Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Tables)

v3.21.2
RELATED PARTY TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2021
Related Party Transactions [Abstract]  
Schedule of outstanding loans from related parties

The following table sets forth information relating to loans from related parties outstanding on or at any time during the six months ended June 30, 2021 (in thousands):

Class

Lender

 

Interest

Rate

 

 

Date of

Loan

 

Term of Loan

 

Principal Amount Outstanding at June 30, 2021

 

 

Highest

Principal

Outstanding

 

 

Amount of

Principal

Repaid

 

 

Amount of

Interest

Paid

 

 

Current, Promissory note payable to related parties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Willis Lee (2)

 

12%

 

 

10/29/2020

 

Due on Demand

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

Revolving line of credit agreement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yutaka Niihara (2)

 

5.25%

 

 

12/27/2019

 

Due on Demand

 

 

600

 

 

 

800

 

 

 

 

 

 

47

 

 

 

 

 

 

 

 

 

 

 

Subtotal

 

 

600

 

 

 

800

 

 

 

 

 

 

47

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

700

 

 

$

900

 

 

$

 

 

$

47

 

 

 

The following table sets forth information relating to loans from related parties outstanding at any time during the year ended December 31, 2020:

Class

Lender

 

Interest

Rate

 

 

Date of

Loan

 

Term of Loan

 

Principal Amount Outstanding at December 31, 2020

 

 

Highest

Principal

Outstanding

 

 

Amount of

Principal

Repaid

 

 

Amount of

Interest

Paid

 

 

Current, Promissory note payable to related parties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lan T. Tran (2)

 

10%

 

 

4/29/2016

 

Due on Demand

 

$

20

 

 

$

20

 

 

$

 

 

$

 

 

 

Lan T. Tran (2)

 

11%

 

 

2/10/2018

 

Due on Demand

 

 

 

 

 

159

 

 

 

159

 

 

 

35

 

 

 

Lan T. Tran (2)

 

10%

 

 

2/9/2019

 

Due on Demand

 

 

14

 

 

 

14

 

 

 

 

 

 

 

 

 

Hope Int'l Hospice (1)

 

12%

 

 

9/1/2020

 

Due on Demand

 

 

 

 

 

194

 

 

 

194

 

 

 

2

 

 

 

Hope Int'l Homecare (1)

 

12%

 

 

9/1/2020

 

Due on Demand

 

 

 

 

 

189

 

 

 

189

 

 

 

1

 

 

 

Soomi Niihara (1)

 

12%

 

 

9/1/2020

 

Due on Demand

 

 

 

 

 

98

 

 

 

98

 

 

 

4

 

 

 

Soomi Niihara (1)

 

12%

 

 

10/28/2020

 

Due on Demand

 

 

 

 

 

395

 

 

 

395

 

 

 

12

 

 

 

Willis Lee (2)

 

12%

 

 

9/1/2020

 

Due on Demand

 

 

 

 

 

685

 

 

 

685

 

 

 

1

 

 

 

Willis Lee (2)

 

12%

 

 

10/29/2020

 

Due on Demand

 

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal

 

 

134

 

 

 

1,854

 

 

 

1,820

 

 

 

55

 

 

Revolving line of credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yutaka Niihara (2)

 

5.25%

 

 

12/27/2019

 

Due on Demand

 

 

800

 

 

 

800

 

 

 

200

 

 

 

37

 

 

 

 

 

 

 

 

 

 

 

Subtotal

 

 

800

 

 

 

800

 

 

 

200

 

 

 

37

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

934

 

 

$

2,654

 

 

$

2,020

 

 

$

92

 

 

 

(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.

(2)

Officer.