TPHS · 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.
Trinity Place Holdings Inc. (the “Company”) is unable to timely file with the Securities and Exchange Commission (the “Commission”) its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, because the compilation, dissemination, review and finalization of the information required to be presented in the report could not be completed within the prescribed time period without unreasonable effort or expense. As part of the Company’s normal reporting process prior to releasing its 2022 second quarter and year-to-date June 30, 2022 results, the Company identified an error in the application of generally accepted accounting principles, principally as they relate to the capitalization of construction soft costs and internally allocated costs incurred in connection with the Company’s development project, which involves significant judgment. The Company has since reevaluated its accounting and determined that it needs to correct the previous accounting for such items and will restate its financial statements as of and for the year ended December 31, 2021 and for each of the quarterly periods ended June 30, September 30, and December 31, 2021 and as of and for the quarterly period ended March 31, 2022, and will revise its financial statements as of and for the quarterly period ended March 31, 2021. The Company expects that its amended Annual Report on Form 10-K/A for the year ended December 31, 2021 will disclose a material weakness in its internal controls over financial reporting due to the restatement. The impacts are expected to principally involve a reduction of net income and total assets for certain periods and other non-cash items
NT 10-Q, filed 2022-08-16 · material weakness
2022-08-17accounts declared unreliable SEC →
Trinity Place Holdings Inc. (the “Company”) is unable to timely file with the Securities and Exchange Commission (the “Commission”) its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, because the compilation, dissemination, review and finalization of the information required to be presented in the report could not be completed within the prescribed time period without unreasonable effort or expense. As part of the Company’s normal reporting process prior to releasing its 2022 second quarter and year-to-date June 30, 2022 results, the Company identified an error in the application of generally accepted accounting principles, principally as they relate to the capitalization of construction soft costs and internally allocated costs incurred in connection with the Company’s development project, which involves significant judgment. The Company has since reevaluated its accounting and determined that it needs to correct the previous accounting for such items and will restate its financial statements as of and for the year ended December 31, 2021 and for each of the quarterly periods ended June 30, September 30, and December 31, 2021 and as of and for the quarterly period ended March 31, 2022, and will revise its financial statements as of and for the quarterly period ended March 31, 2021. The Company expects that its amended Annual Report on Form 10-K/A for the year ended December 31, 2021 will disclose a material weakness in its internal controls over financial reporting due to the restatement. The impacts are expected to principally involve a reduction of net income and total assets for certain periods and other non-cash items
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