---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-21-001339"
form_type: "8-K/A"
ticker: "DTST"
cik: "0001419951"
company_name: "Data Storage Corp"
filed_at: "2021-08-12T23:59:59+00:00"
generated_at: "2026-06-29T12:43:02.875129+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "medium"
source: SEC EDGAR
---

# Data Storage Corp files financials for acquired Flagship Solutions; Q1 2021 rev $3.9M, net loss $38k

## Summary
- Flagship Solutions (acquired May 31, 2021) Q1 2021 revenue $3.91M (up 37% YoY); net loss $38,324 vs net income $9,064 in Q1 2020.
- Two customers represent 65% of Q1 2021 revenue; one customer accounts for 91% of accounts receivable — high concentration risk.
- As of March 31, 2021, Flagship had total assets $3.88M, liabilities $4.15M, and members' deficit $267,135.
- Flagship carries $700K line of credit and SBA notes of $817,200; Q1 2021 interest expense $7,927.
- Pro forma condensed combined financial statements for Q1 2021 and FY 2020 filed as Exhibit 99.2.

## SEC filing metadata
- accession: 0001731122-21-001339
- form_type: 8-K/A
- ticker: DTST
- cik: 0001419951
- company_name: Data Storage Corp
- filed_at: 2021-08-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: medium
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419951/000173112221001339/0001731122-21-001339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419951/000173112221001339/e3016_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-21-001339
- JSON: https://secwatch.observer/filing/0001731122-21-001339.json
- Plain text: https://secwatch.observer/filing/0001731122-21-001339.txt

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