{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-009601","form_type":"8-K","ticker":"WFCF","cik":"0001360565","company_name":"Where Food Comes From, Inc.","filed_at":"2025-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.064348+00:00","generated_at":"2026-05-21T23:15:53.862053+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"WFCF Q1 revenue $5.3M, net income down to $31K from $178K; beef verification under pressure","bullets":["Total revenue $5.3M vs $5.6M; verification revenue $4.2M vs $4.4M; diluted EPS $0.01 vs $0.03.","Beef verification pressured by smaller herds, record high prices, and tariffs on China exports; poultry/dairy hit by avian flu.","Added two major food retailers to WFCF labeling program; Upcycled Certified program remains fastest growing standard.","Bought back 31,345 shares at $383K in Q1; over 1.2M shares repurchased since program inception.","Net income $31K vs $178K; gross margin stable at 41.6%; operating cash flow $0.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-009601","json":"https://secwatch.observer/filing/0001641172-25-009601.json","markdown":"https://secwatch.observer/filing/0001641172-25-009601.md","text":"https://secwatch.observer/filing/0001641172-25-009601.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1360565/000164117225009601/0001641172-25-009601-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1360565/000164117225009601/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T23:15:53.862053+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"}