{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-016908","form_type":"8-K/A","ticker":"RIME","cik":"0000923601","company_name":"Algorhythm Holdings, Inc.","filed_at":"2025-10-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.631239+00:00","generated_at":"2026-05-17T04:52:58.342446+00:00","sec_items":["9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Algorhythm acquires 99.99% of SMCB; acquired entity has going concern doubts","bullets":["SMCB reported net loss of $890K for FY ended March 2025, revenue $2.653M, gross loss $28K.","Audited statement reveals accumulated deficit of $1.445M, working capital deficit of $1.351M.","Independent auditor notes substantial doubt about SMCB's ability to continue as a going concern.","SMCB has $1.64M related party note payable; total liabilities $2.626M exceed assets $1.195M.","Acquisition closed May 2, 2025; SemiCab Holdings (80% owned by Algorhythm) now holds 99.99%."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-016908","json":"https://secwatch.observer/filing/0001493152-25-016908.json","markdown":"https://secwatch.observer/filing/0001493152-25-016908.md","text":"https://secwatch.observer/filing/0001493152-25-016908.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923601/000149315225016908/0001493152-25-016908-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923601/000149315225016908/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:52:58.342446+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"}