TACT · Nasdaq
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.
TransAct Technologies Incorporated (the “Company”) is unable to file its Quarterly Report for the quarter ended June 30, 2022 (the “Form 10-Q”) within the prescribed time period without unreasonable effort or expense because of a delay caused by a change in accounting principle in conjunction with the April 1, 2022 implementation of the Company’s new ERP system. Upon the adoption of the new ERP system, the Company changed its accounting method for measuring the value of inventory to the average costing methodology. The Company believes that this methodology is preferable because it reflects a better measurement estimate of inventory cost as the Company does not perform intensive manufacturing of finished products which are therefore better measured under average cost. In addition, the Company's business is projected to include an increasing sales volume of software going forward, which better aligns with average costing. As part of the move from standard costing, which approximates first-in first-out, to the average costing methodology for inventory valuation, generally accepted accounting principles in the U.S. require the Company to retroactively apply the accounting change for all periods for which financial information is presented in the Form 10-Q to properly report the accounting change. The process of developing the information necessary for this retroactive application has been time consuming and, as such, the Company has encountered a delay in the implementation of this required retroactive application. The Company expects to file its Form 10-Q within the five-calendar day grace period
NT 10-Q, filed 2022-08-16 · complex accounting
2025-04-09auditor changed or resigned SEC →
TransAct Technologies Incorporated (the “Company”) is unable to file its Quarterly Report for the quarter ended June 30, 2022 (the “Form 10-Q”) within the prescribed time period without unreasonable effort or expense because of a delay caused by a change in accounting principle in conjunction with the April 1, 2022 implementation of the Company’s new ERP system. Upon the adoption of the new ERP system, the Company changed its accounting method for measuring the value of inventory to the average costing methodology. The Company believes that this methodology is preferable because it reflects a better measurement estimate of inventory cost as the Company does not perform intensive manufacturing of finished products which are therefore better measured under average cost. In addition, the Company's business is projected to include an increasing sales volume of software going forward, which better aligns with average costing. As part of the move from standard costing, which approximates first-in first-out, to the average costing methodology for inventory valuation, generally accepted accounting principles in the U.S. require the Company to retroactively apply the accounting change for all periods for which financial information is presented in the Form 10-Q to properly report the accounting change. The process of developing the information necessary for this retroactive application has been time consuming and, as such, the Company has encountered a delay in the implementation of this required retroactive application. The Company expects to file its Form 10-Q within the five-calendar day grace period
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
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Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
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