Get Started for Free Contexxia identifies hard-to-find pieces of information in SEC filings. No more highlighters, no more redlining, no more poring over huge documents. IRONSTONE GROUP INC (723269) 10-Q/A published on Jun 28, 2021 at 1:37 pm
The previous Company 10Q as of March 31, 2021 did not account for the two for one stock split within its common stock holdings in Arcimoto. The previous filing reported common stock holdings as 37,000 shares. Applying the two for one stock split results in 74,000 shares being held, which has been confirmed by the stock transfer agent of Arcimoto. All financial reports, schedules and notes have been updated to reflect the accurate number of Arcimoto shares held.
Level 1–Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 instruments. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.