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SCHEDULE OF LONG-TERM DEBT (Details) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Long-Term Debt, Current Maturities  
Long-Term Debt, Excluding Current Maturities
Notes and Loans Payable, Current 4,558,106 1,118,605
Notes and Loans, Noncurrent 2,603,126 2,858,828
Debt Instrument, Unamortized Discount, Current (25,936) (20,447)
Debt Instrument, Unamortized Discount, Noncurrent (63,302) (73,297)
Notes Payable, Current 4,532,170 1,098,158
Notes Payable, Noncurrent 2,539,824 2,785,531
Notes payable including related party current 3,878,700 1,098,158
Notes payable including related party non-current 2,539,824 2,785,531
Titan Holdings 2 [Member]    
Long-Term Debt, Current Maturities [1] 653,470
Long-Term Debt, Excluding Current Maturities [1]
Related Party [Member]    
Notes Payable, Current 653,470
WTI Global Inc [Member]    
Long-Term Debt, Current Maturities [2] 170,000
Long-Term Debt, Excluding Current Maturities [2]
Peoples United [Member]    
Long-Term Debt, Current Maturities [3] 81,865 177,539
Long-Term Debt, Excluding Current Maturities [3]
M&T Bank [Member]    
Long-Term Debt, Current Maturities [4] 127,377 121,927
Long-Term Debt, Excluding Current Maturities [4] 256,112 321,192
Daimler Truck [Member]    
Long-Term Debt, Current Maturities [5] 63,320 74,873
Long-Term Debt, Excluding Current Maturities [5] 21,293 53,429
Ascentium Capital [Member]    
Long-Term Debt, Current Maturities [6] 156,303 152,467
Long-Term Debt, Excluding Current Maturities [6] 508,868 587,991
Balboa Capital [Member]    
Long-Term Debt, Current Maturities [7] 40,815 38,895
Long-Term Debt, Excluding Current Maturities [7] 158,534 179,433
Blue Bridge Financial [Member]    
Long-Term Debt, Current Maturities [8] 11,043 10,394
Long-Term Debt, Excluding Current Maturities [8] 45,263 50,951
Financial Pacific [Member]    
Long-Term Debt, Current Maturities [9] 30,454 29,187
Long-Term Debt, Excluding Current Maturities [9] 117,669 133,220
M2 Equipment [Member]    
Long-Term Debt, Current Maturities [10] 41,275 39,527
Long-Term Debt, Excluding Current Maturities [10] 156,955 178,039
Meridian Equipment [Member]    
Long-Term Debt, Current Maturities [11] 26,730 25,518
Long-Term Debt, Excluding Current Maturities [11] 99,931 113,606
Navitas [Member]    
Long-Term Debt, Current Maturities [12] 38,286 36,791
Long-Term Debt, Excluding Current Maturities [12] 139,199 158,723
Pawnee [Member]    
Long-Term Debt, Current Maturities [13] 43,639 41,480
Long-Term Debt, Excluding Current Maturities [13] 171,386 193,759
Signature [Member]    
Long-Term Debt, Current Maturities [14] 76,797 73,973
Long-Term Debt, Excluding Current Maturities [14] 335,803 374,921
Trans Lease [Member]    
Long-Term Debt, Current Maturities [15] 42,540 40,524
Long-Term Debt, Excluding Current Maturities [15] 135,783 157,569
Verdant [Member]    
Long-Term Debt, Current Maturities [16] 45,727 44,324
Long-Term Debt, Excluding Current Maturities [16] 146,170 169,390
Western Equipment [Member]    
Long-Term Debt, Current Maturities [17] 43,059 41,186
Long-Term Debt, Excluding Current Maturities [17] 164,597 186,605
Michaelson Capital [Member]    
Long-Term Debt, Current Maturities [18] 2,732,090
Long-Term Debt, Excluding Current Maturities [18]
Loanbuilder [Member]    
Long-Term Debt, Current Maturities [19] 113,777
Long-Term Debt, Excluding Current Maturities [19] 145,563
Individual Notes Payable [Member]    
Long-Term Debt, Current Maturities [20] 25,000
Long-Term Debt, Excluding Current Maturities [20]
Kabbage Loans [Member]    
Long-Term Debt, Current Maturities [21] 64,544
Long-Term Debt, Excluding Current Maturities [21]
Baxter Credit Union [Member]    
Long-Term Debt, Current Maturities [22] 99,995
Long-Term Debt, Excluding Current Maturities [22]
[1] Titan continually borrows from Titan Holdings 2, a stockholder of the Company, as working capital needs arise. The loan is due on demand and accrues interest at a rate of 10.5% per annum.
[2] On December 15, 2022, Titan entered into a $170,000 promissory note agreement with WTI Global Inc. (“WTI”) at a 7% per annum interest rate. The promissory note was issued as consideration for the acquisition of intangible assets from WTI (Note 5 – Intangible Assets). On February 1, 2023, WTI agreed to cancel the promissory note in exchange for an ownership interest in the Company. The cancellation was recorded on the condensed consolidated balance sheet as an equity contribution (See Note 13 – Stockholders’ Equity).
[3] On December 10, 2021, Titan entered into a collateralized loan agreement for $354,876 with Peoples United Bank at a 5.75% per annum interest rate. The loan has a maturity date of November 10, 2023 and requires monthly payments of $16,614.
[4] Titan entered into a collateralized loan on December 23, 2022 with M&T Bank which matures on February 23, 2025. The loan has an interest rate of
[5] On February 12, 2018, Titan entered into a collateralized loan agreement with Daimler Trucks for $131,940, with a maturity date of May 14, 2023. Titan made monthly payments of $2,487 towards principal and interest. Interest accrued at a rate of 4.95% per annum. As of June 30, 2023 this loan had been fully paid off.
[6] On May 5, 2022, Titan entered into an equipment financing agreement with Ascentium Capital for $250,000, which matures on May 5, 2027. Titan makes monthly payments of $4,812 towards principal and interest. Interest accrues at a rate of 5.82% per annum.
[7] On August 13, 2022, Titan entered into a collateralized loan agreement with Balboa Capital for $230,482, which matures five years from the commencement date. Titan makes monthly payments of $4,860 towards principal and interest. Interest accrues at a rate of 9.68% per annum.
[8] On August 11, 2022, Titan entered into an equipment finance agreement with Blue Bridge Financial for $64,539, which matures five years from the commencement date. Titan makes monthly payments of $1,442 towards principal and interest. Interest accrues at a rate of 12.18% per annum.
[9] On July 15, 2022, Titan entered into an equipment financing agreement with Financial Pacific for $74,841, which matures five years from commencement. Titan makes monthly payments of $1,585 towards principal and interest. Interest accrues at a rate of 9.87% per annum.
[10] On August 10, 2022, Titan entered into an equipment financing agreement with M2 Equipment for $230,000, which matures five years from commencement. Titan makes monthly payments of $4,739 towards principal and interest. Interest accrues at a rate of 8.68% per annum.
[11] On August 16, 2022, Titan entered into an equipment financing agreement with Meridian for $149,076, which matures five years from commencement. Titan makes monthly payments of $3,118 towards principal and interest. Interest accrues at a rate of 9.32% per annum.
[12] On July 23, 2022, Titan entered into an equipment financing agreement with Navitas for $210,000, which matures five years from commencement. Titan makes monthly payments of $4,257 towards principal and interest. Interest accrues at a rate of 7.99% per annum.
[13] On August 15, 2022, Titan entered into an equipment financing agreement with Pawnee Leasing Corp. for $248,157, which matures five years from commencement. Titan makes monthly payments of $5,296 towards principal and interest. Interest accrues at a rate of 10.19% per annum.
[14] On June 22, 2022, Titan entered into a collateralized loan agreement with Signature Bank for $284,951, which matures six years from commencement. Titan makes monthly payments of $4,849 towards principal and interest. Interest accrues at a rate of 6.93% per annum.
[15] On August 20, 2022, Titan entered into a collateralized loan agreement with Trans Lease, Inc. for $210,750, which matures five years from commencement. Titan makes monthly payments of $4,838 towards principal and interest. Interest accrues at a rate of 9.75% per annum.
[16] On April 27, 2022, Titan entered into a collateralized debt agreement with Verdant Commercial Capital for $241,765, which matures five years from commencement. Titan makes monthly payments of $4,702 towards principal and interest. Interest accrues at a rate of 6.25% per annum.
[17] On August 15, 2022, Titan entered into an equipment financing agreement with Western Equipment Capital for $240,726, which matures five years from commencement. Titan makes monthly payments of $4,989 towards principal and interest. Interest accrues at a rate of 8.93% per annum.
[18] On January 5, 2023 the Company completed its asset acquisition of the Recoup Digester Assets and as part of the consideration, assumed the liabilities of a $
[19] Between January 14, 2022 and July 6, 2022 the Company signed four loan agreements with the Loanbuilder service of Paypal, Inc (the “Loanbuilder Notes”). Three of the four Loanbuilder Notes were settled prior to May 19, 2023. The remaining note (“Loanbuilder – 3”) was in default on May 19, 2023. On May 19, 2023, the outstanding liabilities owed due to the Loanbuilder Notes was $299,710, inclusive of $50,599 owed due to Loanbuilder – 3.
[20] On May 16, 2022, the Company issued a $25,000 promissory note (the “Individual Note”) with an individual private investor. The Individual Note has an annual interest rate of 12% per annum and matures on December 31, 2023, at which time all principal and accrued interest is owed. In the event of default, the promissory note incurs additional interest of 0.5% on all outstanding principal and interest owed.
[21] On September 28, 2022 and September 29, 2022 the Company agreed to two Kabbage Funding Loan Agreements (together known as the “Kabbage Loans”) owed to American Express National Bank. The Kabbage Loans had an initial principal value of $120,800 and as of May 19, 2023 had a principal amount of $77,748. Each loan includes a cost of capital interest expense of $4,077 and is to be repaid in nine monthly repayments of $3,658, followed by nine monthly payments of $35,507.
[22] The Company signed a revolving loan with Baxter Credit Union, which was renewed on April 26, 2023, with a principal liability of $99,995. The loan has an annual interest rate of 8.50% and a maturity date of July 30, 2023, at which point all principal and accrued interest is due and payable.