v3.25.2
Other Long-Term Loans
6 Months Ended
Jun. 30, 2025
Other Long-Term Loans  
Other Long-Term Loans

Note 14 - Other Long-Term Loans

 

Other Long-Term Loans consisted of the following as of June 30, 2025, and December 31, 2024:

 

a. Summary of Other Long-Term Loans to Unrelated Parties

 

AiChat has obtained multiple long-term loans from external lenders at an average interest rate of 6.5%. These loans support general operating needs and carry varying repayment terms. The balance also includes a vehicle loan related to a Naamche-owned vehicle that was sold during the period, resulting in a loss of $48,188 recognized in the statement of operations.

 

 

 

Maturity Year

 

Average Interest Rate as of June 30, 2025

 

 

June 30, 2025

 

 

December 31,

2024

 

Term Loan Facility

 

2024-2028 

 

 

6.5%

 

$164,595

 

 

$210,866

 

Vehicle Loan

 

2029

 

 

11%

 

 

 

 

 

48,188

 

Less: Interest Reserve

 

 

 

 

 

 

 

 

(11,670)

 

 

(17,933)

 

 

 

 

 

 

 

 

$152,925

 

 

$241,121