{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-039301","form_type":"8-K","ticker":"ZDPY","cik":"0001279620","company_name":"Zoned Properties, Inc.","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.251021+00:00","generated_at":"2026-06-15T00:44:17.423444+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Zoned Properties Q1 revenue down 26% to $688K; net loss widens to $310K","bullets":["Total revenue $688K, down 26% YoY; property investment portfolio revenue $610K, up 56.5%.","Net loss of $309.6K vs $25.7K loss in prior year; operating expenses down 25% to $696K.","Cash on hand $3.25M, down from $4.34M; operating cash flow $3.6K.","Acquired Michigan retail dispensary property for $4.30M, leased to NOXX Cannabis at 13.5% cap rate."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-039301","json":"https://secwatch.observer/filing/0001213900-23-039301.json","markdown":"https://secwatch.observer/filing/0001213900-23-039301.md","text":"https://secwatch.observer/filing/0001213900-23-039301.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1279620/000121390023039301/0001213900-23-039301-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1279620/000121390023039301/ea178553-8k_zonedpro.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:44:17.423444+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":"7e55f549eae0d30cc80f87bd75f0c54721ff0412","claim":"Zoned Properties, Inc. reported three months ended March 31, 2023 results: revenue $688,024, net income $309,648.","evidence_excerpt":"Financial Highlights: ● Revenues were $688,024 for the quarter ended March 31, 2023, compared to revenues of $938,701 for the quarter ended March 31, 2022, representing a decrease of 26%. The decrease was primarily attributable to a decrease in brokerage commission revenues, which reflects the variable nature of one-time commission events that contribute to overall brokerage revenues, offset by an increase in advisory services revenues and property investment portfolio revenues. ● Property investment portfolio revenues were $610,474 for the quarter ended March 31, 2023, compared to property investment portfolio revenues of $390,097 for the quarter ended March 31, 2022, representing an increase of 56.5%. ● Operating expenses were $696,410 for the quarter ended March 31, 2023, compared to $929,183 for the quarter ended March 31, 2022, representing a decrease of 25%, primarily attributable to a decrease in one-time brokerage commission splits. ● The Company reported a net loss of $309,648","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1279620/000121390023039301/0001213900-23-039301-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2023"},{"label":"Revenue","value":"$688,024"},{"label":"Net income","value":"$309,648"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}