v3.26.1
NOTES PAYABLE, RELATED PARTY
3 Months Ended
Mar. 31, 2026
Notes Payable Related Party  
NOTES PAYABLE, RELATED PARTY

11. NOTES PAYABLE, RELATED PARTY

 

Notes payable, related party at March 31, 2026 and December 31, 2025, were comprised of the following:

                   
   Interest rate  Effective rate  Due date  March 31, 2026   December 31, 2025 
Ault & Company demand promissory note  10%  9.5%  Upon demand  $850,000   $1,635,000 
Notes from officers - TurnOnGreen, in default  14%  14.0%  Past due   51,000    51,000 
Total notes payable           $901,000   $1,686,000 

 

 

Summary of interest expense, related party, recorded within interest expense on the condensed consolidated statement of operations:

        
   For the Three Months Ended March 31, 
   2026   2025 
Interest expense, related party  $28,000   $2,000