v3.26.1
Short-term Loans – Related Party
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Short-term Loans – Related Party

9. Short-term Loans – Related Party

 

Short-term loans – related party as of June 30, 2026 and December 31, 2025 consisted of the following:

 

          June 30,   December 31, 
   Interest Rate   Maturity  2026   2025 
V-Cube Inc.   6.00%  June 30, 2026  $   $465 
Wizlearn Technologies Pte. Ltd.   6.00%  June 30, 2026       1,665 
Pave Education Pte. Ltd.   6.00%  June 30, 2026       2,321 
Naoaki Mashita   6.00%  December 31, 2026   120    120 
Naoaki Mashita   6.00%  June 30, 2026   310     
Total short-term loans          $430   $4,571 

 

The Company’s outstanding short-term loans from related parties are unsecured and are contractually repayable at their respective maturity dates in accordance with the underlying loan agreements. The $0.31 million loan from Naoaki Mashita matured on June 30, 2026 and was repaid in full on July 2, 2026. Following the repayment, the remaining outstanding loan from Naoaki Mashita was $0.12 million, which is contractually due on December 31, 2026.