Current Liabilities:
Accounts payable $ 425,884 $ 221,412
Accrued liabilities 642,929 678,273
Settlement liabilities 519,496 —
Current maturities of long-term debt 402,082 184,585
Operating leases - current 20,728 —
Lines of credit 129,389 253,219
Insurance notes payable 11,645 136,859
Total Current Liabilities 2,152,153 1,474,348
Non-current Liabilities
Due to related parties 242,000 230,250
Other non-current liabilities — 703,750
Operating leases – non-current 41,635 —
Real estate note payable, net of current maturities — 224,097
Convertible notes payable, net of $217,167 in unamortized deferred loan costs and $250,000 of unamortized beneficial conversion at June 30, 2020 and $49,241 in unamortized deferred loan costs at June 30, 2019 1,465,342 342,304
1,748,977 1,500,401
Total Liabilities 3,901,130 2,974,749
These 2019 Variable Rate Convertible Notes have interest accruing at rates ranging between 10% - 12%. These notes issued to third parties have a variable conversion rate based on the price of the Company’s common stock. None of the 2019 Variable Rate Convertible Notes have been converted into shares of common stock.
