|
The following table sets forth information relating to loans from related parties outstanding on or at any time during the three months ended March 31, 2022 (in thousands):
|
Class
|
Lender
|
|
Interest
Rate
|
|
|
Date of
Loan
|
|
Term of Loan
|
|
Principal Amount Outstanding at March 31, 2022
|
|
|
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
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Soomi Niihara (1)
|
|
12%
|
|
|
12/7/2021
|
|
Due on Demand
|
|
|
700
|
|
|
|
700
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Soomi Niihara (1)
|
|
12%
|
|
|
1/18/2022
|
|
Due on Demand
|
|
|
300
|
|
|
|
300
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Yasushi Nagasaki (2)
|
|
10%
|
|
|
2/9/2022
|
|
Due on Demand
|
|
|
50
|
|
|
|
50
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Hope International Hospice, Inc. (1)
|
|
10%
|
|
|
2/9/2022
|
|
Due on Demand
|
|
|
350
|
|
|
|
350
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Hope International Hospice, Inc. (1)
|
|
10%
|
|
|
2/15/2022
|
|
Due on Demand
|
|
|
210
|
|
|
|
210
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Soomi Niihara (1)
|
|
10%
|
|
|
2/15/2022
|
|
Due on Demand
|
|
|
100
|
|
|
|
100
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
George Sekulich (2)
|
|
10%
|
|
|
2/16/2022
|
|
Due on Demand
|
|
|
26
|
|
|
|
26
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Soomi Niihara (1)
|
|
10%
|
|
|
3/7/2022
|
|
Due on Demand
|
|
|
200
|
|
|
|
200
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Osato Medical Clinic (3)
|
|
12%
|
|
|
3/11/2022
|
|
Due on Demand
|
|
|
250
|
|
|
|
250
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Alfred Lui (2)
|
|
12%
|
|
|
3/11/2022
|
|
Due on Demand
|
|
|
50
|
|
|
|
50
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Hope International Hospice, Inc. (1)
|
|
12%
|
|
|
3/15/2022
|
|
Due on Demand
|
|
|
150
|
|
|
|
150
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Hope International Hospice, Inc. (1)
|
|
12%
|
|
|
3/30/2022
|
|
Due on Demand
|
|
|
150
|
|
|
|
150
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
Wei Pei Zen (2)
|
|
10%
|
|
|
3/31/2022
|
|
Due on Demand
|
|
|
200
|
|
|
|
200
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
2,836
|
|
|
|
2,836
|
|
|
|
—
|
|
|
|
—
|
|
|
|
Revolving line of credit agreement
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yutaka Niihara (1)
|
|
5.25%
|
|
|
12/27/2019
|
|
Due on Demand
|
|
|
400
|
|
|
|
400
|
|
|
|
—
|
|
|
|
3
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
400
|
|
|
|
400
|
|
|
|
—
|
|
|
|
3
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
3,236
|
|
|
$
|
3,236
|
|
|
$
|
—
|
|
|
$
|
3
|
|
|
The following table sets forth information relating to loans from related parties outstanding at any time during the year ended December 31, 2021:
|
Class
|
Lender
|
|
Interest
Rate
|
|
|
Date of
Loan
|
|
Term of Loan
|
|
Principal Amount Outstanding at December 31, 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
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
|
|
Soomi Niihara (1)
|
|
12%
|
|
|
1/20/2021
|
|
Due on Demand
|
|
|
—
|
|
|
|
700
|
|
|
|
700
|
|
|
|
13
|
|
|
|
|
Soomi Niihara (1)
|
|
12%
|
|
|
9/15/2021
|
|
Due on Demand
|
|
|
—
|
|
|
|
300
|
|
|
|
300
|
|
|
|
3
|
|
|
|
|
Soomi Niihara (1)
|
|
12%
|
|
|
12/7/2021
|
|
Due on Demand
|
|
|
700
|
|
|
|
700
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
$
|
800
|
|
|
$
|
1,800
|
|
|
$
|
1,000
|
|
|
$
|
16
|
|
|
|
Revolving line of credit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yutaka Niihara (1)
|
|
5.25%
|
|
|
12/27/2019
|
|
Due on Demand
|
|
$
|
400
|
|
|
$
|
800
|
|
|
$
|
400
|
|
|
$
|
35
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
$
|
400
|
|
|
$
|
800
|
|
|
$
|
400
|
|
|
$
|
35
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
1,200
|
|
|
$
|
2,600
|
|
|
$
|
1,400
|
|
|
$
|
51
|
|
|
|
(1)
|
Dr. Niihara, the Chairman of the Board and Chief Executive Officer of Emmaus, is also a director and the Chief Executive Officer of Hope International Hospice, Inc. Soomi Niihara is Dr. Niihara’s wife.
|
|
(2)
|
Current officer or director.
|
|
(3)
|
Dr. Osato, a director of Emmaus and his wife are the sole owner of Osato Medical Clinic.
|
|