{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-004116","form_type":"8-K","ticker":null,"cik":"0000884650","company_name":"INFINITE GROUP INC","filed_at":"2023-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.387729+00:00","generated_at":"2026-06-17T08:46:46.730818+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Infinite Group amends $250K line of credit with James Leonardo; CEO provides personal guarantee","bullets":["Amended and restated line of credit note with James V. Leonardo for $250,000 principal, interest at 10% per annum.","Quarterly interest payments of $6,250 due from Dec 31, 2022 through Sep 30, 2023; principal due at maturity.","CEO James Villa personally guarantees the company's obligations under the new note.","All prior amounts owed by RES Exhibit Services (owned by Leonardo) to the company were set off against amounts owed by company to Leonardo under the original note.","Parties executed a mutual release of all claims except those under the new note and related agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-004116","json":"https://secwatch.observer/filing/0001654954-23-004116.json","markdown":"https://secwatch.observer/filing/0001654954-23-004116.md","text":"https://secwatch.observer/filing/0001654954-23-004116.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/884650/000165495423004116/0001654954-23-004116-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/884650/000165495423004116/igi_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T08:46:46.730818+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":"aa3d5e5a1ca2ed36761c5860fb31778bb22adfd6","claim":"INFINITE GROUP INC incurred debt of $250,000 with James V. Leonardo at ten percent (10%) per annum maturing September 30, 2023.","evidence_excerpt":"On March 17, 2023, Infinite Group, Inc. (the “Company”), as borrower, entered into an Amended and Restated Line of Credit Note and Agreement (the “New Note”) effective as of October 1, 2022, which amended and restated that certain Line of Credit Note and Agreement dated March 14, 2016 (the “Original Note”) by and between the Company and James V. Leonardo (the “Holder,” together with the Company the “Parties”). The New Note has a principal amount of $250,000 (the ‘Principal Amount”) and accrues interest on the unpaid Principal Amount at a rate of ten percent (10%) per annum.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/884650/000165495423004116/0001654954-23-004116-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$250,000"},{"label":"Counterparty","value":"James V. Leonardo"},{"label":"Rate","value":"ten percent (10%) per annum"},{"label":"Maturity","value":"September 30, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"81086dda4833361fc46f9a267f06d44ed4dfed19","claim":"INFINITE GROUP INC amended Amended and Restated Line of Credit Note and Agreement with James V. Leonardo valued at $250,000 (effective 2023-03-17).","evidence_excerpt":"On March 17, 2023, Infinite Group, Inc. (the “Company”), as borrower, entered into an Amended and Restated Line of Credit Note and Agreement (the “New Note”) effective as of October 1, 2022, which amended and restated that certain Line of Credit Note and Agreement dated March 14, 2016 (the “Original Note”) by and between the Company and James V. Leonardo","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/884650/000165495423004116/0001654954-23-004116-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"James V. Leonardo"},{"label":"Value","value":"$250,000"},{"label":"Effective","value":"2023-03-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}