Home / Auditor changes / INNOVATIVE DESIGNS INC
Filed 2025-06-20 · Form 8-K · Accession 0001731122-25-000887 nano
Price before filing: $0.33 (2025-06-18 close, split/dividend-adjusted)
Market cap at flag: $12.7M (2025-06-20) · Latest: $8.6M (2026-10-16)
| Window | IVDN | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -13.6% | +5.6% | -19.2% | 2025-07-21 |
| 90 days | -12.1% | +11.2% | -23.3% | 2025-09-18 |
| 180 days | -51.5% | +13.0% | -64.5% | 2025-12-17 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"Dismissal of Auditors, Hiring of New Auditors On December 13, 2024 the Board of Directors of the registrant (the "Board") held a special meeting for the purpose of formally letting go of its Auditor – Elkana Amitai CPA, with an address of 500 Commercial Street, Suite 502K, Manchester NH 03101."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: dismissed
Disagreements reported: no
Why this score: also within 90 days: Going-concern doubt
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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