secwatch.observer — SEC 8-K summary
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Issuer:     MOVING iMAGE TECHNOLOGIES INC. (MITQ)
CIK:        0001770236
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001104659-22-025739
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

MITQ restates Q1 FY2022 financials; prior statements no longer reliable
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- Restatement changes acquisition of MiT LLC from reverse merger to business combination.
- Net loss adjusted: Q1 FY2022 loss increased from $576K to $578K; Q1 FY2021 loss decreased from $389K to $370K.
- Total liabilities/equity revised: $15,702K to $15,703K (2021) and $5,719K to $5,720K (2020).
- Additional paid-in capital increased by $1,601K for Q1 2021; retained earnings added $(1,740K).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770236/000110465922025739/0001104659-22-025739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770236/000110465922025739/tm225225d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-025739

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