When the SEC's staff reviews a filing, it writes to the company with numbered questions, and the company answers each one in a letter.
SEC publishes the exchange once the review is over, at least 20 business days later. Below: what the staff asked VMRK, and the company's answer to each question, quoted from the letters.
A question is not an accusation; most reviews end with the company adding detail to its next filing.
Consolidated Financial Statements · Notes to Consolidated Financial Statements
SEC asked
Reportable Segments, page F-56 1. We note you do not appear to provide a reconciliation for your segment measure of profit or loss of Net operating income. In future periodic filings, including your subsequent interim Form 10-Q filings, please provide a reconciliation to reconcile your segment measure to Net (loss) income before income tax. Refer to ASC 280-10-50-30b.
VMRK answered
The Company acknowledges the Staff’s comment and in response will revise its disclosure in future periodic filings accordingly, beginning with the Form 10-Q for the quarter ended June 30, 2024.
Read in the reply ↗
From the SEC's correspondence on EDGAR: staff letters (form UPLOAD) and company letters (form CORRESP), 3 letters filed since 2024-05-29.
Questions and answers are matched by their numbers; topics come from words in each question. The reports are compared word for word (same form, before the first SEC letter against the first report after the company's reply). No AI.
Work on VMRK in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/VMRK/export.csv") into a cell.
