v3.25.2
Short Term Loans Unrelated Parties
6 Months Ended
Jun. 30, 2025
Short Term Loans Unrelated Parties  
Short Term Loans Unrelated Parties

Note 10 – Short-Term Loans Unrelated parties

 

Short-term loans primarily consist of multiple term loan facilities obtained by AiChat, carrying an average interest rate of approximately 8.9%. These facilities were entered into to support AiChat’s operating and working capital requirements. Additionally, short-term loans include a separate facility utilized by the Company to finance premiums related to directors’ and officers’ insurance coverage.

 

Short-term loan balances as of June 30, 2025, and December 31, 2024, are summarized as follows:

 

 

 

Average Interest 

Rate as of June 30, 2025

 

 

June 30,

2025

 

 

December 31, 2024

 

Term Loan Facility

 

 

8.9%

 

$282,191

 

 

$388,819

 

D&O Insurance

 

 

 

 

 

 

50,229

 

 

 

150,688

 

Less: Interest Reserve

 

 

 

 

 

 

(7,764)

 

 

(20,354)

Total Debt

 

 

 

 

 

$324,656

 

 

$519,153