secwatch.observer — SEC 8-K summary
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Issuer:     ENERGY FOCUS, INC/DE (EFOI)
CIK:        0000924168
Form:       8-K
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0000924168-23-000002
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Focus issues $50K promissory note to Tingyu Lin at 8% interest, due Sept 2023
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- Principal amount $50,000, interest at 8% per annum, matures September 30, 2023.
- Note issued to Tingyu Lin on December 30, 2022; prepayment allowed any time.
- Upon default, interest rate increases to 10% per annum; holder may accelerate repayment.
- Company must notify holder within 5 business days of any event of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000002/0000924168-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000002/efoi-20221230.htm
  HTML page:      https://secwatch.observer/filing/0000924168-23-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer