General form of registration statement for all companies including face-amount certificate companies

Notes Payable (Tables)

v3.23.2
Notes Payable (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Notes Payable [Abstract]    
Schedule of notes payable Notes payable consisted of the following:
    March 31,
2023		     December 31,
2022		  
Convertible secured debentures   $ 36,530,320     $ 36,530,320  
Total     36,530,320       36,530,320  
Less: debt discount, net     (19,700,337 )     (20,608,202 )
Less: current portion    
-
      
-
  
Total notes payable – long-term   $ 16,829,983     $ 15,922,118  
Notes payable consisted of the following:
    December 31, 2022     December 31, 2021  
Convertible secured debentures   $ 36,530,320     $
—
  
RCB Equities #1, LLC term loan credit agreement    
—
       14,708,333  
Contingently convertible promissory notes:                
Schlumberger Technology Corp.    
—
       1,500,000  
Transocean Inc.    
—
       1,500,000  
Goradia Capital LLC    
—
       5,000,000  
Material Impact Fund II, LP    
—
       5,000,000  
In-Q-Tel, Inc.    
—
       250,000  
Total     36,530,320       27,958,333  
Less: debt discount, net     (20,608,202 )    
—
  
Less: current portion    
—
       (13,250,000 )
Total notes payable – long-term   $ 15,922,118     $ 14,708,333