secwatch.observer — SEC 8-K summary
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Issuer:     Aclarion, Inc. (ACON)
CIK:        0001635077
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001683168-24-001102
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aclarion posts $4.9M net loss in FY2023; auditor flags going concern doubt
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- Net loss of $4.9M in FY2023 vs $7.1M in FY2022; revenue $75,404, up 25% from $60,444.
- Operating expenses $4.9M (FY2023) vs $5.6M (FY2022); cash used in ops $3.6M.
- Cash and equivalents $1.0M at Dec 31, 2023; accumulated deficit $44.3M.
- Auditor Haynie & Co. expresses substantial doubt about ability to continue as going concern.
- FY2022 financials restated to correct misstatements; 1-for-16 reverse stock split effective Jan 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635077/000168316824001102/0001683168-24-001102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635077/000168316824001102/aclarion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001102

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