{"schema_version":"secwatch.filing_event.v1","accession":"0001513162-21-000116","form_type":"8-K","ticker":"BMRA","cik":"0000073290","company_name":"BIOMERICA INC","filed_at":"2021-09-30T23:59:59+00:00","discovered_at":"2026-05-14T18:04:20.652429+00:00","generated_at":"2026-06-29T00:31:05.565048+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Biomerica restates FY2021 & earlier results due to stock-based compensation accounting errors","bullets":["Non-cash stock-based compensation was understated; expensed on vesting dates instead of ratably over vesting period, with incorrect forfeiture estimates.","FY2021 net loss to increase by $0.9M-$1.1M; FY2020 net loss to increase by $0.3M-$0.39M; pre-FY2020 cumulative adjustment of $0.75M-$0.95M to accumulated deficit.","No impact on cash, revenues, or operations; no misconduct found; Audit Committee retained third-party advisory firm to assist.","Company will file amended 10-K for FY2021 and restate quarterly reports for Q1-Q3 FY2021; prior financials should no longer be relied upon."],"urls":{"canonical":"https://secwatch.observer/filing/0001513162-21-000116","json":"https://secwatch.observer/filing/0001513162-21-000116.json","markdown":"https://secwatch.observer/filing/0001513162-21-000116.md","text":"https://secwatch.observer/filing/0001513162-21-000116.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/73290/000151316221000116/0001513162-21-000116-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/73290/000151316221000116/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T00:31:05.565048+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"}