---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037501"
form_type: "8-K"
ticker: null
cik: "0000895665"
company_name: "Clearday, Inc."
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T23:00:16.596703+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Clearday announces restatement of Q1 2023 10-Q; net loss increased $595,698

## Summary
- Board determined March 31, 2023 financials unreliable due to errors; will amend 10-Q.
- Net loss from continuing ops increased by $595,698; total current liabilities up $447,470.
- Accrued interest rose $423,329 from an obligation in default; other expense adjustments.
- No executive claw-back triggered; measures implemented to prevent recurrence.
- Independent auditor Turner Stone acknowledges and agrees with the disclosures.

## SEC filing metadata
- accession: 0001493152-23-037501
- form_type: 8-K
- cik: 0000895665
- company_name: Clearday, Inc.
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895665/000149315223037501/0001493152-23-037501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895665/000149315223037501/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037501
- JSON: https://secwatch.observer/filing/0001493152-23-037501.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037501.txt

## Key facts
- Auditor Changes
  Clearday, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: On October 12, 2023, the Board of Directors (the “Board”) of Clearday, Inc. (the “Company”) concluded that the Company’s previously issued financial statements contained within its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 should no longer be relied upon due to errors in such financial statements. Therefore, restatements of such prior financial statements are required.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895665/000149315223037501/0001493152-23-037501-index.htm

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