secwatch.observer — SEC 8-K summary
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Issuer:     GHST World Inc. (GHST)
CIK:        0001121795
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001553350-23-000439
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GHST World restates FY2022: net loss jumps from $152K to $3.99M on stock issuance, impairments
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- Board concluded FY2022 audited financials unreliable after re-audit by Salberg & Company found material errors.
- Net loss for FY2022 increased from $151,885 to approximately $3,987,000 due to corrections.
- Corrections include non-cash expense from issuance of ~118.66M shares at avg price $0.00185 below fair value.
- Also recorded non-cash impairment on 119 art paintings, write-off of patent costs, and write-off of related party receivable.
- Restated financials will be in FY2023 10-K due Oct 13, 2023; prior auditor had PCAOB registration revoked.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121795/000155335023000439/0001553350-23-000439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121795/000155335023000439/ghst_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-23-000439

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