Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Tables)

v3.19.3
RELATED PARTY TRANSACTIONS (Tables)
9 Months Ended
Sep. 30, 2019
Related Party Transactions [Abstract]  
Schedule of outstanding loans from related parties

The following table sets forth information relating to our loans from related persons outstanding on or at any time during the nine months ended September 30, 2019 (in thousands):

Class

Lender

 

Interest

Rate

 

 

Date of

Loan

 

Term of Loan

 

Principal Amount Outstanding at September 30, 2019

 

 

Highest

Principal

Outstanding

 

 

Amount of

Principal

Repaid or

Converted

into Stock

 

 

Amount of

Interest

Paid

 

 

Conversion

Rate

 

 

Shares Underlying Notes September 30, 2019

 

Current, Promissory note payable to related parties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lan T. Tran (2)

 

10%

 

 

4/29/2016

 

Due on Demand

 

 

20

 

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hope Hospice (1)

 

10%

 

 

6/3/2016

 

Due on Demand

 

 

 

 

 

250

 

 

 

250

 

 

 

78

 

 

 

 

 

 

 

 

Lan T. Tran (2)

 

10%

 

 

2/9/2017

 

Due on Demand

 

 

 

 

 

12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

$

80

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

193

 

 

$

16,159

 

 

$

15,077

 

 

$

1,633

 

 

 

 

 

 

 

 

 

(1)

Dr. Niihara, a Director and the Chairman, and Chief Executive Officer of the Company, is also the Chief Executive Officer of Hope Hospice.

(2)

Officer.

(3)

Director.

(4)

Mr. Zen, a Director of the Company, is the sole owner of Profit Preview International Group, Ltd.

The following table sets forth information relating to our loans from related persons outstanding at any time during the year ended December 31, 2018:

Class

Lender

 

Interest

Rate

 

 

Date of

Loan

 

Term of Loan

 

Principal Amount Outstanding at December 31, 2018

 

 

Highest

Principal

Outstanding

 

 

Amount of

Principal

Repaid or

Converted

into Stock

 

 

Amount of

Interest

Paid

 

 

Conversion

Rate

 

 

Shares Underlying Notes December 31, 2018

 

Current, Promissory note payable to related parties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Masaharu & Emiko Osato (3)

 

11%

 

 

12/29/2015

 

Due on Demand

 

$

 

 

$

300

 

 

$

300

 

 

$

76

 

 

 

 

 

 

 

 

Lan T. Tran (2)

 

11%

 

 

2/10/2016

 

Due on Demand

 

 

 

 

 

131

 

 

 

131

 

 

 

29

 

 

 

 

 

 

 

 

Masaharu & Emiko Osato (3)

 

11%

 

 

2/25/2016

 

Due on Demand

 

 

 

 

 

400

 

 

 

400

 

 

 

94

 

 

 

 

 

 

 

 

Lan T. Tran (2)

 

10%

 

 

4/29/2016

 

Due on Demand

 

 

20

 

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hope Hospice (1)

 

10%

 

 

6/3/2016

 

Due on Demand

 

 

250

 

 

 

250

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lan T. Tran (2)

 

10%

 

 

2/9/2017

 

Due on Demand

 

 

12

 

 

 

12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yutaka Niihara (2)(3)

 

10%

 

 

9/14/2017

 

Due on Demand

 

 

27

 

 

 

904

 

 

 

877

 

 

 

95

 

 

 

 

 

 

 

 

Lan T. Tran (2)

 

11%

 

 

2/10/2018

 

Due on Demand

 

 

159

 

 

 

159

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal

 

$

468

 

 

$

2,176

 

 

$

1,708

 

 

$

294

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current, Convertible notes payable to related parties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yasushi Nagasaki (2)

 

10%

 

 

6/29/2012

 

Due on Demand

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

$

3.30

 

 

 

74

 

 

Yutaka & Soomi Niihara (2)(3)

 

10%

 

 

11/16/2015

 

2 years

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

$

4.50

 

 

 

58

 

 

Wei Peu Zen (3)

 

10%

 

 

11/6/2017

 

2 years

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

250

 

 

$

10.00

 

 

 

533

 

 

 

 

 

 

 

 

 

 

Subtotal

 

$

5,400

 

 

$

5,400

 

 

$

 

 

$

250

 

 

 

 

 

 

 

665

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non Current, Convertible notes payable to related parties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Profit Preview International Group, Ltd. (4)

 

10%

 

 

2/1/2018

 

2 years

 

 

4,037

 

 

 

4,037

 

 

 

 

 

 

202

 

 

$

10.00

 

 

 

420

 

 

Profit Preview International Group, Ltd. (4)

 

10%

 

 

3/21/2018

 

2 years

 

 

5,363

 

 

 

5,363

 

 

 

 

 

 

268

 

 

$

10.00

 

 

 

552

 

 

 

 

 

 

 

 

 

 

Subtotal

 

$

9,400

 

 

$

9,400

 

 

$

 

 

$

470

 

 

 

 

 

 

 

972

 

 

 

 

 

 

 

 

 

 

Total

 

$

15,268

 

 

$

16,976

 

 

$

1,708

 

 

$

1,014

 

 

 

 

 

 

 

1,637

 

 

(1)

Dr. Niihara, a Director and the Chairman, and Chief Executive Officer of the Company, is also the Chief Executive Officer of Hope Hospice.

(2)

Officer

(3)

Director

(4)

Mr. Zen, a Director of the Company, is the sole owner of Profit Preview International Group, Ltd.