NOTE 11 – LOAN AND INTEREST RECEIVABLE — RELATED PARTY

In February 2021, the Company loaned $200,000 to a wholly owned subsidiary of Suzhou Snail. The loan bears 2.0% per annum interest, interest and principal were due in February 2022. In February 2022, Suzhou Snail signed an agreement with this subsidiary and assumed the loan and related interest for a total of $203,890. Subsequently, $103,890 was offset against the loan and interest payable owed to Suzhou Snail on a separate note. The total amount of loan and interest receivable — related party was $108,252 and $107,759, as of March 31, 2026 and December 31, 2025, respectively. The Company earned $493 in interest on the related party loans receivable during the three months ended March 31, 2026 and 2025.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements