secwatch.observer — SEC 8-K summary
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Issuer:     Bio Essence Corp (BIOE)
CIK:        0001723059
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0001213900-24-085841
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Bio Essence Corp. restates Q1 2024 financials due to unapproved lease termination accounting error
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- Determined on Aug 19, 2024 that financial statements for Q1 ended March 31, 2024 cannot be relied upon.
- Error: prematurely wrote off right-of-use asset and lease liability from lease termination not approved by landlord.
- Corrective action: will file an amended Form 10-Q/A with updated financials keeping the lease liabilities.
- Board discussed the matter with the Company's independent accountant prior to filing this 8-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1723059/000121390024085841/0001213900-24-085841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1723059/000121390024085841/ea021696801-8k_bioessence.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-085841

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