ID Perfumes, Inc. announced that it has received $670,000 in funding from new lender, Parfums Investment I, LLC on October 3, 2013. The company issued non-negotiable promissory note in the transaction. The note will bear interest at 20% per annum and will mature in one year from the date of issuance. Monthly interest payments of $11,166.97 will be due on the first day of each month commencing December 1, 2013. If the note is prepaid earlier than six months from its execution date, the company will be obligated to pay the lender, six months of interest. In the event of default the note will bear interest at 25%.

On October 3, 2013, ID Perfumes, Inc. closed the transaction.