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NOTES PAYABLE, RELATED PARTY
6 Months Ended
Jun. 30, 2025
Notes Payable Related Party  
NOTES PAYABLE, RELATED PARTY

15. NOTES PAYABLE, RELATED PARTY

 

Notes payable, related party at June 30, 2025 and December 31, 2024, were comprised of the following:

                
   Interest rate  Due date  June 30, 2025   December 31, 2024 
Notes from officers – TurnOnGreen, in default  14%  Past due  $71,000   $46,000 
Other related party advances  No interest  Upon demand   -    118,000 
Total notes payable        $71,000   $164,000 

 

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

                
   For the Three Months Ended   For the Six Months Ended 
   June 30,   June 30, 
   2025   2024   2025   2024 
Interest expense, related party  $3,000   $3,000   $19,000   $19,000