---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-038425"
form_type: "8-K"
ticker: "NIMU"
cik: "0000720762"
company_name: "NON INVASIVE MONITORING SYSTEMS INC /FL/"
filed_at: "2024-09-27T23:59:59+00:00"
generated_at: "2026-05-31T01:21:23.555367+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# NIMS issues $25K promissory note to Frost Gamma at 11% due July 2025

## Summary
- Principal amount of $25,000 borrowed from Frost Gamma Investments Trust, a related party controlled by Dr. Phillip Frost.
- Interest rate of 11% per annum; note matures on July 31, 2025.
- Note may be prepaid without penalty; proceeds used for general corporate purposes.
- Dr. Phillip Frost beneficially owns over 10% of NIMS common stock, making this a related-party transaction.

## SEC filing metadata
- accession: 0001493152-24-038425
- form_type: 8-K
- ticker: NIMU
- cik: 0000720762
- company_name: NON INVASIVE MONITORING SYSTEMS INC /FL/
- filed_at: 2024-09-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720762/000149315224038425/0001493152-24-038425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720762/000149315224038425/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-038425
- JSON: https://secwatch.observer/filing/0001493152-24-038425.json
- Plain text: https://secwatch.observer/filing/0001493152-24-038425.txt

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