{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-058120","form_type":"8-K","ticker":"MEHA","cik":"0001837254","company_name":"Functional Brands Inc.","filed_at":"2026-05-18T11:55:49+00:00","discovered_at":"2026-05-18T12:00:00.662154+00:00","generated_at":"2026-05-18T12:01:59.928384+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Functional Brands Q1 revenue up 3.5% to $1.65M; net loss $7.0M on $6.3M equity exchange charge","bullets":["Revenue $1.65M (+3.5% YoY); gross margin improved 390bps to 58.4%.","Operating loss widened to $0.68M from $0.03M, driven by public company expenses and higher G&A.","Net loss of $7.0M includes $6.3M non-cash charge on preferred stock issuance.","Entered binding LOI to acquire IP and blockchain assets; AI partnership with partnrup.ai.","Completed capital structure simplification; Kirkman and P2i distribution expanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-058120","json":"https://secwatch.observer/filing/0001213900-26-058120.json","markdown":"https://secwatch.observer/filing/0001213900-26-058120.md","text":"https://secwatch.observer/filing/0001213900-26-058120.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1837254/000121390026058120/0001213900-26-058120-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1837254/000121390026058120/ea0291258-8k_functional.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T12:01:59.928384+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":"5e017d37af6ca2cd50c402e1863bf35d229176c7","claim":"Functional Brands Inc. reported first quarter ended March 31, 2026 results: revenue $1,645,524.","evidence_excerpt":"in wellness and performance products, today announced financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights ● Revenue grew to $1.65 million, up 3.5% from $1.59 million in the prior year period, reflecting continued momentum across the Company’s brand portfolio. ● Gross profit increased to $0.96 million from $0.87","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1837254/000121390026058120/0001213900-26-058120-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$1,645,524"},{"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"}