---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-22-008110"
form_type: "8-K"
ticker: "MOBQ"
cik: "0001084267"
company_name: "Mobiquity Technologies, Inc."
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:27:33.599258+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Mobiquity restates 2020-2021 financials due to non-cash errors; Nasdaq issues delisting notice for late 10-Q

## Summary
- Audit committee determined prior financials for 2020 and 2021 cannot be relied upon due to erroneously recorded non-cash expenses.
- 2020 net loss overstated by ~$3.287M; restated net loss $11.75M (from $15.03M) and EPS loss $4.63 (from $5.92).
- Similar errors in 2021 overstated net loss by ~$1.031M; total equity unchanged for all periods.
- Received Nasdaq deficiency notice on Nov 25 for failure to file Q3 2022 10-Q; expects to file by Dec 8, 2022.
- Company will file Form 10-K/A No. 2 to correct quarterly and annual periods; prior auditor BF Borgers notified.

## SEC filing metadata
- accession: 0001683168-22-008110
- form_type: 8-K
- ticker: MOBQ
- cik: 0001084267
- company_name: Mobiquity Technologies, Inc.
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01, 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084267/000168316822008110/0001683168-22-008110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084267/000168316822008110/mobiquity_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-22-008110
- JSON: https://secwatch.observer/filing/0001683168-22-008110.json
- Plain text: https://secwatch.observer/filing/0001683168-22-008110.txt

## Key facts
- Auditor Changes
  Mobiquity Technologies, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: On November 28, 2022, the Audit Committee of Mobiquity Technologies, Inc.’s board of directors determined that its Form 10-K/A filed on May 23, 2022, which included the audited consolidated financial statements for the years ended December 31, 2020 and 2021, could no longer be relied upon
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084267/000168316822008110/0001683168-22-008110-index.htm

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