| LONG-TERM LOANS |
NOTE
12 — LONG-TERM LOANS
As
of June 30, 2025 and December 31, 2024, the Company’s long-term loans from banks and other financial institution consist of the
following:
SCHEDULE
OF LONG TERM LOANS
| Indebtedness | |
Weighted Average Interest Rate* | | |
Weighted Average Years to Maturity* | | |
June 30, 2025 | | |
December 31, 2024 | |
| Guaranteed loans | |
| | | |
| | | |
| | | |
| | |
| Fixed rate loan | |
| 0.01 | % | |
| 0.03 | | |
$ | 80,824 | | |
$ | 90,274 | |
| Variable rate loans | |
| 1.19 | % | |
| 2.39 | | |
| 7,020,102 | | |
| 6,473,490 | |
| Subtotal | |
| 1.20 | % | |
| 2.42 | | |
| 7,100,926 | | |
| 6,563,764 | |
| | |
| | | |
| | | |
| | | |
| | |
| Unsecured loan | |
| | | |
| | | |
| | | |
| | |
| Fixed rate loan | |
| — | | |
| — | | |
| — | | |
| 35,742 | |
| Subtotal | |
| — | | |
| — | | |
| — | | |
| 35,742 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total long-term loans | |
| 1.20 | % | |
| 2.42 | | |
| 7,100,926 | | |
| 6,599,506 | |
| | |
| | | |
| | | |
| | | |
| | |
| Less: current portion | |
| | | |
| | | |
| (69,420 | ) | |
| (96,824 | ) |
| Non-current portion | |
| | | |
| | | |
$ | 7,031,506 | | |
$ | 6,502,682 | |
| * |
Pertained
to information for loans outstanding as of June 30, 2025. |
The
Company borrowed loans from various banks and a financial institution for working capital purposes.
Interest
expense was $46,674 and $7,424 for the three months ended June 30, 2025 and 2024, respectively, and $50,635 and $10,432 for the six months
ended June 30, 2025 and 2024, respectively.
The
guarantee information of the Company’s outstanding loans as of June 30, 2025 and December 31, 2024 consists of the following:
SCHEDULE
OF OUTSTANDING LOANS
| | |
June 30, 2025 | | |
December 31, 2024 | |
| Co-guaranteed by CEO of subsidiaries within the Company’s organizational structure and Tokyo Credit Guarantee Association | |
$ | 164,430 | | |
$ | 185,766 | |
| Guaranteed by a subsidiary within the Company’s organizational structure | |
$ | 6,936,496 | | |
$ | 6,377,998 | |
As
of June 30, 2025, future minimum payments for long-term loans are as follows:
SCHEDULE
OF MATURITIES OF LONG TERM DEBT
| Years ending December 31, | |
Principal Repayment | |
| Remaining of 2025 | |
$ | 31,818 | |
| 2026 | |
| 69,420 | |
| 2027 | |
| 6,999,688 | |
| Thereafter | |
| — | |
| Total | |
$ | 7,100,926 | |
SBC
MEDICAL GROUP HOLDINGS INCORPORATED
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
|