secwatch.observer — SEC 8-K summary
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Issuer:     FOMO WORLDWIDE, INC. (—)
CIK:        0000867028
Form:       8-K/A
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0001493152-22-032847
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FOMO Worldwide non-reliance on Q1/Q2 2022 financials; revenue errors up to $650K
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- Board concluded prior 2022 Q1 and Q2 financials should no longer be relied upon due to revenue recognition errors.
- Estimated 1Q22 revenue decline of $550k–$650k; 2Q22 revenue increase of $350k–$400k from SST subsidiary errors.
- Errors attributed to incorrect percentage-of-completion and WIP billings for SMARTSolution Technologies (acquired Feb 2022).
- Company will refile Form 10-Q for March and June 2022 after completion of SST private audit.
- Credit facilities and liquidity remain intact supporting backlog >$2M and sales funnel of several hundred thousand dollars.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/867028/000149315222032847/0001493152-22-032847-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/867028/000149315222032847/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-032847

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