{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-035146","form_type":"8-K","ticker":"FLUX","cik":"0001083743","company_name":"Flux Power Holdings, Inc.","filed_at":"2024-09-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.124592+00:00","generated_at":"2026-05-31T06:11:03.618025+00:00","sec_items":["4.02","7.01","2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Flux Power restates FY2023 and FY2024 interim financials due to $1.7M inventory write-down","bullets":["Approximately $1.2M excess/obsolete inventory not properly reserved due to battery cell supplier change; $0.5M loaner packs misclassified as finished goods.","Gibraltar Business Capital waived non-compliance; $16M credit facility remains available subject to conditions.","Additional material weakness in internal control over financial reporting identified; remediation led by new CFO Kevin Royal.","Board evaluating impact on FY2022, 2021, 2020 financials; further restatements may follow."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-035146","json":"https://secwatch.observer/filing/0001493152-24-035146.json","markdown":"https://secwatch.observer/filing/0001493152-24-035146.md","text":"https://secwatch.observer/filing/0001493152-24-035146.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083743/000149315224035146/0001493152-24-035146-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083743/000149315224035146/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:11:03.618025+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}