SOLESENCE, INC. filed its quarterly report late and said it expects a significant change in results
expects significant change in results
The registrant recently discovered that it had applied an improper inventory costing methodology, and the registrant is in the process of determining appropriate corrective measures. Cautionary Notice Regarding Forward-Looking Statements This Form 12b-25 includes information that constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements regarding the anticipated timing of filing the
Evidence
Anticipates significant change
True
Other periodic reports filed
True
Severity
high
Source
Form 12b-25 (notification of late filing)
Stated reason
The registrant recently discovered that it had applied an improper inventory costing methodology, and the registrant is in the process of determining appropriate corrective measures. Cautionary Notice Regarding Forward-Looking Statements This Form 12b-25 includes information that constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements regarding the anticipated timing of filing the
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.