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LOAN HELD-FOR-INVESTMENT, RELATED PARTY
12 Months Ended
Dec. 31, 2022
Loan Held-for-investment Related Party  
LOAN HELD-FOR-INVESTMENT, RELATED PARTY

7. LOAN HELD-FOR-INVESTMENT, RELATED PARTY

 

Loan held-for-investment, related party, represents a senior secured promissory note (“Note”) from Wattum Management Inc., a non-controlling member of CW Machines, LLC, a related party. The note bears interest of 5% per annum and matures on October 12, 2026 with the entire outstanding principal and accrued interest due at maturity date. The Note is secured by assets of Wattum Management, Inc. At December 31, 2022 and 2021, the principal amount of the loan held for investment was $2,224,252 and $4,000,000, respectively.

 

 

EIGHTCO HOLDINGS INC.

(f/k/a CRYPTYDE, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

For the Years ended December 31, 2022 and 2021