---
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"
generated_at: "2026-06-29T00:31:05.565048+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Biomerica restates FY2021 & earlier results due to stock-based compensation accounting errors

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001513162-21-000116
- JSON: https://secwatch.observer/filing/0001513162-21-000116.json
- Plain text: https://secwatch.observer/filing/0001513162-21-000116.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.