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)

v3.20.2

DEBT OBLIGATIONS (Details Narrative) - USD ($)	Apr. 27, 2020	Apr. 20, 2020	Apr. 14, 2020	Feb. 08, 2018	Sep. 30, 2020	Apr. 23, 2020	Jun. 30, 2019
PPP Loan Agreement [Member]
Loans, principal amount		$ 1,476,508
Loans, funded date		Apr. 27, 2020
Key Equipment Finance [Member] \| Progress Payment Loan and Security Agreement And Master Security Agreement [Member]
Interest rate terms	Fixed rate of 4.07% per annum
Loans, principal amount	$ 2,500,000
Principal and interest payable terms	84 equal consecutive monthly installments.
Promissory Note [Member] \| KeyBank National Association [Member]
Face amount			$ 3,500,000			$ 2,000,000
Interest rate terms			LIBOR plus 2.25%
Promissory Note [Member] \| Non-Disclosable Revolving Line of Credit [Member] \| KeyBank National Association [Member]
Face amount			$ 3,500,000
Interest rate terms			Prime Rate announced by the Bank minus 0.75%
Debt instrument, principal and unpaid interest due			Jun. 01, 2021
Debt instrument, prepaid terms			Any time prior to maturity with no prepayment penalties.
KeyBank National Association [Member] \| Promissory Note [Member] \| Revolving Credit Facility [Member]
Face amount				$ 1,500,000	$ 0		$ 0
Interest rate terms				LIBOR plus 2.25%
Description collateral				collateralized with a certificate of deposit
Collateral amount				$ 1,500,000

- Definition

Description of dent instrument prepaid terms.

+ References

No definition available.

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- Definition

Date which loans funded is set to expire, in CCYY-MM-DD format.

+ References

No definition available.

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- Definition

The description of principal and interest payment terms.

+ References

No definition available.

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- Definition

Discussion of whether the debt instrument is secured or unsecured, and, if secured, a description of the collateral and guarantees required or provided.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
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- Definition

Amount of assets pledged to secure a debt instrument.

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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.

+ References

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- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
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- Definition

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

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