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LINES OF CREDIT – RELATED PARTIES
12 Months Ended
Dec. 31, 2023
Related Party [Member]  
Defined Benefit Plan Disclosure [Line Items]  
LINES OF CREDIT – RELATED PARTIES

15. LINES OF CREDIT – RELATED PARTIES

 

Principal due under the lines of credit – related parties was as follows at December 31, 2023 and December 31, 2022:

SCHEDULE OF LINE OF CREDIT - RELATED PARTIES

 

   

December 31,

2023

   

December 31,

2022

 
                 
Lines of credit, 15%-18%   $ 3,425,000     $ 1,850,000  

 

Interest expense under lines of credit – related parties was $339,987 and $69,375 for the years ended December 31, 2023 and 2022, respectively.