SBA LOAN PAYABLE

12 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

SBA LOAN PAYABLE

NOTE 11 – SBA LOAN PAYABLE

On June 23, 2020, Vivic Corp. received an $87,500 Economic Injury Disaster Loan (“EIDL loan”) from the Small Business Administration (“SBA”). This is a low-interest federal disaster loan for working capital to small businesses and non-profit organizations of any size suffering substantial economic injury as a result of the Coronavirus (COVID-19) epidemic, to help businesses to meet financial obligations and operating expenses that could have been met had the disaster not occurred. This loan has an annual interest rate of 3.75% and is not forgivable. The maturity of the loan is 30 years, installment payments including interest of $427 monthly will begin 30 months from the loan disbursement date. For the years ended June 30, 2025 and 2024, the Company made payments of interest of $5,461 and $4,697 on the EIDL loan, respectively.

As of June 30, 2025, the future minimum EIDL loan payments for the Company to be paid by year are as follows:

Year Ending June 30,	Amount
2026	$	5,124
2027		5,124
2028		5,124
2029		5,124
2030		5,124
Thereafter		61,880
Total	$	87,500