secwatch.observer — SEC 8-K summary
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Issuer:     STANDARD PREMIUM FINANCE HOLDINGS, INC. (SPFX)
CIK:        0001807893
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001553350-22-000910
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 4.01, 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Standard Premium Finance restates 2021 cash flows, hires new auditor
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- Audit committee concluded 2021 financials were unreliable due to cash flow classification error.
- Engaged Assurance Dimensions to audit restated consolidated statement of cash flows for 2021.
- Error: reclassified Increase/Decrease in Premium Finance Contracts Receivable from operating to investing activities.
- Restatement is non-cash and does not affect revenue, expenses, or EPS.
- Amended Form 10-K for FY2021 to be filed with SEC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807893/000155335022000910/0001553350-22-000910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807893/000155335022000910/spfx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000910

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