Byrn Inc. Flags Non-Compliance in Latest 10-Q Filing
Ticker: BRRN · Form: 10-Q · Filed: Jul 24, 2025 · CIK: 1397795
Sentiment: bearish
Topics: SEC Filings, Regulatory Compliance, Smaller Reporting Company, Non-Accelerated Filer, Investment Risk, Transparency Issues, Corporate Governance
Related Tickers: BRRN
TL;DR
BRRN's regulatory non-compliance is a huge red flag; stay away until they clean up their act.
AI Summary
Byrn, Inc. (BRRN) filed its 10-Q for the quarter ended June 30, 2025, indicating it is a non-accelerated filer and a smaller reporting company. The company has not filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, nor has it submitted every Interactive Data File required by Rule 405 of Regulation S-T. The filing does not provide specific revenue or net income figures, making a detailed financial analysis impossible from the provided text. Key business changes or strategic outlooks are not detailed in this excerpt. The primary risk highlighted is the company's non-compliance with SEC filing requirements, specifically regarding timely report submissions and Interactive Data File submissions. This lack of compliance raises significant concerns about transparency and regulatory adherence for investors.
Why It Matters
Byrn, Inc.'s admission of not filing all required reports and Interactive Data Files is a critical red flag for investors, signaling potential transparency issues and regulatory risks. This non-compliance can erode investor confidence and may lead to delisting or further regulatory scrutiny, impacting the company's ability to raise capital. For employees and customers, such issues can indicate underlying operational or governance problems. In a competitive landscape, companies with poor regulatory adherence often struggle to attract and retain stakeholders, putting Byrn at a significant disadvantage.
Risk Assessment
Risk Level: high — The risk level is high because Byrn, Inc. explicitly states it has not filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and has not submitted every Interactive Data File required by Rule 405 of Regulation S-T. This indicates a severe lack of regulatory compliance and transparency, which can lead to significant penalties or delisting.
Analyst Insight
Investors should avoid Byrn, Inc. (BRRN) until the company demonstrates full compliance with SEC filing requirements. The current lack of transparency and regulatory adherence presents an unacceptable level of risk, making it difficult to assess the company's true financial health or operational stability.
Key Numbers
- 12 months — period of non-compliance for required reports (Byrn, Inc. has not filed all required reports during this period.)
- 90 days — period of non-compliance for filing requirements (Byrn, Inc. has not been subject to filing requirements for the past 90 days, indicating a lapse.)
Key Players & Entities
- Byrn, Inc. (company) — registrant of the 10-Q filing
- SEC (regulator) — governing body for 10-Q filings
- Section 13 or 15(d) (regulatory) — sections of the Securities Exchange Act of 1934 requiring reports
- Rule 405 of Regulation S-T (regulatory) — rule requiring submission of Interactive Data Files
- June 30, 2025 (date) — end of the quarterly period reported
- Nevada (state) — state of incorporation for Byrn, Inc.
- 0001397795 (identifier) — Central Index Key (CIK) for Byrn, Inc.
- 333-143630 (identifier) — Commission file number for Byrn, Inc.
- Reno (city) — business address city for Byrn, Inc.
- (646) 768-8417 (phone_number) — business phone number for Byrn, Inc.
FAQ
What is Byrn, Inc.'s current filing status with the SEC?
Byrn, Inc. is a non-accelerated filer and a smaller reporting company, as indicated in its 10-Q filing for the quarter ended June 30, 2025.
Has Byrn, Inc. filed all required reports in the last 12 months?
No, Byrn, Inc. explicitly states in its 10-Q that it has not filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.
Is Byrn, Inc. compliant with Interactive Data File submissions?
No, Byrn, Inc. indicates in its 10-Q that it has not submitted every Interactive Data File required pursuant to Rule 405 of Regulation S-T during the preceding 12 months.
What are the implications of Byrn, Inc.'s non-compliance for investors?
The non-compliance suggests significant transparency issues and regulatory risk, potentially leading to penalties, delisting, or a loss of investor confidence, making it difficult to assess the company's financial health.
What is Byrn, Inc.'s state of incorporation?
Byrn, Inc. is incorporated in Nevada, as stated in the 10-Q filing.
What is the business address for Byrn, Inc.?
The business address for Byrn, Inc. is 50 West Liberty Street, Suite 880, Reno, Nevada 89501.
What is the fiscal year end for Byrn, Inc.?
Byrn, Inc.'s fiscal year end is December 31, as per the company data in the filing.
What was Byrn, Inc.'s former company name?
Byrn, Inc. was formerly known as Born, Inc., with a name change date of December 1, 2020.
What is the Central Index Key (CIK) for Byrn, Inc.?
The Central Index Key (CIK) for Byrn, Inc. is 0001397795, as listed in the filing's company data.
Why is Byrn, Inc. considered a high-risk investment based on this 10-Q?
Byrn, Inc. is considered high-risk due to its explicit admission of failing to file all required SEC reports and Interactive Data Files for the past 12 months, indicating a severe breach of regulatory obligations and lack of transparency.
Risk Factors
- Non-Compliance with SEC Filing Requirements [high — regulatory]: Byrn, Inc. has failed to file all required reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the preceding 12 months. Additionally, the company has not submitted every Interactive Data File required by Rule 405 of Regulation S-T. This indicates a significant lapse in regulatory adherence and raises concerns about transparency.
Industry Context
Byrn, Inc. operates within the Management Services sector (SIC 8741). This industry is characterized by a wide range of consulting and advisory services. Companies in this sector often compete based on expertise, client relationships, and specialized knowledge. The industry can be sensitive to economic cycles as businesses may reduce discretionary spending on consulting during downturns.
Regulatory Implications
Byrn, Inc.'s repeated failure to comply with SEC filing requirements, including timely submission of reports and interactive data files, poses significant regulatory risks. This non-compliance can lead to SEC enforcement actions, fines, and potential delisting from exchanges, severely impacting investor confidence and the company's ability to raise capital.
What Investors Should Do
- Review previous filings for any disclosed financial performance.
- Monitor future filings closely for compliance.
- Assess the impact of non-compliance on potential capital raising.
Key Dates
- 20250630: Quarterly period ended — This is the period covered by the current 10-Q filing.
- 20250724: 10-Q Filed — Indicates the date the report was officially submitted to the SEC.
Glossary
- 10-Q
- A quarterly report required by the U.S. Securities and Exchange Commission (SEC) that provides a continuing view of a company's financial position over the course of a year. (This is the specific filing Byrn, Inc. has submitted for the period ended June 30, 2025.)
- Section 13 or 15(d) of the Securities Exchange Act of 1934
- These sections mandate that public companies file regular reports (like 10-Ks and 10-Qs) with the SEC to keep investors informed. (Byrn, Inc.'s failure to file all required reports under these sections is a primary risk factor.)
- Interactive Data File (Rule 405 of Regulation S-T)
- These are filings made in a standardized, machine-readable format (like XBRL) that allows for easier analysis of financial data by regulators and investors. (Byrn, Inc.'s failure to submit these files indicates a lack of compliance with modern SEC digital reporting requirements.)
- Non-accelerated filer
- A classification for public companies that do not meet the thresholds for accelerated or large accelerated filer status, generally indicating smaller market capitalization and less stringent reporting frequency requirements. (Byrn, Inc. is classified as a non-accelerated filer, which is typical for smaller companies.)
- Smaller reporting company
- A company that meets certain criteria related to public float and annual revenues, allowing for scaled disclosure requirements. (Byrn, Inc. also qualifies as a smaller reporting company, further indicating its size.)
Year-Over-Year Comparison
This 10-Q filing does not contain sufficient financial data (revenue, net income) to perform a direct comparison with the previous year's filings. The primary change highlighted is the company's continued non-compliance with SEC filing requirements, specifically failing to file all required reports and interactive data files within the preceding 12 months. This ongoing regulatory issue is a significant concern for investors.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on July 24, 2025 regarding Byrn, Inc. (BRRN).