{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-001788","form_type":"8-K","ticker":"USBC","cik":"0001074828","company_name":"USBC, Inc.","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.298592+00:00","generated_at":"2026-06-06T01:59:29.059364+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Know Labs Q1 net loss $3.45M, EPS -$0.04; cash burn $3.39M; going concern remains","bullets":["Net loss $3.45M vs $3.82M year ago; EPS loss -$0.04 improved from -$0.08.","R&D expense $1.48M, down 14.7% YoY; SG&A $2.01M, up 5.6% YoY.","Cash $4.82M at Dec 31, down from $8.02M at Sep 30; operating burn $3.39M in Q1.","Filed $18M S-3 shelf registration, effective Jan 11, 2024, for future fundraising.","Going concern qualification; management says cash sufficient until June 30, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-001788","json":"https://secwatch.observer/filing/0001654954-24-001788.json","markdown":"https://secwatch.observer/filing/0001654954-24-001788.md","text":"https://secwatch.observer/filing/0001654954-24-001788.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1074828/000165495424001788/0001654954-24-001788-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1074828/000165495424001788/knwn_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:59:29.059364+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":"dc3d5b7c3906faae454c97256d057b2ecf3f9782","claim":"USBC, Inc. reported first quarter ended December 31, 2023 results: net income net loss of $3.45 million dollars, EPS Earnings Per Share of a loss of $0.04.","evidence_excerpt":"In Q1 FY 2024, Know Labs reported a net loss of $3.45 million dollars, compared to a net loss of $3.82 million dollars in Q1 FY 2023, a reduction in net loss of 9.8%. This translates to Earnings Per Share of a loss of $0.04, better than the prior year quarter Earnings Per Share Loss of $0.08, an improvement of 50%, before preferred stock dividends.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1074828/000165495424001788/0001654954-24-001788-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended December 31, 2023"},{"label":"Net income","value":"net loss of $3.45 million dollars"},{"label":"EPS","value":"Earnings Per Share of a loss of $0.04"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}