v3.25.1
NOTES PAYABLE, RELATED PARTY
3 Months Ended
Mar. 31, 2025
Notes Payable Related Party  
NOTES PAYABLE, RELATED PARTY

16. NOTES PAYABLE, RELATED PARTY

 

Notes payable, related party at March 31, 2025 and December 31, 2024, were comprised of the following:

                

 

 

  Interest rate  Due date  March 31, 2025   December 31, 2024 
Notes from officers – TurnOnGreen, in default  14%  Past due  $71,000   $46,000 
Other related party advances  No interest  Upon demand   129,000    118,000 
Total notes payable        $200,000   $164,000 

 

 

Summary of interest expense, related party, recorded within interest expense on the condensed consolidated statement of operations:

        
   For the Three Months Ended March 31, 
   2025   2024 
Interest expense, related party  $2,000   $16,000