secwatch.observer — SEC 8-K summary
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Issuer:     Coyni, Inc. (—)
CIK:        0000768216
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001213900-23-045375
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Logicquest restates Q1 2023 10-Q; board concludes non-reliance due to accounting errors
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- Board determined Q1 2023 Form 10-Q should no longer be relied upon due to three errors.
- Operating expenses understated by $28,558; stock-based comp overstated by $27,952.
- Failed to properly classify and present a $39,423 related party balance.
- Form 10-Q was filed without auditor MaloneBailey's knowledge; no review performed.
- Company is preparing an amended Form 10-Q to be filed as soon as practicable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/768216/000121390023045375/0001213900-23-045375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/768216/000121390023045375/ea179577-8k_logicquest.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-045375

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