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Disclosure Risk Audit

IVF

INVO Fertility, Inc.
ELEVATED risk band

Audit period: Most recent 12 months (4 quarters) of SEC filings

Prepared: July 03, 2026

Methodology: FilingFirehose proprietary disclosure-risk taxonomy

Confidentiality: Prepared at the request of the company. Not for external distribution.

Prepared by: FilingFirehose · filingfirehose.com/audit

Executive Summary

This audit covers six 8-Ks filed by INVO Fertility over the last twelve months; no 10-K, 10-Q, S-1, S-3, or DEF 14A filings were included in the dataset, which materially limits the depth of the review and should be flagged to your board. The single highest-severity signal is the Item 4.02 filing on June 2, 2026 (accession 0001493152-26-026772), which indicates non-reliance on previously issued financial statements — an item that outside risk desks universally treat as a Tier-1 flag. That 4.02 was filed contemporaneously (same morning, ten minutes apart) with an Item 2.02 earnings release (0001493152-26-026777), a sequencing choice sophisticated readers will notice and question. Separately, the April 29, 2026 Item 3.01 filing (0001493152-26-019593) signals a listing-standard deficiency, and its pairing with an Item 7.01 Reg FD disclosure in the same 8-K creates a 'buried' pattern our parser flagged in the buried_json field. The June 25, 2026 Item 1.01 (0001493152-26-030147) also carries a buried 2.01 completed-acquisition signal inside a material agreement item, which short-side readers will treat as under-labeled M&A disclosure. Overall posture is ELEVATED trending worsening within the window. Recommend the audit committee be walked through the 4.02 restatement scope and the 3.01 remediation plan before the next earnings call.

Overall Risk Posture

The combination of a Non-Reliance (4.02) filing, a listing deficiency (3.01), and two 8-Ks where item classification appears to under-label the underlying event puts your disclosure posture in the ELEVATED band. None of these signals is fatal in isolation, but the clustering within a roughly 60-day window is what outside readers will latch onto.

Trajectory: worsening — The 3.01 listing deficiency (April 29, 2026) was followed roughly five weeks later by the 4.02 non-reliance filing (June 2, 2026), and then by additional Reg FD and material agreement filings in June — the direction of travel within the window is toward more, not fewer, disclosure-sensitive events.

Signal Breakdown

Non-reliance on previously issued financials (Item 4.02)

HIGH

On June 2, 2026 you filed an 8-K carrying Item 4.02, which by definition indicates the company or its auditor has concluded previously issued financial statements should no longer be relied upon. This is the single most weighted item in most short-side disclosure taxonomies.

8-K · 2026-06-02 · accession 0001493152-26-026772
“Item 4.02 — Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review (as reported in filer items).”
How outside readers see this: A 4.02 is treated by risk desks as a near-automatic trigger for deeper diligence on control environment, auditor relationship, and management representations. Expect any sophisticated reader to pull every prior 10-Q and reconcile the restated periods.

4.02 and earnings release filed ten minutes apart

HIGH

The Item 4.02 non-reliance 8-K (0001493152-26-026772) was filed at 08:30:27 on June 2, 2026, and an Item 2.02 results-of-operations 8-K (0001493152-26-026777) was filed at 08:40:33 the same morning. The sequencing means the restatement disclosure and the earnings release landed in the same pre-market window.

8-K · 2026-06-02 · accession 0001493152-26-026772
“Filed 2026-06-02T08:30:27 — Items 4.02, 9.01.”
8-K · 2026-06-02 · accession 0001493152-26-026777
“Filed 2026-06-02T08:40:33 — Items 2.02, 9.01.”
How outside readers see this: Outside readers will ask whether the earnings release incorporates the restated figures or the superseded ones, and whether the timing was designed to blunt the 4.02 headline. Even if the sequencing is coincidental, it will be interpreted as choreographed.

Listing standard deficiency (Item 3.01)

HIGH

The April 29, 2026 8-K (0001493152-26-019593) carries Item 3.01, which reports notice of failure to satisfy a continued listing rule or standard. This is a named risk category in every short-side disclosure taxonomy and typically indicates minimum bid price, market cap, or stockholders' equity issues.

8-K · 2026-04-29 · accession 0001493152-26-019593
“Items reported: 3.01 (Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard), 7.01, 9.01.”
How outside readers see this: Readers will assume a going-concern-adjacent narrative and will scan for reverse-split language, ATM utilization, and stockholders' equity remediation. The 3.01 also compounds the read on the later 4.02 — the pair suggests both a listing and an accounting workstream running simultaneously.

3.01 material item buried inside a 7.01 Reg FD 8-K

MEDIUM

Our parser flagged (buried_json: {"7.01": ["3.01"]}) that the April 29, 2026 filing includes 3.01 content structurally nested under the 7.01 Reg FD section. The 3.01 is properly disclosed in filer_items, so this is a formatting observation rather than a failure-to-disclose finding, but the layout is atypical.

8-K · 2026-04-29 · accession 0001493152-26-019593
“buried_json: {"7.01": ["3.01"]} — 3.01 language detected within the 7.01 section of the 8-K body.”
How outside readers see this: Sophisticated readers running text extractors across 8-Ks will flag this as a 'material item filed under Reg FD wrapper' pattern. It is borderline and non-confirmatory, but worth having a clean answer for.

Item 2.01 completed acquisition language nested inside 1.01

MEDIUM

The June 25, 2026 8-K (0001493152-26-030147) is filed under Items 1.01 and 8.01, but our parser detected 2.01 (Completion of Acquisition or Disposition of Assets) language buried inside the 1.01 section and 3.01 language buried inside the 8.01 section (buried_json: {"1.01": ["2.01"], "8.01": ["3.01"]}). This may be a labeling choice, but under-labeling a completed acquisition as merely a material agreement is a recurring short-side flag.

8-K · 2026-06-25 · accession 0001493152-26-030147
“Items 1.01, 8.01 reported; buried_json indicates 2.01 content within 1.01 and 3.01 content within 8.01.”
How outside readers see this: Readers will ask whether a transaction closed and, if so, why 2.01 was not checked — 2.01 carries mandatory financial statement and pro forma requirements under Item 9.01(a) and (b). Expect this to be raised in analyst Q&A.

Two Reg FD (7.01) filings within a 60-day window

LOW

You filed 7.01 Reg FD disclosures on April 29, 2026 (0001493152-26-019593) and June 16, 2026 (0001493152-26-028910). Two 7.01s in eight weeks is not unusual on its own, but combined with the 3.01 and 4.02 in the same window it contributes to a picture of elevated ad-hoc communication.

8-K · 2026-06-16 · accession 0001493152-26-028910
“Items reported: 7.01, 9.01.”
8-K · 2026-04-29 · accession 0001493152-26-019593
“Items reported: 3.01, 7.01, 9.01.”
How outside readers see this: Low severity on its own. Readers will simply note the cadence and check whether the Reg FD content aligns with contemporaneous investor presentations or press releases.

Two Item 2.02 earnings releases in three weeks

LOW

Item 2.02 results-of-operations 8-Ks were filed on June 2, 2026 (0001493152-26-026777) and June 22, 2026 (0001493152-26-029517). Two 2.02s in a 20-day window is unusual for a single reporting entity and suggests either a period-catch-up or a preliminary-then-final results cadence.

8-K · 2026-06-02 · accession 0001493152-26-026777
“Items reported: 2.02, 9.01.”
8-K · 2026-06-22 · accession 0001493152-26-029517
“Items reported: 2.02, 9.01.”
How outside readers see this: Readers will reconcile the two releases line-by-line to determine whether one supersedes the other (likely, given the intervening 4.02) or whether they cover different periods. Be prepared to explain the sequencing crisply.

Pre-Call Brief

The following questions an analyst is most likely to raise on the next earnings call, with framing suggestions. Each is rooted in a specific filing in the audit window.

Q: What specific periods and line items are covered by the Item 4.02 non-reliance conclusion, and when will restated financials be filed?
Rooted in: 0001493152-26-026772 (Item 4.02, filed 2026-06-02)
Suggested framing: Confirm the affected periods precisely, confirm whether the conclusion was reached by management, the audit committee, or the auditor, and give a specific date range for the restated 10-Q/10-K filings. Avoid characterizing the issue as immaterial until the restated numbers are on file.
Q: Do the earnings figures released ten minutes after the 4.02 reflect the restated numbers or the numbers now under non-reliance?
Rooted in: 0001493152-26-026777 (Item 2.02, filed 2026-06-02 08:40) in conjunction with 0001493152-26-026772
Suggested framing: State plainly which basis the 2.02 uses, and if it uses the superseded basis, disclose the direction and approximate magnitude of expected adjustments. Do not leave the sequencing unexplained.
Q: What is the deficiency underlying the Item 3.01 notice, and what is the compliance plan and cure period?
Rooted in: 0001493152-26-019593 (Item 3.01, filed 2026-04-29)
Suggested framing: Name the specific listing rule cited, the cure deadline, and the remediation path (whether that is a bid price cure, an equity raise, a reverse split, or a plan of compliance). Investors read silence on the cure path as inability to execute one.
Q: Did the June 25, 2026 material agreement involve a completed acquisition, and if so, why was Item 2.01 not checked?
Rooted in: 0001493152-26-030147 (Items 1.01, 8.01, filed 2026-06-25)
Suggested framing: Clarify whether the transaction has closed. If it has, walk through the 9.01(a) and (b) financial statement obligations and their timing. If it has not, state that plainly so readers stop searching for 2.01.
Q: Why were two earnings releases filed within a 20-day window in June 2026?
Rooted in: 0001493152-26-026777 and 0001493152-26-029517
Suggested framing: Distinguish the two — preliminary vs. final, different periods, or one supersedes the other post-restatement — in a single sentence. Ambiguity here compounds the 4.02 read.

Board / Audit Committee Brief

Audit committee implications

The Item 4.02 non-reliance filing sits squarely within audit committee territory and should be documented with a clear record of who identified the issue, when, and how the auditor was engaged on the conclusion. The Item 3.01 listing deficiency should be tracked on the same cadence as the restatement, since both share overlapping remediation dependencies (equity, controls, timely filing). The audit committee should also review the timing decision to file 4.02 and 2.02 within ten minutes on the same morning, and document the rationale in the minutes so it is defensible if later scrutinized. Finally, the committee should confirm whether the buried 2.01 language in the June 25 filing reflects a completed transaction that triggers 9.01 financial statement obligations.

Documentation recommendations

Add the 4.02 restatement to the risk register with owners, target restatement filing dates, and interim disclosure controls. Add the 3.01 listing deficiency with the specific rule cited, the cure deadline, and the remediation option under active pursuit. Record in the minutes the reasoning for the June 2 filing sequencing and confirm audit committee awareness of the ten-minute gap. Document the internal review that led to the item classification choices on the June 25 8-K, particularly whether 2.01 was considered and rejected, and why. Preserve contemporaneous drafts of all six 8-Ks and the underlying counsel memoranda for the audit window.

What Was NOT Found

The dataset contains no 10-K, 10-Q, S-1, S-3, 424B, DEF 14A, or Form 4 filings, so this audit surfaces no direct signals on going-concern language, ATM shelf utilization, dilution cadence, insider selling, executive compensation, or auditor changes — any of which could materially change the posture band. No Item 5.02 officer or director departure filings appeared in the window, and no Item 1.03 bankruptcy or receivership filings appeared. No Item 8.01 disclosures relating to reverse stock splits were detected, though this cannot be ruled out given the 3.01 context. The absence of these items is a data-coverage limitation, not an affirmative clean read.

Methodology Note

The audit reviews only the six 8-K filings provided in the input dataset covering roughly April through June 2026. Signals are drawn from a standard disclosure-risk taxonomy that weights Item 4.02 (non-reliance), Item 3.01 (listing deficiency), Item 5.02 (officer/director changes), Item 1.03 (bankruptcy), and Item 4.01 (auditor change) as Tier-1 flags; item-labeling discrepancies and buried-item patterns are treated as Tier-2 structural flags. The severity band is assigned by combining Tier-1 flag count, clustering within the window, and structural labeling anomalies. This audit is filings-only and deliberately does not incorporate stock price, short interest, options activity, analyst notes, or third-party commentary. Because only one form type (8-K) was available, the audit cannot opine on periodic-report disclosure risk, dilution, or governance signals that would normally be surfaced from 10-K/10-Q, proxy, or Form 4 data.