{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-042522","form_type":"8-K","ticker":"WORX","cik":"0001674227","company_name":"SCWorx Corp.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.524528+00:00","generated_at":"2026-06-02T00:57:58.096536+00:00","sec_items":["1.01","4.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"SCWorx dismisses auditor BF Borgers after SEC bars them; extends promissory note maturity by one week","bullets":["On May 7, 2024, board terminated BF Borgers as auditor after SEC barred them from practicing on May 3, 2024.","BF Borgers had audited SCWorx since 2021; no disagreements but material weaknesses in internal controls noted.","Company expects delay in filing March 31, 2024 quarterly report while searching for new auditor.","Amended and restated $330,000 promissory note (with $30k OID) to extend maturity from May 10 to May 17, 2024.","Note bears 5% interest, secured by all assets; original cash received was $300,000."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-042522","json":"https://secwatch.observer/filing/0001213900-24-042522.json","markdown":"https://secwatch.observer/filing/0001213900-24-042522.md","text":"https://secwatch.observer/filing/0001213900-24-042522.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674227/000121390024042522/0001213900-24-042522-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674227/000121390024042522/ea0205918-8k_scworx.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T00:57:58.096536+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":"152b03d80cc4a125152c16586ce79d3b0da6cd11","claim":"SCWorx Corp. dismissed BF Borgers CPA PC as its auditor.","evidence_excerpt":"On May 7, 2024, the board of directors of the SCWorx Corp. (the “Registrant” or “Company”) terminated BF Borgers as the Registrant’s independent registered public accounting firm.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674227/000121390024042522/0001213900-24-042522-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"dismissal"},{"label":"Auditor","value":"BF Borgers CPA PC"}]},{"claim_id":"3ce3f92dc134109ccacce8fe6f9c0636ac9a804c","claim":"SCWorx Corp. amended Note with holder of the Note (effective 2024-05-10).","evidence_excerpt":"On May 10, 2024, the Registrant and the holder of the Note amended and restated the Note to extend the maturity date until May 17, 2024.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674227/000121390024042522/0001213900-24-042522-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"holder of the Note"},{"label":"Effective","value":"2024-05-10"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}