debt
confidence high
sentiment neutral
materiality 0.55
NIMS extends maturity on $595K in related-party notes from July 31 to Dec 31, 2025
NON INVASIVE MONITORING SYSTEMS INC /FL/
- Extended maturities on eight promissory notes with Frost Gamma Investments Trust (controlled by Dr. Phillip Frost) and Dr. Jane Hsiao.
- Principal amounts: 2021 ($75K each), 2022 ($75K each), 2023 ($200K), Sept 2024 ($25K), Oct 2024 ($30K), Jan 2025 ($40K); no other terms changed.
- Notes originally due July 31, 2025 now due December 31, 2025; indicates potential near-term liquidity need.
- Dr. Phillip Frost and Dr. Jane Hsiao are directors and >10% beneficial owners; transactions are related-party.
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