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| Related Party Transactions | Note 9 - Related Party Transactions
Loans from Related Parties
During the six months ended June 30, 2025, the Company entered into related party loan transactions with AiChat’s Chief Executive Officer and director, Kester Poh, board member Balaji Swaminathan, and Sea Easy Capital Ltd. (“SEA”). AiChat has a financing arrangement with SEA, a Singapore-based entity that the spouse of Balaji Swaminathan, a member of the Company’s board of directors, controls by virtue of her ownership or control of a majority (51%) of the capital stock of SEA. Mr. Swaminathan also serves on the advisory board of SEA. All loans were provided on terms consistent with those offered to unrelated third parties.
As of June 30, 2025, the Company had outstanding related party loans from three parties as described above. The loan from Mr. Poh to AiChat had an outstanding balance of approximately $104,028, consisting of $86,562 in principal and $17,466 in accrued interest. The loan from Mr. Swaminathan had an outstanding balance of approximately $49,113, including $48,613 in principal and $500 in accrued interest. The loans to AiChat from SEA’s financing arrangement had an outstanding balance of approximately $177,646, comprised of $156,778 in principal and $20,868 in accrued interest.
a. Summary of Short-Term Loans to Related Parties
b. Summary of Other Long-Term Loans to Related Parties
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