CTD Holdings, Inc. 8-K Report: Real Estate Sale & Financial Insights

The key information extracted from the 8-K filing for CTD Holdings, Inc. is as follows:

Overview:

• Filing Date: January 21, 2016
• Company Name: CTD Holdings, Inc.
• State of Incorporation: Florida
• Commission File Number: 000-25466
• IRS Employer Identification Number: 59-3029743

Transaction Details:

• Event: Sale of real property located in High Springs, Florida.
• Classification: The property was classified as held for sale on the balance sheet with a carrying value of $275,000.
• Transaction Structure:
• Cash Payment: $10,000 at closing.
• Promissory Note: Principal amount of $265,000.
• Mortgage: Secures the buyer’s obligations under the Promissory Note.

Promissory Note Terms:

• Interest Rate: 4.25% per annum.
• Payment Schedule: Equal monthly payments of principal and interest over a seven-year period, commencing on March 1, 2016.

Exhibits Included:

• Exhibit 10.1: Promissory Note in the original principal amount of $265,000.
• Exhibit 10.2: Mortgage securing the Promissory Note.

Additional Notes:

• The provided summary of the transaction does not encompass all details and is subject to the full text of the agreements filed as exhibits with the report.

Signatory:

• Name: Jeffrey L. Tate
• Title: Chief Operating Officer
• Date of Signature: January 27, 2016

This transaction represents a significant event for CTD Holdings, Inc. as it involves the divestiture of a real asset and outlines the company’s financial engagement through the structure of a promissory note and mortgage, which may impact its cash flow and financial health over the coming years.