secwatch.observer — SEC 8-K summary
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Issuer:     Datacentrex, Inc. (DTCX)
CIK:        0001853825
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001493152-23-029018
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Thumzup restates FY2022 and Q1 2023 financials due to accounting errors in equity offerings
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- Board concluded previously issued financials should no longer be relied upon.
- Error in liquidated damages accounting for equity offerings; treated as liabilities and losses.
- FY2022 net loss increases from $1.22M to $1.50M; Q1 2023 net loss from $0.72M to $0.91M.
- Liabilities rise: Dec 2022 from $91,359 to $374,275; Mar 2023 from $69,532 to $540,934.
- No impact on net revenue, gross profit, or cash flows; company to file amended reports.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853825/000149315223029018/0001493152-23-029018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853825/000149315223029018/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-029018

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