---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-090935"
form_type: "8-K"
ticker: "EVTV"
cik: "0001563568"
company_name: "Envirotech Vehicles, Inc."
filed_at: "2023-04-04T23:59:59+00:00"
generated_at: "2026-06-17T06:28:20.572515+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Envirotech Vehicles to restate 2022 Q1-Q3 statements due to revenue recognition errors

## Summary
- Revenue was incorrectly recognized upon government incentive approval instead of vehicle delivery, overstating sales and gross profit.
- Misstatements affect interim periods ended March 31, June 30, and September 30, 2022.
- Approximately 32 net vehicles delivered later will have revenue recognized in delivery period; 13 vehicles not yet delivered will have no revenue.
- Company and Audit Committee decided to amend Forms 10-Q; auditor MaloneBailey concurred.
- Investors should no longer rely on previously issued interim financial statements for those periods.

## SEC filing metadata
- accession: 0001193125-23-090935
- form_type: 8-K
- ticker: EVTV
- cik: 0001563568
- company_name: Envirotech Vehicles, Inc.
- filed_at: 2023-04-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1563568/000119312523090935/0001193125-23-090935-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1563568/000119312523090935/d473962d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-090935
- JSON: https://secwatch.observer/filing/0001193125-23-090935.json
- Plain text: https://secwatch.observer/filing/0001193125-23-090935.txt

## Key facts
- Auditor Changes
  Envirotech Vehicles, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: Under the restatements, the Company will recognize the same amount of revenue in later periods for approximately 32 net vehicles that were delivered later in 2022 or 2023, and will not recognize revenue for 13 vehicles which have not yet been delivered. On March 30, 2023, the Company’s management and the Audit Committee of the Board of Directors decided it was necessary to amend Forms 10-Q for the quarterly periods ended March 31, 2022, June 30, 2022, and September 30, 2022, to correct the unaudited interim consolidated financial statements for the misstatements identified above. Accordingly, investors should no longer rely on the Company’s previously released interim unaudited consolidated financial statements for (1) the three months ended March 31, 2022, (2) the three- and six-month periods ended June 30, 2022, and (3) the three- and nine-month periods ended September 30, 2022. The re
  evidence_url: https://www.sec.gov/Archives/edgar/data/1563568/000119312523090935/0001193125-23-090935-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.