{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-095403","form_type":"8-K","ticker":null,"cik":"0001698113","company_name":"ID Auto, Inc.","filed_at":"2023-12-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.091128+00:00","generated_at":"2026-06-07T13:32:22.395092+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"PARTS iD enters amended $2.3M secured note with CEO & CIO; proceeds for working capital","bullets":["Amended note totals $2.3M: $1M from CIO Sanjiv Gomes (7.75% interest) and $1.3M from CEO Lev Peker (0% interest), maturing Dec 11, 2024.","Note is junior secured and subordinated to Lind Global Fund II debt; proceeds used for working capital and debt repayment.","Company states the note is intended to bridge to a possible debtor-in-possession financing facility, signaling financial distress.","All disinterested directors and Audit Committee approved the insider transaction."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-095403","json":"https://secwatch.observer/filing/0001213900-23-095403.json","markdown":"https://secwatch.observer/filing/0001213900-23-095403.md","text":"https://secwatch.observer/filing/0001213900-23-095403.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698113/000121390023095403/0001213900-23-095403-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698113/000121390023095403/ea189896-8k_partsid.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T13:32:22.395092+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"29b8925b888dfe9cd073893fa6d82e6b3783ee6a","claim":"ID Auto, Inc. incurred debt of $2,300,000 with Sanjiv Gomes and Lev Peker at 7.75% per annum (on Gomes portion); 0% (on Peker portion) maturing December 11, 2024.","evidence_excerpt":"The total aggregate principal amount of the Amended Note is $2,300,000. The Amended Note matures on December 11, 2024 (the “Maturity Date”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698113/000121390023095403/0001213900-23-095403-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$2,300,000"},{"label":"Counterparty","value":"Sanjiv Gomes and Lev Peker"},{"label":"Rate","value":"7.75% per annum (on Gomes portion); 0% (on Peker portion)"},{"label":"Maturity","value":"December 11, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}