The repeated maturity extensions on insider notes signal ongoing cash constraints at a micro-cap OTC company. Monitor for further extensions or potential default in September 2026. The company's ability to raise external financing appears limited given reliance on related-party debt.
Price Chart
Executive Summary
Non-Invasive Monitoring Systems (NIMU) extended the maturity dates on four promissory notes totaling $300,000 in principal from related parties (Chairman/CEO Jane Hsiao and director Phillip Frost) by three months, from June 30, 2026 to September 30, 2026. This is the fourth amendment to each note, indicating the company continues to rely on insider debt and has been unable to repay on the original schedule. The extension provides short-term liquidity relief but signals ongoing cash constraints at a micro-cap OTC-traded company.
Key Financial Metrics
Key Facts
- NIMS entered into Fourth Amendments to four promissory notes with related parties (Chairman/CEO Jane Hsiao and director Phillip Frost), each in the principal amount of $75,000, totaling $300,000.
- The maturity date on all four notes was extended from June 30, 2026 to September 30, 2026 — a three-month extension.
- This is the fourth amendment to each note, indicating repeated inability to repay on schedule.
- No other terms of the notes were amended; no new principal was advanced.
Financial Impact
Total principal of $300,000 in related-party promissory notes extended by 3 months; no new cash raised.
Risk Factors
- Inability to repay $300,000 in related-party notes at the September 30, 2026 maturity date, leading to further extensions or default.
- Continued reliance on insider financing suggests limited access to external capital markets.
- Repeated amendments (fourth time) indicate chronic cash flow issues at a micro-cap OTC company.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-031647 |
| Exhibit: ex10-3.htm | 0001493152-26-031647 |
| Exhibit: ex10-1.htm | 0001493152-26-031647 |
| Exhibit: ex10-2.htm | 0001493152-26-031647 |
| Exhibit: ex10-4.htm | 0001493152-26-031647 |
| Document: 0001493152-26-031647-index-headers.html | 0001493152-26-031647 |
| Document: 0001493152-26-031647-index.html | 0001493152-26-031647 |
| Document: 0001493152-26-031647.txt | 0001493152-26-031647 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 6d ago | S-1/A | $10.81 | awaiting T+5 | — | $10.81 (+0.00%) |
Oct 19, 2026 6d ago | S-4/A | $10.81 | awaiting T+5 | — | $10.81 (+0.00%) |
Oct 19, 2026 7d ago | 8-K | $10.81 | awaiting T+5 | — | $10.81 (+0.00%) |
Oct 9, 2026 16d ago | S-1/A | $10.81 $10.81 | · 0.00% | ▲ +1.49% | $10.81 (+0.00%) |
Oct 9, 2026 16d ago | S-4/A | $10.81 $10.81 | · 0.00% | ▲ +1.49% | $10.81 (+0.00%) |
Oct 6, 2026 20d ago | S-1/A | $11.50 $10.81 | ▼ −6.00% | ▼ −5.86% | $10.81 (−6.00%) |
Oct 5, 2026 20d ago | S-4/A | $11.50 $10.81 | ▼ −6.00% | ▼ −5.86% | $10.81 (−6.00%) |
Oct 5, 2026 20d ago | 8-K | $11.50 $10.81 | ▼ −6.00% | ▼ −5.86% | $10.81 (−6.00%) |
Oct 2, 2026 23d ago | 8-K | $11.50 $10.81 | ▼ −6.00% | ▼ −6.42% | $10.81 (−6.00%) |
Sep 24, 2026 4w ago | S-4/A | $11.50 $11.50 | · 0.00% | ▲ +0.22% | $10.81 (−6.00%) |
US Market Status
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