---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-016009"
form_type: "8-K/A"
ticker: "CRWS"
cik: "0000025895"
company_name: "CROWN CRAFTS INC"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:31:26.819659+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Crown Crafts files audited financials of acquired Manhattan Toy; FY22 sales $25.8M, net loss $2.7M

## Summary
- Manhattan Group net sales $25.78M, net loss $2.70M for year ended Dec 31, 2022.
- Total assets $19.71M, member's equity $16.28M; accumulated deficit $(15.43M).
- Operating loss $(1.95M); interest expense $642k; cash used in operations $5.38M.
- Manhattan restated FY2021 financials to correct sales commission accrual, reducing accumulated deficit by $399k.
- Pro forma financials combine Crown Crafts and Manhattan as if acquisition occurred earlier; deal announced March 20, 2023.

## SEC filing metadata
- accession: 0001437749-23-016009
- form_type: 8-K/A
- ticker: CRWS
- cik: 0000025895
- company_name: CROWN CRAFTS INC
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25895/000143774923016009/0001437749-23-016009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25895/000143774923016009/crws20230526_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-016009
- JSON: https://secwatch.observer/filing/0001437749-23-016009.json
- Plain text: https://secwatch.observer/filing/0001437749-23-016009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.