Summary by Futu AI
Harbor Custom Development, Inc. (HCDI) has filed an amended annual report for the fiscal year ended December 31, 2022, with the Securities and Exchange Commission (SEC) on January 18, 2024. The amendment addresses a previously omitted management report on internal control over financial reporting, which the company had failed to include in its original filing on March 31, 2023. This omission led the company to conclude that its disclosure controls and procedures were ineffective as of December 31, 2022. Despite this, the company asserts that the consolidated financial statements and other disclosures in the original report remain unchanged and were not impacted by the omission. HCDI has identified the omission as a material weakness but has taken steps to remediate the issue by enhancing review processes to ensure...Show More