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:   2026-05-12T20:30:25+00:00
Accession:  0001493152-26-022502
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NIMS borrows $300K from related parties at 11% due June 30, 2026
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720762/000149315226022502/0001493152-26-022502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720762/000149315226022502/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-022502

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