{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-025015","form_type":"8-K","ticker":null,"cik":"0001109486","company_name":"Endexx Corp","filed_at":"2023-07-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.163043+00:00","generated_at":"2026-06-13T05:23:15.523630+00:00","sec_items":["4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Endexx restates FY2022 annual and Q1 FY2023 financials due to consolidation error","bullets":["Management concluded prior unaudited 10-K (FY2022) and 10-Q (Q1 FY2023) should not be relied upon due to consolidation error.","Originally accounted for 51% Hyla US stake under equity method; now determines controlling financial interest required consolidation.","Amended 10-K filed June 9, 2023 with restated audited consolidated statements; further amendments expected by July 31, 2023.","Restatement includes $11.5M total consideration and $2M Series H Preferred reclassified as mezzanine equity."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-025015","json":"https://secwatch.observer/filing/0001493152-23-025015.json","markdown":"https://secwatch.observer/filing/0001493152-23-025015.md","text":"https://secwatch.observer/filing/0001493152-23-025015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1109486/000149315223025015/0001493152-23-025015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1109486/000149315223025015/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:23:15.523630+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":[{"claim_id":"bd145c11f1518367013d462b93d8e91c165721a1","claim":"Endexx Corp reported that prior financial statements should not be relied upon.","evidence_excerpt":"Restatement Background On June 9, 2023, Endexx Corporation’s (the “Company,” “our,” “we,” or “us”) management reached a final determination that the Company’s previously issued unaudited, financial statements and related disclosures for its fiscal year ended September 30, 2022 (the “Prior 10-K”), and for its fiscal quarter ended December 31, 2022 (the “Prior 10-Q”), each of which did not include Hyla US as a consolidated entity contained an error and should no longer be relied upon for the reason set forth below, i.e. , our ability to assert a controlling financial interest in Hyla US (as defined below). Effective August 31, 2022, we closed a transaction with Hyla UK Holdco Limited (“Hyla UK”), pursuant to which we, through our specially formed transaction subsidiary, purchased 51% of the issued and outstanding capital stock of Hyla US Holdco Limited (“Hyla US”), a wholly-owned operating","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1109486/000149315223025015/0001493152-23-025015-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}