{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-004190","form_type":"8-K","ticker":"KITL","cik":"0001608092","company_name":"Kisses From Italy Inc.","filed_at":"2023-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.648702+00:00","generated_at":"2026-06-13T22:47:08.989200+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Kisses from Italy issues $110K promissory note to Firstfire Global; receives $100K net","bullets":["Issued $110,000 promissory note with 10% interest, due June 5, 2024; net proceeds $100,000 after $10,000 OID.","Note convertible at $0.01/share; warrant to purchase 1,000,000 shares at $0.10/share exercisable for 5 years.","Issued 500,000 commitment shares as additional consideration; sale exempt under Section 4(2) and Regulation D.","Upon default, interest increases to lesser of 18% or maximum allowed by law; prepayment permitted without penalty."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-004190","json":"https://secwatch.observer/filing/0001683168-23-004190.json","markdown":"https://secwatch.observer/filing/0001683168-23-004190.md","text":"https://secwatch.observer/filing/0001683168-23-004190.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823004190/0001683168-23-004190-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823004190/kisses_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T22:47:08.989200+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":"ca20a0fa5b67c2074bad56179f9b9de7f169ca40","claim":"Kisses From Italy Inc. incurred loan of $110,000.00 with Firstfire Global Opportunity Fund, LLC at 10% per annum maturing June 5, 2024.","evidence_excerpt":"Global Opportunity Fund, LLC, a Delaware limited liability company (“Lender”), pursuant to which the Company issued to the Lender a promissory note in the principal amount of $110,000.00 (the “Note”). The Company received $100,000 gross proceeds from Lender due to the original issue discount on the Note. In connection with the execution and delivery of the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823004190/0001683168-23-004190-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$110,000.00"},{"label":"Counterparty","value":"Firstfire Global Opportunity Fund, LLC"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"June 5, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"66e7c983bb25146fcc4202dc482dde3b487d5a5f","claim":"Kisses From Italy Inc. entered into Securities Purchase Agreement with Firstfire Global Opportunity Fund, LLC valued at $110,000.00 (effective 2023-06-06).","evidence_excerpt":"On June 6, 2023, but effective on June 12, 2023, Kisses from Italy, Inc., a Florida corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Firstfire Global Opportunity Fund, LLC, a Delaware limited liability company (“Lender”), pursuant to which the Company issued to the Lender a promissory note in the principal amount of $110,000.00 (the “Note”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823004190/0001683168-23-004190-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Firstfire Global Opportunity Fund, LLC"},{"label":"Value","value":"$110,000.00"},{"label":"Effective","value":"2023-06-06"}],"fact_type":"material_agreement"},{"claim_id":"becb70eb79b46243af6bb0a58ad9ff3e9ecba06b","claim":"Kisses From Italy Inc. entered into Note with Firstfire Global Opportunity Fund, LLC valued at $110,000.00 (effective 2023-06-06).","evidence_excerpt":"pursuant to which the Company issued to the Lender a promissory note in the principal amount of $110,000.00 (the “Note”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823004190/0001683168-23-004190-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Firstfire Global Opportunity Fund, LLC"},{"label":"Value","value":"$110,000.00"},{"label":"Effective","value":"2023-06-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}