{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-033487","form_type":"8-K/A","ticker":"PRPH","cik":"0000868278","company_name":"ProPhase Labs, Inc.","filed_at":"2024-08-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.090777+00:00","generated_at":"2026-05-31T08:09:39.156246+00:00","sec_items":["8.01","1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"ProPhase Labs issues $10M amended promissory note at 15% interest, due 2027","bullets":["Amended and restated unsecured promissory note to JXVII Trust for $10M principal, replacing $7.6M note from Jan 2023.","Note bears 15% annual interest, payable quarterly, maturing August 15, 2027; prepayable without penalty.","As of June 30, 2024, working capital $16.1M, cash $2.4M, outstanding debt $13.6M net of discounts.","Proceeds used for working capital, product development, and potential acquisitions.","Risk factor added highlights potential inability to service debt and need for additional capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-033487","json":"https://secwatch.observer/filing/0001493152-24-033487.json","markdown":"https://secwatch.observer/filing/0001493152-24-033487.md","text":"https://secwatch.observer/filing/0001493152-24-033487.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/868278/000149315224033487/0001493152-24-033487-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/868278/000149315224033487/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T08:09:39.156246+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"}