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:   2025-08-28T23:59:59+00:00
Accession:  0001493152-25-012445
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NIMS enters $25K promissory note with Frost Gamma Investments Trust at 11% interest
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720762/000149315225012445/0001493152-25-012445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720762/000149315225012445/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-012445

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