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LINES OF CREDIT – RELATED PARTIES
12 Months Ended
Dec. 31, 2024
Related Party [Member]  
Defined Benefit Plan Disclosure [Line Items]  
LINES OF CREDIT – RELATED PARTIES

15. LINES OF CREDIT – RELATED PARTIES

 

Principal due under the lines of credit – related parties was as follows at December 31, 2024 and December 31, 2023: 

 

  

December 31,

2024

  

December 31,

2023

 
           
Lines of credit, 12%-18%  $3,525,000   $3,425,000 

 

Interest expense under lines of credit – related parties was $495,542 and $339,987 for the years ended December 31, 2024 and 2023, respectively.

 

The lines of credit – related parties are collateralized by the inventory of the Company.