| Schedule of outstanding loans from related parties |
The following table sets forth information relating to our loans from related persons outstanding as of June 30, 2020 and interest paid during the six months ended June 30, 2020 (in thousands):
|
Class
|
Lender
|
|
Interest
Rate
|
|
|
Date of
Loan
|
|
Term of Loan
|
|
Principal Amount Outstanding at June 30, 2020
|
|
|
Amount of
Interest
Paid
|
|
|
|
Current, Promissory note payable to related parties:
|
|
|
|
|
|
|
|
|
|
|
|
Lan T. Tran (2)
|
|
10%
|
|
|
4/29/2016
|
|
Due on Demand
|
|
$
|
20
|
|
|
$
|
—
|
|
|
|
|
Lan T. Tran (2)
|
|
11%
|
|
|
2/10/2018
|
|
Due on Demand
|
|
|
—
|
|
|
|
35
|
|
|
|
|
Lan T. Tran (2)
|
|
10%
|
|
|
2/9/2019
|
|
Due on Demand
|
|
|
14
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
34
|
|
|
|
35
|
|
|
|
Revolving line of credit
|
|
|
|
|
|
|
|
|
|
|
|
Yutaka Niihara (2)
|
|
5.25%
|
|
|
12/27/2019
|
|
Due on Demand
|
|
|
600
|
|
|
|
18
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
600
|
|
|
|
18
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
634
|
|
|
$
|
53
|
|
|
The following table sets forth information relating to our loans from related persons outstanding at any time during the year ended December 31, 2019:
|
Class
|
Lender
|
|
Interest
Rate
|
|
|
Date of
Loan
|
|
Term of Loan
|
|
Principal Amount Outstanding at December 31, 2019
|
|
|
Highest
Principal
Outstanding
|
|
|
Amount of
Principal
Repaid or
Converted
into Stock
|
|
|
Amount of
Interest
Paid
|
|
|
Conversion
Rate
|
|
|
|
Current, Promissory note payable to related parties:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lan T. Tran (2)
|
|
10%
|
|
|
4/29/2016
|
|
Due on Demand
|
|
$
|
20
|
|
|
$
|
20
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
|
—
|
|
|
|
|
Hope International Hospice, Inc. (1)
|
|
10%
|
|
|
6/3/2016
|
|
Due on Demand
|
|
|
—
|
|
|
|
250
|
|
|
|
250
|
|
|
|
78
|
|
|
|
—
|
|
|
|
|
Lan T. Tran (2)
|
|
10%
|
|
|
2/9/2017
|
|
Due on Demand
|
|
|
—
|
|
|
|
12
|
|
|
|
—
|
|
|
|
2
|
|
|
|
—
|
|
|
|
|
Yutaka Niihara (2)(3)
|
|
10%
|
|
|
9/14/2017
|
|
Due on Demand
|
|
|
—
|
|
|
|
904
|
|
|
|
27
|
|
|
|
2
|
|
|
|
—
|
|
|
|
|
Lan T. Tran (2)
|
|
11%
|
|
|
2/10/2018
|
|
Due on Demand
|
|
|
159
|
|
|
|
159
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Lan T. Tran (2)
|
|
10%
|
|
|
2/9/2019
|
|
Due on Demand
|
|
|
14
|
|
|
|
14
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
193
|
|
|
|
1,359
|
|
|
|
277
|
|
|
|
82
|
|
|
|
|
|
|
|
Current, Convertible notes payable to related parties:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yasushi Nagasaki (2)
|
|
10%
|
|
|
6/29/2012
|
|
Due on Demand
|
|
|
—
|
|
|
|
200
|
|
|
|
200
|
|
|
|
56
|
|
|
$
|
3.30
|
|
|
|
|
Yutaka & Soomi Niihara (2)(3)
|
|
10%
|
|
|
11/16/2015
|
|
2 years
|
|
|
—
|
|
|
|
200
|
|
|
|
200
|
|
|
|
73
|
|
|
$
|
4.50
|
|
|
|
|
Wei Peu Zen (3)
|
|
10%
|
|
|
11/6/2017
|
|
2 years
|
|
|
—
|
|
|
|
5,000
|
|
|
|
5,000
|
|
|
|
597
|
|
|
$
|
10.00
|
|
|
|
|
Profit Preview International Group, Ltd. (4)
|
|
10%
|
|
|
2/1/2018
|
|
2 years
|
|
|
—
|
|
|
|
4,037
|
|
|
|
4,037
|
|
|
|
385
|
|
|
$
|
10.00
|
|
|
|
|
Profit Preview International Group, Ltd. (4)
|
|
10%
|
|
|
3/21/2018
|
|
2 years
|
|
|
—
|
|
|
|
5,363
|
|
|
|
5,363
|
|
|
|
442
|
|
|
$
|
10.00
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
—
|
|
|
|
14,800
|
|
|
|
14,800
|
|
|
|
1,553
|
|
|
|
|
|
|
|
Revolving line of credit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yutaka Niihara (2)
|
|
5%
|
|
|
12/27/2019
|
|
Due on Demand
|
|
|
600
|
|
|
|
600
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
600
|
|
|
|
600
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
793
|
|
|
$
|
16,759
|
|
|
$
|
15,077
|
|
|
$
|
1,635
|
|
|
|
|
|
|
|
(1)
|
Dr. Niihara, a Director and the Chairman, and Chief Executive Officer of the Company, is also a director and the Chief Executive Officer of Hope International Hospice, Inc.
|
|
(4)
|
Mr. Zen, a Director of the Company, is the sole owner of Profit Preview International Group, Ltd.
|
|