{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-015163","form_type":"8-K/A","ticker":null,"cik":"0001450335","company_name":"Commonwealth Income & Growth Fund VII, LP","filed_at":"2023-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.107958+00:00","generated_at":"2026-06-07T17:53:59.244027+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Commonwealth Income & Growth Fund VII restates FY 2022 financials; losses overstated by $54K","bullets":["On Nov 27, 2023, General Partner concluded prior Q3 and Q4 2022 financials cannot be relied upon due to errors.","Failed to record $91,597 lease payable and related lease revenue on inventory control system purchased Dec 2021.","Estimated FY 2022 losses overstated by $54,000 due to omitted lease liability and revenue.","Partnership is restating its 10-Qs and 10-K for fiscal 2022; revised indirect lease acquisition process implemented."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-015163","json":"https://secwatch.observer/filing/0001654954-23-015163.json","markdown":"https://secwatch.observer/filing/0001654954-23-015163.md","text":"https://secwatch.observer/filing/0001654954-23-015163.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1450335/000165495423015163/0001654954-23-015163-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1450335/000165495423015163/cigf7_8k-a.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T17:53:59.244027+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":"661b502d296f4c7ff879767cee0685ca6b77ec89","claim":"Commonwealth Income & Growth Fund VII, LP reported that prior financial statements should not be relied upon.","evidence_excerpt":"should no longer be relied upon due to errors in such financial statements, and therefore a restatement of these prior financial statements is required.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1450335/000165495423015163/0001654954-23-015163-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"MORISON COGEN, LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}