10-Q/A: Chicken Soup for the Soul Entertainment Files Amended Quarterly Report Due to Certification Wording Error
Quarterly Report Amendment
Chicken Soup for the Soul Entertainment, Inc. filed an amendment to its Q3 2023 quarterly report (Form 10-Q/A) solely to correct the wording in the certifications related to internal control over financial reporting.
Summary
- Chicken Soup for the Soul Entertainment, Inc. filed an amendment (Form 10-Q/A) to its original Q3 2023 quarterly report (Form 10-Q) which was originally filed on December 22, 2023.
- The amendment was made to correct the wording in the certifications filed as Exhibits 31.1 and 31.2, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
- The specific change involves adding the phrase 'and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f))' to the introductory language of certification #4.
- The company states that there were no changes to the reported results and disclosures in the original filing.
- The number of shares of Common Stock outstanding as of December 20, 2023 totaled 32,215,813, including 24,561,307 Class A shares and 7,654,506 Class B shares.
Sentiment
Score: 7
Explanation: The document is a routine amendment to correct a minor error, suggesting a neutral to slightly positive sentiment due to the company's proactive approach to compliance.
Positives
- The company promptly addressed and corrected a deficiency in its certifications, demonstrating attention to regulatory compliance.
- The amendment did not impact the financial results or disclosures, suggesting the underlying financial reporting remains accurate.
Future Outlook
The amendment does not change the future outlook as it only corrects a wording error in the certifications.
Industry Context
This announcement is a routine regulatory filing update and doesn't significantly impact the broader industry.
Stakeholder Impact
- The amendment ensures accurate certifications, which can positively impact stakeholder confidence in the company's financial reporting.
Key Dates
| Date | Description |
|---|---|
| 2023-09-30 | End of the quarterly period for the original Form 10-Q filing. |
| 2023-12-20 | Date for the number of shares of Common Stock outstanding. |
| 2023-12-22 | Date of the Original Filing of the Quarterly Report on Form 10-Q. |
| 2024-02-21 | Date of the Amendment No. 1 on Form 10-Q/A filing. |
Keywords
Form 10-Q/A, amendment, quarterly report, certifications, internal control, financial reporting, CSSE, Chicken Soup for the Soul Entertainment
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