{"schema_version":"secwatch.filing_event.v1","accession":"0001999371-24-004426","form_type":"8-K","ticker":"CVU","cik":"0000889348","company_name":"CPI AEROSTRUCTURES INC","filed_at":"2024-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.323201+00:00","generated_at":"2026-06-04T03:12:08.533202+00:00","sec_items":["4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CPI Aerostructures restates 2022 deferred tax balances; files late 10-K notice","bullets":["Deferred tax asset and liability each overstated by $2.6M due to inadequate review of temporary differences.","No material impact on previously reported net income, EPS, or cash flow for FY2022.","Files Form 12b-25 for delayed 2023 10-K; expects to file by April 16, 2024.","Material weakness identified; remediation underway."],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-24-004426","json":"https://secwatch.observer/filing/0001999371-24-004426.json","markdown":"https://secwatch.observer/filing/0001999371-24-004426.md","text":"https://secwatch.observer/filing/0001999371-24-004426.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889348/000199937124004426/0001999371-24-004426-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889348/000199937124004426/cvu-8k_040324.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:12:08.533202+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"88398f282741c732f2a969a5180b27863f7d5258","claim":"CPI AEROSTRUCTURES INC reported that prior financial statements should not be relied upon.","evidence_excerpt":"On April 3, 2024, the audit and finance committee (the “Audit and Finance Committee”) of the board of directors of CPI Aerostructures, Inc. (the “Company”), determined, based on the recommendation of management, that the Company’s financial statements which were included in its Annual Report on Form 10-K for the year ended December 31, 2022 as filed with the Securities and Exchange Commission (the “SEC”) should no longer be relied upon due to errors within Note 11 “Income Taxes”","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889348/000199937124004426/0001999371-24-004426-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"RSM US LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}