---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-003440"
form_type: "8-K"
ticker: "GWLL"
cik: "0001800373"
company_name: "GOLDENWELL BIOTECH, INC."
filed_at: "2026-05-27T00:17:04+00:00"
generated_at: "2026-05-27T10:07:27.746627+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Goldenwell Biotech to restate three quarterly reports over $9,840 legal fee timing errors

## Summary
- Auditor notified company on May 19, 2025 that legal invoice for $9,840 should have been recorded in service periods (May 2024–Sep 2025), not when received.
- Restatements affect March 31, June 30, and September 30, 2025 Form 10-Qs with additional revenue recognition and prepaid fee classification errors.
- Previously issued financial statements for those quarters should no longer be relied upon regarding the $9,840 legal expense.
- Amendments expected by approximately June 30, 2026; each quarter to recognize $2,280, $2,200, and $2,080 respectively.

## SEC filing metadata
- accession: 0001477932-26-003440
- form_type: 8-K
- ticker: GWLL
- cik: 0001800373
- company_name: GOLDENWELL BIOTECH, INC.
- filed_at: 2026-05-27T00:17:04+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800373/000147793226003440/0001477932-26-003440-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800373/000147793226003440/gdwl_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-003440
- JSON: https://secwatch.observer/filing/0001477932-26-003440.json
- Plain text: https://secwatch.observer/filing/0001477932-26-003440.txt

## Source-grounded claims
- claim_id: 92fa3a4e7e66eecbaaa3ab401c09630659a49718
  claim: GOLDENWELL BIOTECH, INC. reported that prior financial statements should not be relied upon.
  evidence_excerpt: the Company’s independent registered public accounting firm, Michael Gillsepie & Associates, PLLC (“Gillespie & Associates”), notified the Company that the Company did not follow US GAAP because an invoice dated September 23, 2025, from the Company’s legal counsel in the amount of $9,840 to the Company, which covered legal services rendered to the Company between May 21, 2024 and September 23, 2025, should have been recorded in the fiscal quarters when services were performed
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800373/000147793226003440/0001477932-26-003440-index.htm

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