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LINES OF CREDIT
3 Months Ended
Mar. 31, 2024
Nonrelated Party [Member]  
Defined Benefit Plan Disclosure [Line Items]  
LINES OF CREDIT

15. LINES OF CREDIT

 

Principal due under the lines of credit was as follows at March 31, 2024 and December 31, 2023:

 

   March 31, 2024   December 31, 2023 
         
Lines of credit 15% - 18%  $3,700,000   $3,200,000 

 

The lines of credit mature on June 30, 2024 with an extension available until September 30, 2024 at the Company’s option.

 

Interest expense under lines of credit was $279,508 and $0 for the three months ended March 31, 2024 and 2023, respectively.