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DEBT DISCOUNTS
6 Months Ended
Jun. 30, 2022
Debt Discounts  
DEBT DISCOUNTS

NOTE 11 – DEBT DISCOUNTS

 

As of June 30, 2022 and December 31, 2021, the Company had debt discounts of $5,118,000 and $397,000 respectively. For the six months ended June 30, 2022, there was $220,000 in amortization of debt discounts. For the year ended December 31, 2021, there was $132,000 in amortization of debt discounts. As of June 30, 2022 and December 31, 2021, there were outstanding long term convertible notes payable of $1,416,000 and $683,000 respectively, these numbers are netted against their respective debt discounts and are represented as $353,000 and $286,000 as of June 30, 2022 and December 31, 2021, respectively. Notes payable of $12,600,000 as of June 30, 2022 was netted against its debt discount of $4,010,000.