Schedule of outstanding loans from related parties |
The following table sets forth information relating to loans from related parties outstanding at any time during the nine months ended September 30, 2023 (in thousands):
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Class |
Lender |
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Interest Rate |
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Date of Loan |
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Term of Loan |
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Principal Amount Outstanding at September 30, 2023 |
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Highest Principal Outstanding |
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Amount of Principal Repaid |
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|
Amount of Interest Paid |
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Promissory note payable to related parties: |
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|
Willis Lee(2) |
|
12% |
|
10/29/2020 |
|
Due on Demand |
|
$ |
100 |
|
|
$ |
100 |
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|
|
— |
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|
|
— |
|
|
Soomi Niihara(1) |
|
12% |
|
12/7/2021 |
|
Due on Demand |
|
|
700 |
|
|
|
700 |
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|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
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2/9/2022 |
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Due on Demand |
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|
350 |
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|
350 |
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|
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— |
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|
|
— |
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Hope International Hospice, Inc.(1) |
|
10% |
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2/15/2022 |
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Due on Demand |
|
|
210 |
|
|
|
210 |
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|
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— |
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|
|
— |
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|
Soomi Niihara(1) |
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10% |
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2/15/2022 |
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Due on Demand |
|
|
100 |
|
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
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 Peu Zen(2) |
|
10% |
|
3/31/2022 |
|
Due on Demand |
|
|
200 |
|
|
|
200 |
|
|
|
— |
|
|
|
— |
|
|
Willis Lee(2) |
|
10% |
|
4/14/2022 |
|
Due on Demand |
|
|
45 |
|
|
|
45 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
5/25/2022 |
|
Due on Demand |
|
|
40 |
|
|
|
40 |
|
|
|
— |
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|
|
— |
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Yutaka and Soomi Niihara(1) |
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12% |
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7/27/2022 |
|
5 years |
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|
402 |
|
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|
402 |
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|
|
— |
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|
|
36 |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
8/15/2022 |
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Due on Demand |
|
|
— |
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|
|
50 |
|
|
|
50 |
|
|
|
2 |
|
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Yutaka and Soomi Niihara(1) |
|
10% |
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8/16/2022 |
|
5 years |
|
|
250 |
|
|
|
250 |
|
|
|
— |
|
|
|
19 |
|
|
Yutaka and Soomi Niihara(1) |
|
10% |
|
8/16/2022 |
|
5 years |
|
|
1,669 |
|
|
|
1,669 |
|
|
|
— |
|
|
|
125 |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
8/17/2022 |
|
Due on Demand |
|
|
50 |
|
|
|
50 |
|
|
|
— |
|
|
|
— |
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Yutaka and Soomi Niihara(1) |
|
10% |
|
8/17/2022 |
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Due on Demand |
|
|
— |
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|
60 |
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|
60 |
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6 |
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Seah Lim(2) |
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6% |
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9/16/2022 |
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3 years |
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|
1,200 |
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|
1,200 |
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— |
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— |
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Hope International Hospice, Inc.(1) |
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10% |
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10/20/2022 |
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Due on Demand |
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|
100 |
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|
100 |
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— |
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— |
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|
Hope International Hospice, Inc.(1) |
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10% |
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3/17/2023 |
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Due on Demand |
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|
100 |
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|
100 |
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|
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— |
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— |
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Yutaka and Soomi Niihara(1) |
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10% |
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3/21/2023 |
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Due on Demand |
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|
127 |
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|
127 |
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— |
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— |
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Subtotal |
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5,943 |
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6,053 |
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|
110 |
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|
188 |
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Convertible notes payable - related parties |
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|
Wei Peu Zen(2) |
|
10% |
|
1/18/2023 |
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1 - 2 years |
|
|
1,000 |
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|
1,000 |
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— |
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— |
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Subtotal |
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1,000 |
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1,000 |
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— |
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— |
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Total |
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$ |
6,943 |
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$ |
7,053 |
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$ |
110 |
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$ |
188 |
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The following table sets forth information relating to loans from related parties outstanding at any time during the year ended December 31, 2022:
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|
Class |
Lender |
|
Interest Rate |
|
Date of Loan |
|
Term of Loan |
|
Principal Amount Outstanding at December 31, 2022 |
|
|
Highest Principal Outstanding |
|
|
Amount of Principal Repaid |
|
|
Amount of Interest Paid |
|
Current, Promissory note payable to related parties: |
|
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|
|
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|
|
Willis Lee(2) |
|
12% |
|
10/29/2020 |
|
Due on Demand |
|
$ |
100 |
|
|
$ |
100 |
|
|
|
— |
|
|
|
— |
|
|
Soomi Niihara(1) |
|
12% |
|
12/7/2021 |
|
Due on Demand |
|
|
700 |
|
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|
700 |
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|
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— |
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— |
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|
Soomi Niihara(1) |
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12% |
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1/18/2022 |
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Due on Demand |
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|
— |
|
|
|
300 |
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|
300 |
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|
32 |
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|
Yasushi Nagasaki(2) |
|
10% |
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2/9/2022 |
|
Due on Demand |
|
|
— |
|
|
|
50 |
|
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|
50 |
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|
4 |
|
|
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 |
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|
— |
|
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|
26 |
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|
26 |
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2 |
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|
Soomi Niihara(1) |
|
10% |
|
3/7/2022 |
|
Due on Demand |
|
|
— |
|
|
|
200 |
|
|
|
200 |
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|
15 |
|
|
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 Peu Zen(2) |
|
10% |
|
3/31/2022 |
|
Due on Demand |
|
|
200 |
|
|
|
200 |
|
|
|
— |
|
|
|
— |
|
|
Willis Lee(2) |
|
10% |
|
4/14/2022 |
|
Due on Demand |
|
|
45 |
|
|
|
45 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
5/25/2022 |
|
Due on Demand |
|
|
40 |
|
|
|
40 |
|
|
|
— |
|
|
|
— |
|
|
Yutaka and Soomi Niihara(1) |
|
12% |
|
7/27/2022 |
|
5 years |
|
|
402 |
|
|
|
402 |
|
|
|
— |
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|
20 |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
8/15/2022 |
|
Due on Demand |
|
|
50 |
|
|
|
50 |
|
|
|
— |
|
|
|
— |
|
|
Yutaka and Soomi Niihara(1) |
|
10% |
|
8/16/2022 |
|
5 years |
|
|
250 |
|
|
|
250 |
|
|
|
— |
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|
8 |
|
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Yutaka and Soomi Niihara(1) |
|
10% |
|
8/16/2022 |
|
5 years |
|
|
1,669 |
|
|
|
1,669 |
|
|
|
— |
|
|
|
56 |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
8/17/2022 |
|
Due on Demand |
|
|
50 |
|
|
|
50 |
|
|
|
— |
|
|
|
— |
|
|
Yutaka and Soomi Niihara(1) |
|
10% |
|
8/17/2022 |
|
Due on Demand |
|
|
60 |
|
|
|
60 |
|
|
|
— |
|
|
|
— |
|
|
Seah Lim(2) |
|
6% |
|
9/16/2022 |
|
3 years |
|
|
1,200 |
|
|
|
1,200 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc. |
|
10% |
|
10/20/2022 |
|
Due on Demand |
|
|
100 |
|
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
Subtotal |
|
|
5,826 |
|
|
|
6,402 |
|
|
|
576 |
|
|
|
137 |
|
Revolving line of credit agreement |
|
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|
|
|
|
|
|
|
|
Yutaka Niihara(2) |
|
5.25% |
|
12/27/2019 |
|
Due on Demand |
|
|
— |
|
|
|
400 |
|
|
|
400 |
|
|
|
110 |
|
|
|
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Subtotal |
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|
— |
|
|
|
400 |
|
|
|
400 |
|
|
|
110 |
|
|
|
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Total |
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$ |
5,826 |
|
|
$ |
6,802 |
|
|
$ |
976 |
|
|
$ |
247 |
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(1)Dr. Niihara, a former Director and Chief Executive Officer of the Company, is also a director and the Chief Executive Officer of Hope International Hospice, Inc
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