secwatch.observer — SEC 8-K summary
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Issuer:     INNSUITES HOSPITALITY TRUST (IHT)
CIK:        0000082473
Form:       8-K
Filed at:   2021-11-19T23:59:59+00:00
Accession:  0001493152-21-029384
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IHT receives NYSE American delisting notice for low equity; Q2 profit rebounds
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- Stockholders' equity below $4M and $6M thresholds; five consecutive fiscal years of losses through Jan 2021.
- Must submit compliance plan by Dec 15, 2021; deadline to cure is June 15, 2023.
- Fiscal Q2 2022 net income $401,564 vs loss of $1.267M prior year; EPS $0.04.
- First half fiscal 2022 net income ~$560,000 vs prior-year loss of ~$2.1M; revenue up 81% to ~$1.7M.
- UniGen clean energy prototype expected operational within five months; $12M purchase order from industry leader.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/82473/000149315221029384/0001493152-21-029384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/82473/000149315221029384/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-029384

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer