Examples of Related Party Notes in a sentence
Related Party Notes During the year ended September 30, 2020, the Company issued unsecured notes payable to Dr. Mohan, the Company’s Chairman, President and Chief Executive Officer, resulting in cash proceeds of $55,000.
Related Party Notes Pursuant to stock purchase agreements entered into on July 8, 2002, between the Company and each of Steve L.
This loan has been reflected in Related Party Notes Receivable on our Consolidated Balance Sheets.
As of November 30, 2022, the Company has issued short term demand notes to the CEO and members of his immediate family in exchange for cash loans which are classified as Related Party Notes in the table below.
Of the $1,600,000, there remains $975,941, and of that, $975,865 has been used to cover general and administrative expenses, and the repayment of a portion of the Related Party Notes.