SOLESENCE, INC. (SLSN) Form 8-K — Aug 21, 2026
Solésence, Inc. (NASDAQ: SLSN) filed an 8-K under Item 4.02 disclosing that its previously issued consolidated financial statements should no longer be relied upon. The company identified errors in historical inventory accounting while preparing its unaudited financials for the quarter ended June 30, 2026. The errors arose from allocating labor and overhead between raw materials, work in process and finished goods using budget-based percentages and allocation bases that were not sufficiently supported, a process the company concluded did not comply with ASC 330 inventory-costing requirements.
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