{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-21-027846","form_type":"8-K","ticker":"FVTI","cik":"0001626745","company_name":"Fortune Valley Treasures, Inc.","filed_at":"2021-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:04:13.377566+00:00","generated_at":"2026-06-28T09:58:42.172308+00:00","sec_items":["2.02","4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fortune Valley Treasures to restate Q3 2020 results after omitting acquisition; net income turns to loss","bullets":["Previously issued Q3 2020 financials omitted acquisition of Dongguan Xixingdao Technology Co., Ltd. completed August 31, 2020.","Purchase consideration was $9,773,989 in 4,862,681 shares of common stock not yet issued as of September 30, 2020.","Total assets adjusted from $420,198 to $11,087,032 (up 2,539%); liabilities from $1,376,142 to $11,507,775 (up 736%).","Revenue for three months ended Sep 30, 2020 adjusted from $156,340 to $283,560 (up 81%); net income swung from $2,425 profit to $77,140 loss.","Adjustments are preliminary; company will file amended Form 10-Q/A for the quarter ended September 30, 2020."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-21-027846","json":"https://secwatch.observer/filing/0001493152-21-027846.json","markdown":"https://secwatch.observer/filing/0001493152-21-027846.md","text":"https://secwatch.observer/filing/0001493152-21-027846.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1626745/000149315221027846/0001493152-21-027846-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1626745/000149315221027846/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T09:58:42.172308+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}