company and NFS Leasing has a lien on all of the assets of SSI. The loan balance as of December 31, 2022 and December 31, 2021 was $60,804 and $0, respectively.