other
confidence high
sentiment neutral
materiality 0.20
NIMS enters $25K promissory note with Frost Gamma Investments Trust at 11% interest
NON INVASIVE MONITORING SYSTEMS INC /FL/
- Principal $25,000, interest 11% per annum, due December 31, 2025.
- Note prepayable without penalty; proceeds for general corporate purposes.
- Related-party transaction: Frost Gamma controlled by Dr. Phillip Frost, a >10% owner.
- Payable on maturity date; all costs of collection including attorneys' fees.
- No financial impact disclosed; small-scale short-term debt financing.
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