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LINES OF CREDIT – RELATED PARTIES
6 Months Ended
Jun. 30, 2024
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 June 30, 2024 and December 31, 2023:

   June 30, 2024   December 31, 2023 
           
Lines of credit 15% - 18%  $3,275,000   $3,425,000 

 

Interest expense under lines of credit – related parties was $123,598 and $69,375 for the three months ended June 30, 2024 and 2023, respectively, and $252,070 and $0 for the six months ended June 30, 2024 and 2023, respectively.