---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-026234"
form_type: "8-K"
ticker: "NIMU"
cik: "0000720762"
company_name: "NON INVASIVE MONITORING SYSTEMS INC /FL/"
filed_at: "2022-09-19T23:59:59+00:00"
generated_at: "2026-06-23T08:56:29.307144+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# NIMS borrows $150K from related parties via two 11% promissory notes due Oct 2023

## Summary
- NIMS executed two $75,000 promissory notes with Frost Gamma Investments Trust (Dr. Phillip Frost) and Chairman/Interim CEO Jane Hsiao.
- Each note bears 11% annual interest, matures on October 4, 2023, and is prepayable without penalty.
- Both lenders are related parties: Frost Gamma beneficially owns >10% of NIMS; Hsiao is Chairman/Interim CEO and >10% holder.

## SEC filing metadata
- accession: 0001493152-22-026234
- form_type: 8-K
- ticker: NIMU
- cik: 0000720762
- company_name: NON INVASIVE MONITORING SYSTEMS INC /FL/
- filed_at: 2022-09-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720762/000149315222026234/0001493152-22-026234-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720762/000149315222026234/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-026234
- JSON: https://secwatch.observer/filing/0001493152-22-026234.json
- Plain text: https://secwatch.observer/filing/0001493152-22-026234.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.