CIK 1669400

Veritas Farms, Inc.

CIK 0001669400 · EDGAR ↗

cleanelevatedtriggeredno dataplanned

5.4

composite · 3 signals · CLEAN

Every card below shows the score and the exact filing data it was computed from — no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded — never a guess.

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Signals

P-13 · FY 2020-12-31 · ELEVATED100.0

Zombie / distress

[FY2020 data, stale — no more recent EBIT figure in XBRL] Interest coverage -57.60x below 1.0

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2022-04-12) ↗

Evidence — inputs and thresholds

{
  "icr_by_year": {
    "2022-12-31": null,
    "2021-12-31": null,
    "2020-12-31": -57.598,
    "2019-12-31": -612.619
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": -7.826,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -7462970,
    "interest_expense_t": 129569
  },
  "stale": true,
  "latest_filing_period": "2022-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1669400/000121390022019460/0001213900-22-019460-index.htm",
    "form": "10-K",
    "filed": "2022-04-12"
  }
}

P-01 · FY 2022-12-31 · CLEAN0.0

Earnings quality

Beneish M-Score -4.48 — no manipulation profile

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2023-04-17) ↗

Evidence — inputs and thresholds

{
  "m_score": -4.48,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.899,
    "GMI": 1,
    "AQI": 0.826,
    "SGI": 0.366,
    "DEPI": 0.815,
    "SGAI": 1.822,
    "LVGI": 1.752,
    "TATA": -0.184
  },
  "defaulted_to_neutral": [
    "GMI"
  ],
  "sloan_accruals": -0.1627,
  "inputs": {
    "revenue_t": 1063105,
    "revenue_t1": 2906425,
    "total_assets_t": 6794471,
    "net_income_t": -5143908,
    "cfo_t": -3891956
  },
  "stale": false,
  "latest_filing_period": "2022-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1669400/000121390023030190/0001213900-23-030190-index.htm",
    "form": "10-K",
    "filed": "2023-04-17"
  }
}

P-12 · FY 2022-12-31 · CLEAN6.7

Restatement predictor

F-Score 0.20 — at or below the population base rate

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2023-04-17) ↗

Evidence — inputs and thresholds

{
  "f_score": 0.202,
  "probability": 0.00075,
  "components": {
    "rsst": -0.1627,
    "drec": -0.0091,
    "dinv": -0.126,
    "soft": 0.5869,
    "dcs": -0.61,
    "droa": 0.065,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2022-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1669400/000121390023030190/0001213900-23-030190-index.htm",
    "form": "10-K",
    "filed": "2023-04-17"
  }
}