{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-022502","form_type":"8-K","ticker":"NIMU","cik":"0000720762","company_name":"NON INVASIVE MONITORING SYSTEMS INC /FL/","filed_at":"2026-05-12T20:30:25+00:00","discovered_at":"2026-05-12T20:32:00.302255+00:00","generated_at":"2026-05-12T20:39:10.737702+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NIMS borrows $300K from related parties at 11% due June 30, 2026","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-022502","json":"https://secwatch.observer/filing/0001493152-26-022502.json","markdown":"https://secwatch.observer/filing/0001493152-26-022502.md","text":"https://secwatch.observer/filing/0001493152-26-022502.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/720762/000149315226022502/0001493152-26-022502-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/720762/000149315226022502/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-12T20:39:10.737702+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7e5b0690a92727c87e17f22050691a9eb83f91c4","claim":"NON INVASIVE MONITORING SYSTEMS INC /FL/ incurred loan of $200,000.00 with Frost Gamma Investments Trust at 11% per annum maturing June 30, 2026.","evidence_excerpt":"On May 7, 2026, Non-Invasive Monitoring Systems, Inc. (“NIMS”) entered into a Promissory Note in the principal amount of $200,000.00 with Frost Gamma Investments Trust (the “May 2026 Frost Gamma Note”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/720762/000149315226022502/0001493152-26-022502-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$200,000.00"},{"label":"Counterparty","value":"Frost Gamma Investments Trust"},{"label":"Rate","value":"11% per annum"},{"label":"Maturity","value":"June 30, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b1700b98af5c19703a66f1aaeacb0bd59e1321fd","claim":"NON INVASIVE MONITORING SYSTEMS INC /FL/ incurred loan of $100,000.00 with Jane Hsiao at 11% per annum maturing June 30, 2026.","evidence_excerpt":"On May 7, 2026, NIMS entered into a Promissory Note in the principal amount of $100,000.00 with Jane Hsiao (the “May 2026 Hsiao Note”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/720762/000149315226022502/0001493152-26-022502-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$100,000.00"},{"label":"Counterparty","value":"Jane Hsiao"},{"label":"Rate","value":"11% per annum"},{"label":"Maturity","value":"June 30, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}