debt
confidence high
sentiment neutral
materiality 0.55
Spine Injury Solutions reduces director debt $33,946 via AR transfer; note extended to June 2022
Bimergen Energy Corp
- Transferred $84,865 in accounts receivable to SPIN Collections LLC, owned by director Peter Dalrymple, in exchange for $33,946 reduction on his $430,000 promissory note.
- Extended maturity date of Dalrymple's secured note from Aug 31, 2021 to June 30, 2022.
- Note originally $610,000, bearing 6% interest, collateralized by all accounts receivable and stock of subsidiary Quad Video Halo.