Schedule of related party loans payable |
Schedule
of related party loans payable | |
| | | |
| | |
| |
June 30,
2024 | | |
December 31,
2023 | |
Original amounts due THA Family II LLC and Andrea Romanello Ferdinand, wife of former Chairman and Chief Executive Officer, Brian Ferdinand, in the amount of $1,100,000, requires six monthly payments of 14% annual interest then eighteen monthly payments of interest and principal of $68,107. | |
$ | 1,100,000 | | |
$ | - | |
| |
| | | |
| | |
Original amounts due Elana Fiore, sister-in-law of former Chairman and Chief Executive Officer, Brian Ferdinand, in the amount of $1,637,583, requires six monthly payments of 14% annual interest then eighteen monthly payments of interest and principal of $101,391. | |
| 1,637,583 | | |
| - | |
Less: Current maturities | |
| 704,034 | | |
| - | |
| |
$ | 2,033,549 | | |
$ | - | |
|