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CIK 851249

FORTUNE INDUSTRIES, INC.
CIK 0000851249 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
77.8
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” 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 โ€” never a guess.

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Signals

P-05 ยท FY 2012-06-30 ยท TRIGGERED100.0

Tax arbitrage

ETR 2.9% vs 21% statutory โ€” gap persistent across 3 of 3 years
trend: flat
Trend
Source: 10-K/A on SEC.gov (filed 2012-10-26) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2012-06-30": 0.0285,
    "2011-06-30": 0.0338,
    "2010-06-30": -0.2823
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2012-06-30": 0.1815,
    "2011-06-30": 0.1762,
    "2010-06-30": 0.4923
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2012-06-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/851249/000114420412058043/0001144204-12-058043-index.htm",
    "form": "10-K/A",
    "filed": "2012-10-26"
  }
}
P-01 ยท FY 2012-06-30 ยท ELEVATED40.8

Earnings quality

Beneish M-Score -2.14 in the elevated zone
trend: flat
Trend
Source: 10-K/A on SEC.gov (filed 2012-10-26) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.136,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.238,
    "GMI": 0.926,
    "AQI": 1.015,
    "SGI": 0.946,
    "DEPI": 0.905,
    "SGAI": 1.045,
    "LVGI": 0.836,
    "TATA": 0.037
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": 0.0358,
  "inputs": {
    "revenue_t": 60891000,
    "revenue_t1": 64335000,
    "total_assets_t": 28662000,
    "net_income_t": 2283000,
    "cfo_t": 1236000
  },
  "stale": false,
  "latest_filing_period": "2012-06-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/851249/000114420412058043/0001144204-12-058043-index.htm",
    "form": "10-K/A",
    "filed": "2012-10-26"
  }
}
P-13 ยท FY 2012-06-30 ยท ELEVATED20.0

Zombie / distress

Altman Z'' 0.42 in the distress zone
trend: flat
Trend
Source: 10-K/A on SEC.gov (filed 2012-10-26) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2012-06-30": 233.8,
    "2011-06-30": 45.098,
    "2010-06-30": 47.647
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 0.415,
  "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": 2338000,
    "interest_expense_t": 10000
  },
  "stale": false,
  "latest_filing_period": "2012-06-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/851249/000114420412058043/0001144204-12-058043-index.htm",
    "form": "10-K/A",
    "filed": "2012-10-26"
  }
}
P-12 ยท FY 2012-06-30 ยท CLEAN17.4

Restatement predictor

F-Score 0.52 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K/A on SEC.gov (filed 2012-10-26) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.521,
  "probability": 0.00193,
  "components": {
    "rsst": 0.0358,
    "drec": 0.0155,
    "dinv": null,
    "soft": 0.8098,
    "dcs": -0.0606,
    "droa": 0.0175,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2012-06-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/851249/000114420412058043/0001144204-12-058043-index.htm",
    "form": "10-K/A",
    "filed": "2012-10-26"
  }
}