CWGL · OTC
It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
Hover or tap a dot to see the filings behind that score.
Crimson Wine Group, Ltd. (the “Company”) was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the year ended December 31, 2020 (the “2020 Form 10-K”) within the prescribed time period because it requires additional time to complete the restatement of its previously issued financial statements as described below. The Company continues to expect to file the Form 10-K as soon as reasonably practicable, but no later than April 15, 2021. In conjunction with the filing of the Form 10-K, the Company also expects to file its amended Annual Report on Form 10-K/A for the year ended December 31, 2019, which will include restated fiscal years ended December 31, 2017, 2018 and 2019, and amended Quarterly Reports on Form 10-Q/A for the three months ended March 31, 2020, three and six months ended June 30, 2020, and three and nine months ended September 30, 2020. On December 22, 2020, the Board of Directors of the Company, based on the recommendation of the Audit Committee of the Board of Directors (the “Audit Committee”) and in consultation with management, concluded that its unaudited interim condensed consolidated financial statements for the three months ended March 31, 2020, the three and six months ended June 30, 2020 and the three and nine months ended September 30, 2020, and its audited consolidated financial statements for the years ended December 31, 2017, 2018 and 2019, can no longer be relied upon as the result of material accounting errors identified by management. The errors relate to the allocation of costs to bulk wine inventory, which, in turn, affect the Company’s reported cost of sales. As a result of these errors, the consolidated financial statements for the periods cited above will be restated
NT 10-K, filed 2021-03-30 · restatement
Crimson Wine Group, Ltd. (the “Company”) was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the year ended December 31, 2020 (the “2020 Form 10-K”) within the prescribed time period because it requires additional time to complete the restatement of its previously issued financial statements as described below. The Company continues to expect to file the Form 10-K as soon as reasonably practicable, but no later than April 15, 2021. In conjunction with the filing of the Form 10-K, the Company also expects to file its amended Annual Report on Form 10-K/A for the year ended December 31, 2019, which will include restated fiscal years ended December 31, 2017, 2018 and 2019, and amended Quarterly Reports on Form 10-Q/A for the three months ended March 31, 2020, three and six months ended June 30, 2020, and three and nine months ended September 30, 2020. On December 22, 2020, the Board of Directors of the Company, based on the recommendation of the Audit Committee of the Board of Directors (the “Audit Committee”) and in consultation with management, concluded that its unaudited interim condensed consolidated financial statements for the three months ended March 31, 2020, the three and six months ended June 30, 2020 and the three and nine months ended September 30, 2020, and its audited consolidated financial statements for the years ended December 31, 2017, 2018 and 2019, can no longer be relied upon as the result of material accounting errors identified by management. The errors relate to the allocation of costs to bulk wine inventory, which, in turn, affect the Company’s reported cost of sales. As a result of these errors, the consolidated financial statements for the periods cited above will be restated
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice