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:   2025-01-24T23:59:59+00:00
Accession:  0001493152-25-003594
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Non-Invasive Monitoring Systems issues $40K promissory note to affiliate Frost Gamma at 11% due July 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720762/000149315225003594/0001493152-25-003594-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720762/000149315225003594/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-003594

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer