NOTES PAYABLE, RELATED PARTY |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| NOTES PAYABLE, RELATED PARTY | 20. NOTES PAYABLE, RELATED PARTY
Notes payable, related party at December 31, 2025 and 2024, were comprised of the following:
Summary of interest expense, related party, recorded within interest expense on the consolidated statement of operations:
Ault & Company Demand Note
On September 9, 2025, the Company executed a Demand Promissory Note (the “Note”) in favor of Ault & Company to formalize prior advances and loans previously provided by Ault & Company. The Note has an original principal balance of $4.0 million, bears interest at 9.5% per annum, and is payable upon demand. The Note is unsecured.
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