debtconfidence high
NIMS borrows $300K from related parties at 11% due June 30, 2026
NON INVASIVE MONITORING SYSTEMS INC /FL/
- $200K promissory note issued to Frost Gamma Investments Trust, controlled by director Dr. Phillip Frost.
- $100K promissory note issued to Jane Hsiao, Chairman and Interim CEO; both notes bear 11% annual interest.
- Both notes mature June 30, 2026; may be prepaid without penalty.
- Frost Gamma Trust and Hsiao each beneficially own over 10% of NIMS common stock.
item 1.01item 2.03item 9.01
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