| 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 three months ended March 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class |
Lender |
|
Interest
Rate |
|
Date of
Loan |
|
Term of Loan |
|
Principal Amount Outstanding at March 31, 2025 |
|
|
Highest
Principal
Outstanding |
|
|
Amount of
Principal
Repaid or
Converted to Shares |
|
|
Amount of
Interest
Paid |
|
Promissory notes payable to related parties: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Willis Lee(2) |
|
12% |
|
10/29/2020 |
|
On Demand |
|
|
100 |
|
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
Soomi Niihara(1) |
|
12% |
|
12/7/2021 |
|
On Demand |
|
|
700 |
|
|
|
700 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
2/9/2022 |
|
On Demand |
|
|
350 |
|
|
|
350 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
2/15/2022 |
|
On Demand |
|
|
210 |
|
|
|
210 |
|
|
|
— |
|
|
|
— |
|
|
Soomi Niihara(1) |
|
10% |
|
2/15/2022 |
|
On Demand |
|
|
100 |
|
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
12% |
|
3/15/2022 |
|
On Demand |
|
|
150 |
|
|
|
150 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
12% |
|
3/30/2022 |
|
On Demand |
|
|
150 |
|
|
|
150 |
|
|
|
— |
|
|
|
— |
|
|
Wei Peu Zen(2) |
|
10% |
|
3/31/2022 |
|
On Demand |
|
|
200 |
|
|
|
200 |
|
|
|
— |
|
|
|
— |
|
|
Albert Niihara(1) |
|
10% |
|
4/5/2022 |
|
On Demand |
|
|
200 |
|
|
|
350 |
|
|
|
150 |
|
|
|
— |
|
|
Willis Lee(2) |
|
10% |
|
4/14/2022 |
|
On Demand |
|
|
45 |
|
|
|
45 |
|
|
|
— |
|
|
|
— |
|
|
Albert Niihara(1) |
|
10% |
|
4/19/2022 |
|
On Demand |
|
|
250 |
|
|
|
250 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
5/25/2022 |
|
On Demand |
|
|
40 |
|
|
|
40 |
|
|
|
— |
|
|
|
— |
|
|
Dr. Yutaka and Soomi Niihara(1) (3) |
|
12% |
|
7/27/2022 |
|
5 years |
|
|
402 |
|
|
|
402 |
|
|
|
— |
|
|
|
12 |
|
|
Dr. Yutaka and Soomi Niihara(1) |
|
10% |
|
8/16/2022 |
|
5 years |
|
|
250 |
|
|
|
25 |
|
|
|
— |
|
|
|
6 |
|
|
Dr. Yutaka and Soomi Niihara(1) |
|
10% |
|
8/16/2022 |
|
5 years |
|
|
1,669 |
|
|
|
167 |
|
|
|
— |
|
|
|
42 |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
8/17/2022 |
|
On Demand |
|
|
50 |
|
|
|
50 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
10/20/2022 |
|
On Demand |
|
|
100 |
|
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
3/17/2023 |
|
On Demand |
|
|
100 |
|
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
Dr. Yutaka and Soomi Niihara(1) |
|
10% |
|
3/21/2023 |
|
On Demand |
|
|
127 |
|
|
|
127 |
|
|
|
— |
|
|
|
— |
|
|
Wei Peu Zen(2) |
|
60% |
|
12/1/2023 |
|
2 mon |
|
|
350 |
|
|
|
350 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
Subtotal |
|
$ |
5,543 |
|
|
$ |
3,966 |
|
|
$ |
150 |
|
|
$ |
60 |
|
|
|
|
|
|
|
|
Total |
|
$ |
5,543 |
|
|
$ |
3,966 |
|
|
$ |
150 |
|
|
$ |
60 |
|
(1)Dr. Niihara, a former Director and former Chairman and Chief Executive Officer of the Company, is also a director and the Chief Executive Officer of Hope International Hospice, Inc.
(3)
Carrying amount of this loan includes $70,000 of unamortized discount.
The following table sets forth information relating to loans from related parties outstanding at any time during the year ended December 31, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class |
Lender |
|
Interest
Rate |
|
Date of
Loan |
|
Term of Loan |
|
Principal Amount Outstanding at December 31, 2024 |
|
|
Highest
Principal
Outstanding |
|
|
Amount of
Principal
Repaid or
Converted to Shares |
|
|
Amount of
Interest
Paid |
|
Current, Promissory notes payable to related parties: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Willis Lee(2) |
|
12% |
|
10/29/2020 |
|
On Demand |
|
|
100 |
|
|
|
100 |
|
|
|
— |
|
|
|
2 |
|
|
Soomi Niihara(1) |
|
12% |
|
12/7/2021 |
|
On Demand |
|
|
700 |
|
|
|
700 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
2/9/2022 |
|
On Demand |
|
|
350 |
|
|
|
350 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
2/15/2022 |
|
On Demand |
|
|
210 |
|
|
|
210 |
|
|
|
— |
|
|
|
— |
|
|
Soomi Niihara(1) |
|
10% |
|
2/15/2022 |
|
On Demand |
|
|
100 |
|
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
12% |
|
3/15/2022 |
|
On Demand |
|
|
150 |
|
|
|
150 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
12% |
|
3/30/2022 |
|
On Demand |
|
|
150 |
|
|
|
150 |
|
|
|
— |
|
|
|
— |
|
|
Wei Peu Zen(2) |
|
10% |
|
3/31/2022 |
|
On Demand |
|
|
200 |
|
|
|
200 |
|
|
|
— |
|
|
|
— |
|
|
Albert Niihara(1) |
|
10% |
|
4/4/2022 |
|
On Demand |
|
|
350 |
|
|
|
500 |
|
|
|
150 |
|
|
|
— |
|
|
Willis Lee(2) |
|
10% |
|
4/14/2022 |
|
On Demand |
|
|
45 |
|
|
|
45 |
|
|
|
— |
|
|
|
— |
|
|
Albert Niihara(1) |
|
10% |
|
4/19/2022 |
|
On Demand |
|
|
250 |
|
|
|
250 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
5/25/2022 |
|
On Demand |
|
|
40 |
|
|
|
40 |
|
|
|
— |
|
|
|
— |
|
|
Dr. Yutaka and Soomi Niihara(1) (3) |
|
12% |
|
7/27/2022 |
|
5 years |
|
|
402 |
|
|
|
402 |
|
|
|
— |
|
|
|
44 |
|
|
Dr. Yutaka and Soomi Niihara(1) |
|
10% |
|
8/16/2022 |
|
5 years |
|
|
250 |
|
|
|
250 |
|
|
|
— |
|
|
|
23 |
|
|
Dr. Yutaka and Soomi Niihara(1) |
|
10% |
|
8/16/2022 |
|
5 years |
|
|
1,669 |
|
|
|
1,669 |
|
|
|
— |
|
|
|
153 |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
8/17/2022 |
|
On Demand |
|
|
50 |
|
|
|
50 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
10/20/2022 |
|
On Demand |
|
|
100 |
|
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
Hope International Hospice, Inc.(1) |
|
10% |
|
3/17/2023 |
|
On Demand |
|
|
100 |
|
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
Dr. Yutaka and Soomi Niihara(1) |
|
10% |
|
3/21/2023 |
|
On Demand |
|
|
127 |
|
|
|
127 |
|
|
|
— |
|
|
|
— |
|
|
Wei Peu Zen(2) |
|
60% |
|
12/1/2023 |
|
2 months |
|
|
350 |
|
|
|
700 |
|
|
|
350 |
|
|
|
70 |
|
|
|
|
|
|
|
|
Subtotal |
|
$ |
5,693 |
|
|
$ |
6,193 |
|
|
$ |
500 |
|
|
$ |
292 |
|
|
|
|
|
|
|
|
Total |
|
$ |
5,693 |
|
|
$ |
6,193 |
|
|
$ |
500 |
|
|
$ |
292 |
|
(1)Dr. Niihara, a former Director and former Chairman and Chief Executive Officer of the Company, is also a director and the Chief Executive Officer of Hope International Hospice, Inc.
(3)
Carrying amount of this loan includes $75,000 of unamortized discount.
|