{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-000056","form_type":"8-K","ticker":"RVYL","cik":"0001419275","company_name":"RYVYL Inc.","filed_at":"2023-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.863230+00:00","generated_at":"2026-06-20T12:21:25.982144+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"RYVYL announces restatement; FY2021 and interim 2022 financials no longer reliable","bullets":["Concluded on Jan 13, 2023 that previously issued financials for FY2021 and Q1-Q3 2022 cannot be relied upon.","Restatement expected to decrease total revenue, increase net losses, decrease total assets and stockholders' equity.","Material weaknesses identified in internal control over financial reporting, including accounting for complex business transactions.","Engaged third-party technical accounting experts in August 2022 to remediate weaknesses.","New auditor Simon & Edward; prior auditor BF Borgers CPA, PC involved."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-000056","json":"https://secwatch.observer/filing/0001185185-23-000056.json","markdown":"https://secwatch.observer/filing/0001185185-23-000056.md","text":"https://secwatch.observer/filing/0001185185-23-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523000056/0001185185-23-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523000056/ryvyl20230120_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T12:21:25.982144+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cc674187fdce1facb0119615c4fa7b704de6a4a2","claim":"RYVYL Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"r 30, June 30 and March 31, 2022 (collectively the “Previously Issued Financial Statements”), and the related audit report of the Company’s previous independent registered public accounting firm, BF Borgers CPA, PC, can no longer be relied upon. It is expected that the restatement of the financial statements for the annual and interim periods referred to above will result in decreases to total revenue, increased net losses, decreases to total assets, and decreased total stockholders’ equity. The Audit Committee of the Company and its management concluded that the Company’s Previously Issued Financial Statements should be restated to correct the aforementioned financial statements and that, accordingly, such Previously Issued Financial Statements should no longer be relied upon to that extent. Related press releases, investor presentations or other communications describing the Company’s","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523000056/0001185185-23-000056-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}