secwatch.observer — SEC 8-K summary
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Issuer:     Electromedical Technologies, Inc (EMED)
CIK:        0001715819
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001104659-23-047605
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

ElectroMedical reports use-of-proceeds from property sale; $650K on Wellness Pro Plus
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- Net proceeds from March real estate sale: $1,358,710.56 (purchase price $2,000,000).
- Spent $290k on R&D, $150k on testing/tooling, $210k on inventory for the Wellness Pro Plus Infinity product.
- Total $650k deployed on product development; remaining proceeds not disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1715819/000110465923047605/0001104659-23-047605-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1715819/000110465923047605/tm2313341d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-047605

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