---
title: "Solésence says prior financial statements no longer reliable after inventory accounting errors found"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296639029.md"
description: "Solesence Inc. announced that prior financial statements are no longer reliable due to inventory accounting errors violating ASC 330. The audit committee, board, and executives concluded on August 17, 2026, that overstatements in inventory misstated key financial metrics including revenue, profit, and equity across multiple periods. The company expects to file amended Form 10-K and 10-Q documents in the coming weeks to restate results for 2023-2025 and interim quarters."
datetime: "2026-08-21T16:33:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296639029.md)
  - [en](https://longbridge.com/en/news/296639029.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296639029.md)
generator: "portal-rs"
---

# Solésence says prior financial statements no longer reliable after inventory accounting errors found

-   Solesence flagged a financial reporting compliance failure tied to inventory costing that did not meet ASC 330 requirements. \* Audit committee, board, and executives concluded on Aug. 17, 2026 that prior financial statements should no longer be relied upon. \* Inventory overstatements misstated cost of revenue, gross profit, operating income, net income, equity, and earnings per share across multiple periods. \* Amended Form 10-K and Form 10-Q filings are expected in coming weeks to restate results for 2023-2025 and several interim quarters. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Solesence Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-26-005702), on August 21, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**