Replies to post #2765 on Splash Beverage Group Inc (SBEV)

[infamous]

RIGHT FROM THE FILING HERE...
At December 31, 2020, the Company had liabilities in excess of assets in the amount of approximately $9.4 million. During the nine-month period of 2021, the Company received approximately $19.6 million from the proceeds from the issuance common stock. These events served to mitigate the conditions that historically raised substantial doubt about the Company’s ability to continue as a going concern.




OH AND IM JUST GETTING STARTED. GL

[infamous]

HERE YU GO...
In April 2021, we entered into a six-month convertible note with an individual in the amount of $84,000. The note matured in October 2021. 7 % 84,000 —

In April 2021, we entered into a six-month convertible note with an individual in the amount of $84,000. The note matured in October 2021. 7 % 84,000 —

In May 2021, we entered into a six-month convertible note with an individual in the amount of $50,000. The note matured in October 2021. 7 % 50,000 —

In May 2021, we entered into a six-month convertible note with an individual in the amount of $500,000. The note matured in October 2021. 7 % 500,000 —

In May 2021, we entered into a six-month convertible note with an individual in the amount of $10,000. The note matured in October 2021. 7 % 10,000 —

In May 2021, we entered into a six-month convertible note with an individual in the amount of $200,000. The note matured in October 2021. 7 % 200,000 —

Total notes payable $ 2,794,751 $ 2,239,780

Less current portion (1,638,754 ) (999,736 )

Long-term notes payable $ 1,148,751 $ 1,240,044


Interest expense on notes payable was $82,871 and $13,337 for the three months ended September 30, 2021 and 2020, respectively.



Interest expense on notes payable was $340,653 and $73,236 for the nine months ended September 30, 2021 and 2020, respectively. Accrued interest was $145,445 at September 30, 2021

[infamous]

GOOD STUFF HERE TOO. READEM AND WEEP...


Interest expense on the convertible bridge loans payable was $8,000 and $8,000 for the three months ended September 30, 2021 and 2020, respectively. Interest expense on the convertible bridge loans payable was $24,000 and $109,785 for the nine months ended September 30, 2021 and 2020, respectively. Accrued interest was $195,215 at September 30, 2021.



On April 24, 2017, a note holder filed a complaint against the Company for a promissory note in default. The note holder is requesting summary judgment in the amount of $287,215. In September 2021 a summary judgement was initiated against the Company in the amount of $263,215. As of October 2021, the Company has negotiated and paid $217,500 to the plaintiff.