{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-004850","form_type":"8-K","ticker":"SCND","cik":"0000087802","company_name":"SCIENTIFIC INDUSTRIES INC","filed_at":"2023-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.524004+00:00","generated_at":"2026-06-17T01:42:11.042521+00:00","sec_items":["4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Scientific Industries restates FY2022, Q1 FY2023; non-reliance due to deferred tax and goodwill errors.","bullets":["Non-reliance on FY2022 audited and Q1 FY2023 unaudited financials due to material misstatements.","Errors: failure to record full valuation allowance against deferred tax asset and goodwill impairment in Bioprocessing segment.","Material weaknesses identified in internal controls over goodwill impairment and income tax accounting.","Restated financials will be included in Form 10-KT for transition period ending Dec 31, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-004850","json":"https://secwatch.observer/filing/0001654954-23-004850.json","markdown":"https://secwatch.observer/filing/0001654954-23-004850.md","text":"https://secwatch.observer/filing/0001654954-23-004850.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/87802/000165495423004850/0001654954-23-004850-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/87802/000165495423004850/scnd_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T01:42:11.042521+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":[{"claim_id":"365decc8c7ecc871165bfd5a17195da152a21ce1","claim":"SCIENTIFIC INDUSTRIES INC reported that prior financial statements should not be relied upon.","evidence_excerpt":"should no longer be relied upon because of material misstatements contained in those consolidated financial statements.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/87802/000165495423004850/0001654954-23-004850-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"Macias Gini & O'Connell LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}