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LINES OF CREDIT
 6 Months Ended
Jun. 30, 2024
Nonrelated Party [Member]  
Defined Benefit Plan Disclosure [Line Items]  
LINES OF CREDIT

14. LINES OF CREDIT

 

Principal due under the lines of credit was as follows at June 30, 2024 and December 31, 2023:

 

SCHEDULE OF LINE OF CREDIT 

   June 30, 2024   December 31, 2023 
           
Lines of credit 15% - 18%  $3,925,000   $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. The Company has extended the maturity dates to September 30, 2024.

 

Interest expense under lines of credit was $162,865 and $102,479 for the three months ended June 30, 2024 and 2023, respectively, and $313,872 and $171,854 for the six months ended June 30, 2024 and 2023, respectively.