debt
confidence high
sentiment neutral
materiality 0.50
VPR Brands issues $100K promissory note to CEO Kevin Frija at 24% interest
VPR Brands, LP.
- $100,001 principal note issued to CEO Kevin Frija on July 12, 2021 with 24% annual interest.
- Daily ACH deduction of $500 per business day from company account until repaid.
- Unsecured; principal and accrued interest due July 12, 2022.
- CEO is also Chairman and significant stockholder; related-party transaction.