{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-012637","form_type":"8-K","ticker":"KUST","cik":"0001342958","company_name":"KUSTOM ENTERTAINMENT, INC.","filed_at":"2024-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.027907+00:00","generated_at":"2026-06-04T03:24:56.820831+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Digital Ally reports 2023 revenue down 24%; gross profit up 148%; Nasdaq non-compliance","bullets":["Total revenue $28.25M, down 24% from $37.01M in 2022; net loss $25.69M ($9.22/share) vs $21.67M ($8.50).","Gross profit improved 148% to $5.76M; entertainment segment revenue fell 33%, healthcare revenue down 15%.","Entered $1.425M senior secured note with Mosh Man LLC to fund Kustom Entertainment operations until merger.","Nasdaq notified company of audit/compliance committee deficiency after director resignation; cure period through Jan 2025.","Clover Leaf merger (Kustom Entertainment) still pending; S-4 filed, Country Stampede assets acquired in March 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-012637","json":"https://secwatch.observer/filing/0001493152-24-012637.json","markdown":"https://secwatch.observer/filing/0001493152-24-012637.md","text":"https://secwatch.observer/filing/0001493152-24-012637.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1342958/000149315224012637/0001493152-24-012637-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1342958/000149315224012637/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:24:56.820831+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":"3a9c5693b4ab08e42cda5c4e2bc38b1bf699735a","claim":"KUSTOM ENTERTAINMENT, INC. reported the year ended December 31, 2023 results: revenue $28,248,344.","evidence_excerpt":"more efficient management of our supply chain through outsourcing production, quantity purchases and more effective purchasing practices. ● Total revenues decreased in 2023 to $28,248,344 from $37,009,895 in 2022 a deterioration of $8,761,551 (24%). The primary reason for the overall revenue decrease is a decrease of $6,253,892 (41%) in service revenues from 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1342958/000149315224012637/0001493152-24-012637-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$28,248,344"},{"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"}