secwatch.observer — SEC 8-K summary
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Issuer:     Mobiquity Technologies, Inc. (MOBQ)
CIK:        0001084267
Form:       8-K
Filed at:   2022-11-30T23:59:59+00:00
Accession:  0001683168-22-008110
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084267/000168316822008110/0001683168-22-008110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084267/000168316822008110/mobiquity_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-008110

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