secwatch.observer — SEC 8-K summary
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Issuer:     NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU)
CIK:        0000720762
Form:       8-K
Filed at:   2022-09-19T23:59:59+00:00
Accession:  0001493152-22-026234
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720762/000149315222026234/0001493152-22-026234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720762/000149315222026234/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-026234

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