LCTC 8-K SEC Filing Analysis

Latest settled — T+5d

LCTC ▲ +6.34% at T+5d

NEUTRAL call ✓ call won +6.34% · α vs SPY +6.43% · entry $2.05 → $2.18

Next anchor: T+20d due 7d ago

Last close $1.90 (close Jun 12) · -7.32% from $2.05 entry

Entry anchored
May 8, 2026
via day open

T+1d

0.00%

call 0.00% · α +0.14%

$2.05

settled 5w ago

T+5d

+6.34%

call +6.34% · α +6.43%

$2.18

settled 4w ago

T+20d

—

call — · α —

—

due 7d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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Executive Summary

Lifeloc Technologies entered into a $500,000 promissory note with its CFO/Chairman Vern Kornelsen, bearing 10.5% interest and secured by company assets, subordinate to existing senior debt. Proceeds will fund SpinDetect product development. The insider loan signals potential financing challenges but provides growth capital.

Key Financial Metrics

Deal Value

$500.0K

Actionable Insight

Monitor for product development milestones and any subsequent financing needs. The high insider interest rate suggests limited alternative funding sources; watch for progress on SpinDetect.

Key Facts

Promissory note of $500,000 from CFO/Chairman Vern Kornelsen
Interest rate: 10.5% per annum, adjustable with prime rate
Interest-only through Dec 31, 2026, then 60 monthly installments
Secured by company office and substantially all assets, subordinated to Citywide Banks senior debt
Proceeds for continued development of SpinDetect product

Financial Impact

$500,000 principal at 10.5% interest, secured by company assets, subordinate to $existing senior debt

debtliquidity

Risk Factors

Related-party transaction with potential conflicts of interest
High interest rate (10.5%) increases financial burden
Collateral risk if company defaults on subordinate loan

Market Snapshot

Exchange

OTC

Sector

Laboratory Analytical Instruments

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001079973-26-000624
Document: 0001079973-26-000624-index-headers.html	0001079973-26-000624
Document: 0001079973-26-000624-index.html	0001079973-26-000624
Document: 0001079973-26-000624.txt	0001079973-26-000624

3 reports for LCTC

T+1T+5T+20T+60

Filters

Reports for LCTC — sortable, filterable
	Type				Now
Jun 5, 2026 9d ago	8-K NEUTRAL ★ 3/10	$2.20 awaiting T+5	awaiting T+5	—	$1.90 (−13.64%)
May 19, 2026 26d ago	8-K NEUTRAL ★ 4/10	$2.18 $2.18	· 0.00%	▼ −2.25%	$1.90 (−12.84%)
May 8, 2026 5w ago	8-K NEUTRAL ★ 4/10	$2.05 $2.18	▲ +6.34%	▲ +6.43%	$1.90 (−7.32%)

US Market Status

Market Closed — Opens in 4h

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