---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-028051"
form_type: "8-K/A"
ticker: "GGRP"
cik: "0001854445"
company_name: "Glimpse Group, Inc."
filed_at: "2022-10-11T23:59:59+00:00"
generated_at: "2026-06-23T04:31:29.705348+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Glimpse Group files BLI financials: $5M revenue, $471K net income, but $2.98M liabilities and going concern risk

## Summary
- BLI 2021 revenue $5.02M, net income $470.7K; total assets $317K vs liabilities $2.98M.
- Current liabilities exceed current assets by $1.14M; going concern uncertainty noted but alleviated by member funding and Glimpse acquisition.
- Two customers drove 82% of 2021 revenue; one customer 71%.
- Member loans $1.57M at 8% interest; due to member $60.5K; $235K PPP loan forgiven.
- Pro forma combined financials for year ended June 30, 2022 filed as Exhibit 99.2.

## SEC filing metadata
- accession: 0001493152-22-028051
- form_type: 8-K/A
- ticker: GGRP
- cik: 0001854445
- company_name: Glimpse Group, Inc.
- filed_at: 2022-10-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854445/000149315222028051/0001493152-22-028051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854445/000149315222028051/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-028051
- JSON: https://secwatch.observer/filing/0001493152-22-028051.json
- Plain text: https://secwatch.observer/filing/0001493152-22-028051.txt

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