CREDITRISKMONITOR COM INC (CRMZ) Form 8-K — Aug 6, 2026
CreditRiskMonitor.com filed an 8-K under Item 4.02 disclosing that its audit committee concluded on August 3, 2026 that previously issued financial statements for multiple periods can no longer be relied upon, after a nexus study with an external tax advisor found the company had economic and physical nexus in state and local jurisdictions where it had not been collecting and remitting sales and use tax or filing income taxes. The affected periods cover unaudited quarterly financials for the periods ended June 30, 2025, September 30, 2025 and 2024, and March 31, 2026 and 2025, as well as audited financial statements for fiscal years 2025 and 2024.
Key figures
- Affected annual periods
- ["FY2024","FY2025"]
- Remediation plan created
- Yes
- Affected quarterly periods
- ["June 30, 2025","September 30, 2025 and 2024","March 31, 2026 and 2025"]
- Material weakness identified
- Yes
- Estimated sales tax liability
- $1,767 thousand (sales tax plus interest)
- Estimated income tax liability
- $210 thousand (income tax plus interest)
AI analysis
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