Notes Payable – Related Parties (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Notes Payable – Related Parties and Related Terms

Notes payable – related parties consist of loans from various members of management and the Board of Directors, typically for use as working capital. Related terms were as follows:

Balance - December 31, 2020	$	2,411,605
Debt discount		(30,791	)
Amortization of debt discount (interest expense)		35,202
Conversion of stockholder advances to notes payable - related parties		74,920
Proceeds		354,328
Repayments		(100,000	)
Balance - December 31, 2021		2,745,264
Conversion of stockholder advances to notes payable - related parties (see Note 6)		51,769
Debt discount		(1,991	)
Amortization of debt discount (interest expense)		10,732
Balance - December 31, 2022	$	2,805,774

GREENWAY TECHNOLOGIES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2022 AND 2021