Related Party (Tables)

6 Months Ended

Jun. 30, 2025

The related parties that had material balances as of June 30, 2025 and December 31, 2024 and transactions for the six months ended June 30, 2025 and 2024 consist of the following:

Name of Related Party		Nature of Relationship as of June 30, 2025
V-Cube, Inc.		The principal shareholder of the Company
Wizlearn Technologies Pte. Ltd.		An affiliate of the Company
Naoaki Mashita		Chief Executive Officer of V-Cube, Inc., the principal stockholder of the Company

Name of Related Party		Nature of Relationship at December 31, 2024
Dyventive, Inc		A company controlled by Dave Kovalcik, the director of V-cube Inc., the principal shareholder of the Company
GHDLCK, LLC		A company controlled by an immediate family member of Dave Kovalcik, the director of V-cube Inc., the principal shareholder of the Company
PharMethod, Inc		A company controlled by Dave Kovalcik, the director of V-cube Inc., the principal shareholder of the Company
V-Cube, Inc.		The principal shareholder of the Company
Wizlearn Technologies Pte. Ltd.		An affiliate of the Company

Schedule of Related Party Balances

The Company had the following related party balances as of June 30, 2025 and December 31, 2024:

Schedule of Related Party Balances

		June 30,		December 31,
	Nature of transactions	2025		2024
Receivable due from related parties:
Dyventive, Inc	Accounts receivable related to sales from delivered events	$	-	$	-
PharMethod, Inc	Accounts receivable related to sales from delivered events		-		-
Advance to related party:
V-Cube, Inc.	Advance payment made for IT outsourcing and market advisory services		1,792		-
V-Cube, Inc.	Advance payment made for marketing and business development		642		-
V-Cube, Inc.	Advance payment made for consultancy services		1,537		-
V-Cube, Inc.	Advance payment made for advisory services		1,024		-
Payable due to related party:
GHDLCK, LLC	Accounts payable related to rental expenses		-		83
PharMethod, Inc	Accounts payable related to operating expenses		-		73
Short-term loans due to related parties:
V-cube Inc.	Loan payable for working capital		1,555		4,062
Wizlearn Technologies Pte. Ltd.	Loan payable for working capital		1,665		1,555
Naoaki Mashita	Loan payable for working capital		450		-

Schedule of Related Party Transactions

The Company had the following related party transactions for the six months ended June 30, 2025 and 2024:

Schedule of Related Party Transactions

		Six Months Ended June 30,
	Nature of transactions	2025		2024
Revenue from related parties:
Dyventive, Inc	Sales from delivered events	$	-	$	20
PharMethod, Inc	Sales from delivered events		-		28
Selling, General and Administrative Expenses with related party:
GHDLCK, LLC	Rental expense for the Company’s office		-		54

TEN Holdings, Inc. 10-Q