KORU Medical Systems Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

DEBT OBLIGATIONS (Details Narrative)

v3.22.1

DEBT OBLIGATIONS (Details Narrative) - USD ($)	Jul. 26, 2021	Jun. 24, 2021	Apr. 27, 2020	Apr. 14, 2020	Jun. 30, 2021
Key Equipment Finance [Member] \| Progress Payment Loan and Security Agreement [Member]
Line of Credit Facility [Line Items]
Interest rate terms			fixed rate of 4.07% per annum
Loans, principal amount			$ 2,500,000
principal and interest payment terms			84 equal consecutive monthly installments
Promissory Note [Member] \| Key Bank National Association [Member]
Line of Credit Facility [Line Items]
Face amount				$ 3,500,000
Promissory Note [Member] \| Line of Credit [Member] \| Key Bank National Association [Member]
Line of Credit Facility [Line Items]
Face amount				$ 3,500,000
Interest rate terms		Prime Rate announced by the Bank minus 1.50%		Prime Rate announced by the Bank minus 0.75%
Debt instrument, principal and unpaid interest due				Jun. 01, 2022
Debt Instrument Prepaid Terms				any time prior to maturity with no prepayment penalties
Promissory Note [Member] \| Revolving Credit Facility [Member] \| Key Bank National Association [Member]
Line of Credit Facility [Line Items]
Face amount					$ 3,500,000
A O N Premium Finance L L C [Member] \| Promissory Note [Member]
Line of Credit Facility [Line Items]
Notes Payable	$ 900,000
A O N Premium Finance L L C [Member] \| Promissory Note [Member] \| Line of Credit [Member]
Line of Credit Facility [Line Items]
Annual interest rate	4.17%

- Definition

The element represents debt instrument prepaid terms.

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- Definition

The element represents principal and interest payable terms.

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- Definition

Face (par) amount of debt instrument at time of issuance.

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- Definition

Description of the interest rate as being fixed or variable, and, if variable, identification of the index or rate on which the interest rate is based and the number of points or percentage added to that index or rate to set the rate, and other pertinent information, such as frequency of rate resets.

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Date when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format.

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Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.

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Cash received from principal payments made on loans related to operating activities.

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