It could be for final expenses though I think final expenses would be more around March/April. It could also be for Debt Settlement/Conversion.
He reports a loan of $103,000 in Aug,2021 with a maturity date of Aug 22. He also has that loan of $300,000 that he says is for repayment for Dec 31st, 2021. One can only speculate.
"For disclosure, the $300,000 amount indicated above is an estimation of the burden to Winning Brands projected to Dec 31, 2021 for the repayment"