Summary by Moomoo AI
Camber Energy, a US-based energy company, has disclosed its financial and business activities for the first quarter ending March 31, 2024. The company reported related party transactions involving its CEO, James Doris, and CFO, John McVicar, with fees paid to their respective affiliates amounting to $150,000 and $90,000. Additionally, the CEO advanced $190,830 to Viking Ozone Technology, LLC for the manufacture of a medical waste unit. The company's long-term debt situation includes various notes payable to Discover with different interest rates and maturity dates, with a total long-term debt of $40,857,271 as of March 31, 2024. Camber Energy also entered into a securities purchase agreement with FK Venture LLC, which agreed to purchase convertible promissory notes with a minimum commitment of $4,800,000. The company's...Show More