secwatch.observer — SEC 8-K summary
======================================

Issuer:     AI Era Corp. (AERA)
CIK:        0001605331
Form:       8-K
Filed at:   2022-01-12T23:59:59+00:00
Accession:  0001663577-22-000022
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

AB International Group restates Q2 and Q3 2021 financials; revenue overstated by $1.64M
--------------------------------------------------------------------------------

- Board determined to restate Q2 and Q3 2021 financials due to revenue recognition error under ASC 606.
- Royalty revenue of $697,709 (Q2) and $941,417 (Q3) from ZESTV STUDIOS agreement improperly recorded.
- Financial statements in Forms 10-Q for those periods no longer reliable until restated amendments filed.
- Restatements will be disclosed in amendments to corresponding quarterly reports as soon as practicable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605331/000166357722000022/0001663577-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605331/000166357722000022/abqq8k.htm
  HTML page:      https://secwatch.observer/filing/0001663577-22-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer