{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-006110","form_type":"8-K","ticker":"KITL","cik":"0001608092","company_name":"Kisses From Italy Inc.","filed_at":"2023-08-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.541945+00:00","generated_at":"2026-06-11T02:52:56.163877+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Kisses from Italy issues $115K 10% promissory note to Coventry Enterprises with equity kickers","bullets":["Issued $115,000 10% promissory note to Coventry Enterprises; net proceeds $105,000 after $10,000 original issue discount.","Issued 500,000 commitment shares, warrant for 862,500 shares at $0.10 exercise price, and 1,500,000 returnable shares.","Note converts at $0.01 per share; default triggers 24% interest and conversion price drops to $0.005.","Note matures August 22, 2024; interest payable in common stock.","Securities issued in unregistered transaction under Section 4(2) and Regulation D."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-006110","json":"https://secwatch.observer/filing/0001683168-23-006110.json","markdown":"https://secwatch.observer/filing/0001683168-23-006110.md","text":"https://secwatch.observer/filing/0001683168-23-006110.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823006110/0001683168-23-006110-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823006110/kisses_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T02:52:56.163877+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":"2b7a528d151c2996d6d404f3a40ece5acb43e1d1","claim":"Kisses From Italy Inc. incurred loan of $115,000.00 with Coventry Enterprises, LLC at 10% per annum maturing August 22, 2024.","evidence_excerpt":"On August 22, 2023 (the “Issue Date”), Kisses from Italy, Inc., a Florida corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Coventry Enterprises, LLC, (the “Buyer”), pursuant to which the Company issued to the Buyer a 10% promissory note in the principal amount of $115,000.00 (the “Note”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823006110/0001683168-23-006110-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$115,000.00"},{"label":"Counterparty","value":"Coventry Enterprises, LLC"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"August 22, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"af9e6f924e64e47b139cf903eb8bbc9a85f02e27","claim":"Kisses From Italy Inc. entered into Securities Purchase Agreement with Coventry Enterprises, LLC valued at $115,000.00 (effective 2023-08-22).","evidence_excerpt":"On August 22, 2023 (the “Issue Date”), Kisses from Italy, Inc., a Florida corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Coventry Enterprises, LLC, (the “Buyer”), pursuant to which the Company issued to the Buyer a 10% promissory note in the principal amount of $115,000.00 (the “Note”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823006110/0001683168-23-006110-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Coventry Enterprises, LLC"},{"label":"Value","value":"$115,000.00"},{"label":"Effective","value":"2023-08-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}