LINES OF CREDIT – RELATED PARTIES |
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| LINES OF CREDIT – RELATED PARTIES | 15. LINES OF CREDIT – RELATED PARTIES
Principal due under the lines of credit – related parties was as follows at March 31, 2026 and December 31, 2025: SCHEDULE OF LINE OF CREDIT - RELATED PARTIES
For the three months ended March 31, 2026 and 2025, interest expense under lines of credit – related parties was $14,795 and $134,075, respectively.
The lines of credit – related parties are collateralized by the inventory of the Company.
EIGHTCO HOLDINGS INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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