RELATED PARTY NOTES PAYABLE

6 Months Ended

Jun. 30, 2023

Related Party Notes Payable

RELATED PARTY NOTES PAYABLE

NOTE 7 – RELATED PARTY NOTES PAYABLE

Related party notes payable, consisted of the following as of:

	June 30, 2023			December 31, 2022
In thousands
Note payable –Marin	$	60		$	180
Note payable –Thomet		37			113
Total notes payable		97			293
Less current portion		(97	)		(293	)
Long-term portion	$	-		$	-

Note Payable -Marin

In December 2017, we entered into a $660 thousand, 1.89% annual interest rate note payable (the “Marin Note”) with two individuals from whom we previously acquired their company (in 2014). The Marin Note is payable in 60 monthly principal payments of $20 thousand beginning in October 2018. Accrued interest payable as of June 30, 2023, was $70 thousand. Accrued interest is payable at maturity.

Note Payable – Thomet

In December 2017, we entered into a $750 thousand, zero percent annual interest rate note payable (the “Thomet Note”) with an individual from whom we previously acquired his company (in 2014). The Thomet Note is payable in 60 monthly principal payments of $13 thousand beginning in October 2018.