secwatch.observer — SEC 8-K summary
======================================

Issuer:     SOLESENCE, INC. (SLSN)
CIK:        0000883107
Form:       8-K
Filed at:   2026-08-21T16:30:17+00:00
Accession:  0001171843-26-005702
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solésence restates 2023-2026 financials; inventory costing errors overstated inventories
--------------------------------------------------------------------------------

- Audit Committee concluded Aug 17, 2026 that financials from Dec 31, 2023 through Mar 31, 2026 should no longer be relied upon.
- Inventory costing process failed ASC 330; labor/overhead allocation used unsupported budget-based percentages and bases.
- Errors overstated inventories and misstated cost of revenue, gross profit, net income, EPS, accumulated deficit, and equity.
- Company will file amended 10-Ks for 2023-2025 and amended 10-Qs for quarters in 2024, 2025, and Q1 2026 in coming weeks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883107/000117184326005702/0001171843-26-005702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883107/000117184326005702/f8k_082126.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-005702

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer