Non-Invasive Monitoring Systems arranged two short-term insider financings totaling $300,000 to bolster liquidity. On May 7, 2026, the company issued an 11% promissory note for $200,000 to Frost Gamma Investments Trust, an affiliate of director Dr. Phillip Frost, and a separate 11% note for $100,000 to Chairman and Interim CEO Jane Hsiao. Both notes mature on June 30, 2026, with interest due at maturity, and are prepayable without penalty. The transactions provide immediate working capital from related parties while preserving flexibility.
Agreement 1: Non-Invasive Monitoring Systems Borrows $200,000 at 11% From Frost Gamma, Due Jun 30, 2026
- Agreement type: Short-term promissory note
- Counterparty: Frost Gamma Investments Trust
- Signed / Effective: May 07 2026 / same
- Duration / Termination: Matures Jun 30 2026
- Reason: Provide short-term working capital
Agreement 2: Non-Invasive Monitoring Systems Secures $100,000 at 11% From Jane Hsiao, Due Jun 30, 2026
- Agreement type: Short-term promissory note
- Counterparty: Jane Hsiao
- Signed / Effective: May 07 2026 / same
- Duration / Termination: Matures Jun 30 2026
- Reason: Provide short-term working capital
Original SEC Filing:
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