{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-033465","form_type":"8-K","ticker":"PRPH","cik":"0000868278","company_name":"ProPhase Labs, Inc.","filed_at":"2024-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.091662+00:00","generated_at":"2026-05-31T08:22:33.461581+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ProPhase increases debt to $10M at 15% interest; adds risk factor on debt service","bullets":["Amended note principal increased from $7.6M to $10.0M; additional net cash of ~$2.31M after interest.","Note matures Aug 15, 2027, with 15% annual interest, quarterly payments; prepayable without penalty.","As of June 30, 2024, company had $13.6M total debt (net of discounts) and only $2.4M cash.","Proceeds for working capital, capex, product development, and M&A.","New risk factor warns cash flow may not be sufficient to service debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-033465","json":"https://secwatch.observer/filing/0001493152-24-033465.json","markdown":"https://secwatch.observer/filing/0001493152-24-033465.md","text":"https://secwatch.observer/filing/0001493152-24-033465.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/868278/000149315224033465/0001493152-24-033465-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/868278/000149315224033465/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T08:22:33.461581+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}