secwatch.observer — SEC 8-K summary
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Issuer:     NOBLE ROMANS INC (NROM)
CIK:        0000709005
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001654954-24-006097
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Noble Roman's restates FY2022 financials; accounts payable understated by $1.16M
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- Previously issued 2022 financial statements should no longer be relied upon due to prior-period error.
- Accounts payable restated from $650,582 to $1,807,035; accumulated deficit from ($22,953,074) to ($24,109,527).
- Error originated in years prior to 2020 and was carried forward; also affects interest expense allocation.
- Management concluded the error resulted from material weaknesses in internal control over financial reporting.
- Restated financials will be included in the 2023 10-K, to be filed as soon as practicable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709005/000165495424006097/0001654954-24-006097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709005/000165495424006097/nrom_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-006097

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