---
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"
generated_at: "2026-06-17T01:42:11.042521+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Scientific Industries restates FY2022, Q1 FY2023; non-reliance due to deferred tax and goodwill errors.

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-004850
- JSON: https://secwatch.observer/filing/0001654954-23-004850.json
- Plain text: https://secwatch.observer/filing/0001654954-23-004850.txt

## Key facts
- Auditor Changes
  SCIENTIFIC INDUSTRIES INC reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Macias Gini & O'Connell LLP
  source text: should no longer be relied upon because of material misstatements contained in those consolidated financial statements.
  evidence_url: https://www.sec.gov/Archives/edgar/data/87802/000165495423004850/0001654954-23-004850-index.htm

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