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Loans Payable (Tables)
 12 Months Ended
Dec. 31, 2022
Loans Payable [Abstract]  
Schedule of loans payable activity
   Principal
Balance at
January 1,
2022		   Adjustments   Principal
Repaid in
Cash		   New Issuances   Effect of
Foreign
Exchange
Rates		   Principal
Balance at
December 31,
2022		 
Paycheck Protection Program  $41,312   $
-
   $(41,312)  $
-
   $
-
   $
-
 
Bounce Back Loan Scheme   61,169    
-
    (11,646)   
-
    (6,394)   43,129 
First Assurance – 2021   1,618,443    
(14,042
)(1)   (1,604,401)   
-
         
-
 
First Assurance – 2022   
-
    
-
    
-
    1,060,890    
-
    1,060,890 
Other loans payable   155,320    80,366(2)   
 
    
-
    
-
    235,686 
Total loans payable   1,876,244   $66,324   $(1,657,359)  $1,060,890   $(6,394)   1,339,705 
Less: loans payable – current portion   1,828,079                        1,308,516 
Loans payable – non-current portion  $48,165                       $31,189 

 

(1)Note that this amount was related to finance charges and was reclassified.

 

(2)Note that this amount was reclassified from related party payables.

 

   Principal
Balance at
January 1,
2021		   Forgiveness/
Adjusted to Other Income		   Principal
Repaid in
Cash		   New Issuances   Effect of
Foreign
Exchange
Rates		   Principal
Balance at
December 31,
2021		 
Kingsbrook  $150,000   $
-
   $(150,000)  $
-
   $
-
   $
-
 
Paycheck Protection Program   53,051    (11,670)   (69)   
-
    
-
    41,312 
Bounce Back Loan Scheme   68,245    
-
    (4,724)   
-
    (2,352)   61,169 
First Assurance - 2020   655,593    
-
    (655,593)   1,618,443    
-
    1,618,443 
Other loans payable   155,320    
-
    
-
    
-
    
-
    155,320 
Total loans payable   1,082,209   $(11,670)  $(810,386)  $1,618,443   $(2,352)   1,876,244 
Less: loans payable - current portion   968,446                        1,828,079 
Loans payable - non-current portion  $113,763                       $48,165 

 
Schedule of loans payable of current portion
   Simple
Interest Rate		   December 31,
2022		   December 31,
2021		 
Loan payable issued September 18, 2019    8%  $50,000   $50,000 
Loan payable issued September 18, 2019   8%   50,000    
-
 
Loan payable issued October 8, 2019   0%   4,000    
-
 
Loan payable issued October 29, 2019   8%   69,250    69,250 
Loan payable issued December 31, 2019   0%   5,000    
-
 
Loan payable issued February 5, 2020   8%   3,500    3,500 
Loan payable issued February 5, 2020   8%   3,500    
-
 
Loan payable issued March 31, 2020   8%   4,537    4,537 
Loan payable issued March 31, 2020   8%   4,537    
-
 
Loan payable issued June 8, 2020   8%   
-
    5,000 
Loan payable issued June 8, 2020   0%   5,000    5,000 
Loan payable issued June 17, 2020   8%   485    
-
 
Loan payable issued July 15, 2020 *   8%   4,695    4,695 
Loan payable issued July 15, 2020   8%   5,503    
-
 
Loan payable issued October 8, 2020 *   8%   7,798    
-
 
Loan payable issued October 13, 2020   8%   13,337    13,337 
Loan payable issued October 14, 2020   8%   4,544    
-
 
Current portion of PPP Loans (1)   1%   
-
    41,312 
Current portion of Bounce Back Loans (1) (2)   1%   11,940    13,005 
First Assurance Funding payable issued December 10, 2021(2)   2%   1,060,890    1,618,443 
        $1,308,516   $1,828,079 

*These loans are denominated in currencies other than USD.

 

(1)See Loans Payable, Non-Current Portion for a description of the PPP Loans and the Bounce Back Loans.

 

(2)Note that these loans are not currently in default.

 
Schedule of non-current loans payable
   Simple Interest Rate   December 31,
2022		   December 31,
2021		   Maturity
Date
PPP loan payable issued May 5, 2020   1.0%   
-
   $41,312   5/4/2022
BBLS loan payable issued June 10, 2020   2.5%   43,129    61,170   6/10/2026
Subtotal        43,129    102,482    
Less: Current portions of BBLS/PPP loans, respectively (see above)        (11,940)   (54,317)   
Non-current portion       $31,189   $48,165    

 
Schedule of related party loans payable
  

Simple

Interest Rate

   December 31,
2022(1)		   December 31,
2021		 
Loan payable issued September 18, 2019   8%  $
         -
   $50,000 
Loan payable issued October 8, 2019   0%   
-
    4,000 
Loan payable issued February 5, 2020   8%   
-
    3,500 
Loan payable issued March 31, 2020   8%   
-
    4,537 
Loan payable issued June 17, 2020   8%   
-
    485 
Loan payable issued July 15, 2020   8%   
-
    5,503 
Loan payable issued October 8, 2020 *   8%   
-
    8,708 
Loan payable issued October 14, 2020   8%   
-
    4,544 
        $
-
   $81,277 

 

*These are loans denominated in currencies other than USD.

 

(1)The loan payables listed belong to holders that are no longer considered related parties as of this date.