secwatch.observer — SEC 8-K summary
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Issuer:     JONES SODA CO. (JSDA)
CIK:        0001083522
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0001437749-23-008379
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Jones Soda restates 2021 and 2022 interim financials due to $903k insurance financing error
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- Audit Committee concludes 2021 annual and Q1/Q2 2022 interim statements should no longer be relied upon.
- Error: failure to record $903k prepaid asset and liability from IPFS insurance premium financing agreement.
- Restatement increases current assets and liabilities by $903k (Dec 2021), $597k (Mar 2022), $289k (Jun 2022); no P&L impact.
- Company will include restated financials in 2022 10-K expected March 29, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083522/000143774923008379/0001437749-23-008379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083522/000143774923008379/jsda20230329_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-008379

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