|
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, 2022 (in thousands):
|
Class
|
Lender
|
|
Interest
Rate
|
|
|
Date of
Loan
|
|
Term of Loan
|
|
Principal Amount Outstanding at June 30, 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
|
|
|
|
1
|
|
|
|
|
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
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
$
|
2,871
|
|
|
$
|
2,921
|
|
|
$
|
50
|
|
|
$
|
1
|
|
|
|
Revolving line of credit agreement
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yutaka Niihara (2)
|
|
5.25% (4)
|
|
|
12/27/2019
|
|
Due on Demand
|
|
|
400
|
|
|
|
400
|
|
|
|
—
|
|
|
|
10
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
400
|
|
|
|
400
|
|
|
|
—
|
|
|
|
10
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
3,271
|
|
|
$
|
3,321
|
|
|
$
|
50
|
|
|
$
|
11
|
|
|
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% (4)
|
|
|
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, 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.
|
(3)Dr. Osato, a director of Emmaus, and his wife are the sole owner of Osato Medical Clinic.
(4)The rate varies with changes in the prime rate and does not give effect to the “tax gross-up” described in Note 7.
|