The
Company has entered into several notes payable with related parties, each of whom is a member of the Board of Directors. A summary
of notes payable - related parties as of June 30, 2026 and December 31, 2025 is as follows:
Schedule of notes payable to related party
| Terms |
|
Note Payable #1
Related Party |
|
Note Payable #2
Related Party |
|
Note Payable #3
Related Party |
|
Note Payable #4
Related Party |
| |
|
|
|
|
|
|
|
|
| Issuance dates of notes |
|
August 2022 |
|
April 2023 |
|
August 2024 |
|
February 2025 |
| Maturity date |
|
December 2026 |
|
March 2025 |
|
December 2024 |
|
March 2025 |
| Interest rate |
|
10% |
|
8% |
|
0% |
|
0% |
| Imputed interest rate |
|
N/A |
|
N/A |
|
8% |
|
8% |
| Default interest rate |
|
20% |
|
20% |
|
20% |
|
None |
| Collateral |
|
PET-CT Imaging Device |
|
PET-CT Imaging Device |
|
PET-CT Imaging Device |
|
Unsecured |
| | |
| | |
| | |
| | |
| | |
Total | |
| December 31, 2024 | |
$ | 1,200,000 | | |
$ | 150,000 | | |
$ | 100,000 | | |
$ | - | | |
$ | 1,450,000 | |
| Proceeds from issuance of note | |
| - | | |
| - | | |
| - | | |
| 100,000 | | |
| 100,000 | |
| Repayments | |
| - | | |
| (150,000 | ) | |
| (100,000 | ) | |
| (100,000 | ) | |
| (350,000 | ) |
| December 31, 2025 | |
| 1,200,000 | | |
| - | | |
| - | | |
| - | | |
| 1,200,000 | |
| Repayments | |
| (325,000 | ) | |
| - | | |
| - | | |
| - | | |
| (325,000 | ) |
| June 30, 2026 | |
$ | 875,000 | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 875,000 | |
|