{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-041394","form_type":"8-K","ticker":"KUST","cik":"0001342958","company_name":"KUSTOM ENTERTAINMENT, INC.","filed_at":"2023-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.710922+00:00","generated_at":"2026-06-08T02:08:43.213739+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Digital Ally Q3 revenue down 25% to $6.3M; net loss widens to $3.7M","bullets":["Q3 2023 revenue $6.34M, down 25% YoY from $8.48M; gross profit up 106% to $1.23M.","Net loss attributable to common stockholders $3.71M ($1.32 per share) vs $1.90M ($0.76) in Q3 2022.","Deferred revenue (contract liabilities) rose to ~$9.9M at Sep 30, 2023 from ~$7.2M a year earlier.","Announced merger of Kustom Entertainment subsidiary with Clover Leaf (CLOE); expects combined co. to list on Nasdaq.","$4.88M revolver from Kompass Kapital secured by real property; proceeds to retire existing debt and for working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-041394","json":"https://secwatch.observer/filing/0001493152-23-041394.json","markdown":"https://secwatch.observer/filing/0001493152-23-041394.md","text":"https://secwatch.observer/filing/0001493152-23-041394.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223041394/0001493152-23-041394-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223041394/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T02:08:43.213739+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":"ad946a70f8b6d834aef7b36f6c5a4c4c62e19f74","claim":"KUSTOM ENTERTAINMENT, INC. reported third quarter ended September 30, 2023 results: revenue Total revenues for the three months ended September 30, 2023 were $6,337,699.","evidence_excerpt":"Total revenues for the three months ended September 30, 2023 were $6,337,699, a decrease of $2,146,454, or (25%), as compared to $8,484,153 for the three months ended September 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223041394/0001493152-23-041394-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"Total revenues for the three months ended September 30, 2023 were $6,337,699"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}