{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-005789","form_type":"8-K","ticker":"BDCO","cik":"0000793306","company_name":"BLUE DOLPHIN ENERGY CO","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.243260+00:00","generated_at":"2026-06-15T23:41:58.888460+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Blue Dolphin subsidiary Lazarus Energy modifies $11.2M promissory note; monthly payments of $500k through Feb 2025","bullets":["Principal and accrued interest total $11,205,516 as of March 31, 2023; new monthly payments of $500,000 from April 2023 through February 2025.","Interest rate reset to 6.25% per year effective April 1, 2023.","Note holder agrees to forbear from remedies on existing defaults if payments are made; failure results in termination of forbearance after 30-day cure period.","Payments of $500,000 already made on April 7 and May 1, 2023.","Final payment of approximately $444,000 due in March 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-005789","json":"https://secwatch.observer/filing/0001654954-23-005789.json","markdown":"https://secwatch.observer/filing/0001654954-23-005789.md","text":"https://secwatch.observer/filing/0001654954-23-005789.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/793306/000165495423005789/0001654954-23-005789-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/793306/000165495423005789/bdco_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T23:41:58.888460+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":"e5761aadd7532d797d4e9a147e71ea69191b6311","claim":"BLUE DOLPHIN ENERGY CO amended Payment Agreement with John H. Kissick valued at $11,205,516 (effective 2023-04-30).","evidence_excerpt":"On April 30, 2023, Lazarus Energy, LLC, a Delaware limited liability company (“LE”) and wholly owned subsidiary of Blue Dolphin Energy Company, and John H. Kissick (“Note Holder”) entered into a Payment Agreement, pursuant to which Note Holder agreed to modify the payment terms of a Promissory Note dated June 1, 2006 (as subsequently amended, restated, supplemented, or modified, the “Note”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/793306/000165495423005789/0001654954-23-005789-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"John H. Kissick"},{"label":"Value","value":"$11,205,516"},{"label":"Effective","value":"2023-04-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}