Indebtedness (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Long Term Debt

The change in the interest expense reflects primarily the impact of the factoring loans we have taken out which carry a higher interest rate.

As of June 30,			Continuing Core				Discontinued Non-Core				Total
2022			8,123,233				-				8,123,233
2023			4,550,000				805,000				5,355,000
2024			-				-				0
2025			566,208				421,470				987,678
Thereafter			494,900				218,617				713,517
Total obligations		$	13,734,341			$	1,445,087			$	15,179,428

Schedule of Long Term Debt and Notes Payables

The following table summarizes the maturity of the Company’s long-term debt and notes payable as of June 30, 2022:

	Maturity Date	Interest  Rate			June 30, 2022		December 31, 2021
Memory Care (Core) Facilities:
Naples Equity Loan	May 2023		9.95	%		4,550,000		4,550,000
Libertas Financing Agreement	May 2022		0.00	%		-		283,685
New Braunfels Samson Funding 1	April 2022		0.00	%		-		80,467
New Braunfels Samson Group 2	April 2022		0.00	%		-		80,467
Naples Operating LG Funding	April 2022		0.00	%		-		92,519
Naples LLC CFG Merchant Solutions	September 2022		0.00	%		-		134,239
MCA Invesque Loan	January 2024		8.50	%		-		57,452
New Braunfels Business Loan	March 2022		6.25	%		10,994		64,072
Gearhart Loan	December 2022		7.00	%		193,578		213,578
Five C’s Loan	December 2022		9.85	%		325,000		325,000
Jefferson	May 2023		12.00	%		168,000		-
GS Capital	May 2023		12.00	%		115,800		-
Firstfire	May 2023		12.00	%		172,200		-
SBA PPP Loans	February 2022		1.00	%		1,518,682		2,510,998
Buda 2K Hospitality LLC	October 2022		15.00	%		-		100,000
Equity Secure Fund I, LLC	June 2022		11.50	%		1,000,000		1,000,000
New Braunfels Samson Funding 1	April 2023		0.00	%		-		-
New Braunfels Samson Group 2	April 2023		0.00	%		-		-
Naples LLC CFG Merchant Solutions	January 2023		0.00	%		-		-
Bank Direct Payable	Dec 2022		3.13	%		521,013		-
Naples Operating PIRS Capital	March 2023		0.00	%		416,000		-
Little Rock Libertas	February 2023		0.00	%		408,205		-
PIRS Capital Financing Agreement	March 2023		0.00	%		206,545		-
New Braunfels Samson Funding 1	February 2023		0.00	%		118,286		-
New Braunfels Samson Group 2	February 2023		0.00	%		216,857		-
Little Rock Samson Funding #3	May 2023		0.00	%		112,005		-
Naples Samson #1	May 2023		0.00	%		112,417		-
Sixth Street	April 2023		12.00	%		154,980		-
Westover Samson #1	April 2023		0.00	%		173,259		-
Naples LG Funding #2	April 2023		0.00	%		211,210		-
New Braunfels Samson #1	April 2023		0.00	%		36,591		-
Little Rock Premium Funding	April 2023		0.00	%		258,750		-
Notional amount of debt						11,000,372		9,492,477
Less: current maturities						10,014,800		4,910,863
					$	985,572	$	4,581,614

Non-core businesses classified as liabilities held for sale:

Real Estate:
Artesia Note (6)	June 2033	Variable		$	218,617	$	225,436
Tamir Note	March 2022	12.00	%		-		300,000
Leander Note	April 2022	12.75	%		-		700,000
Leander Stearns National Association	February 2023	10.375	%		805,000		-
Notional amount of debt					1,023,617		1,225,436
Less: current maturities					805,000		1,000,000
				$	218,617	$	225,436
Core Businesses (Continuing Operations) Notes Payable
Cibolo Creek Partners promissory note	December 2025	0.09	%	$	66,208	$	66,208
EIDL SBA Treas 310	December 2051	3.75	%		494,900		494,900
AGP Contract	October 2022	2.00	%		2,367,476		2,522,922
Round Rock Development Partners Note	December 2025	0.09	%		500,000		500,000
Notional amount of debt					3,428,584		3,584,030
Other Current Liabilities
Related Party Payable - Guarantee Fees					668,023		283,023
				$	668,023	$	283,023

Non-Core Businesses (Discontinued Continuing Operations) Notes Payable
Cibolo Creek Partners promissory note	December 2025	0.09	%	$	421,470	$	421,470
Notional amount of debt					421,470		421,470

* On July 7, 2022, this note was modified to reduce the principal to $550,000 and extend the maturity to March 31, 2023.