debt
confidence high
sentiment neutral
materiality 0.50
Non-Invasive Monitoring Systems issues $40K promissory note to affiliate Frost Gamma at 11% due July 2025
NON INVASIVE MONITORING SYSTEMS INC /FL/
- Issued $40,000 promissory note to Frost Gamma Investments Trust, a related party controlled by Dr. Phillip Frost (10%+ owner).
- Annual interest rate of 11% per annum, payable at maturity on July 31, 2025.
- Note may be prepaid in whole or in part without penalty or premium.
- Proceeds represent a direct financial obligation; no specific use stated in filing.