WiMi Hologram Cloud Inc. Files 6-K Report
Ticker: WIMI · Form: 6-K · Filed: Apr 23, 2024 · CIK: 1770088
Sentiment: neutral
Topics: reporting, accounting, goodwill-impairment
TL;DR
WiMi Hologram Cloud Inc. filed a 6-K, detailing goodwill impairment testing procedures.
AI Summary
WiMi Hologram Cloud Inc. filed a Form 6-K on April 23, 2024, reporting on its operations for April 2024. The filing indicates the company performs annual goodwill impairment analysis as of December 31, utilizing an independent valuation expert and adhering to FASB ASU 2017-04 to simplify the goodwill impairment test.
Why It Matters
This filing provides an update on the company's financial reporting procedures, specifically regarding goodwill impairment, which can impact the reported value of assets.
Risk Assessment
Risk Level: low — The filing is a routine operational report and does not contain significant new financial information or material events.
Key Players & Entities
- WiMi Hologram Cloud Inc. (company) — Registrant
- April 23, 2024 (date) — Filing Date
- April 2024 (date) — Reporting Period
- December 31 (date) — Goodwill Impairment Analysis Date
- FASB ASU 2017-04 (document) — Accounting Standard for Goodwill Impairment
FAQ
What is the purpose of the Form 6-K filing by WiMi Hologram Cloud Inc.?
The Form 6-K is a report of foreign private issuer filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, for the month of April 2024.
When does WiMi Hologram Cloud Inc. perform its annual goodwill impairment analysis?
WiMi Hologram Cloud Inc. performs its annual goodwill impairment analysis as of December 31.
What accounting standard is followed for goodwill impairment testing?
The company follows the subsequent measurement provisions of FASB ASU 2017-04, Intangible — Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.
What is the principal executive office address for WiMi Hologram Cloud Inc.?
The principal executive offices are located at Room#1508, 4th Building, Zhubang 2000 Business Center, No. 97, Balizhuang Xili, Chaoyang District, Beijing, The People’s Republic of China, 100020.
Does WiMi Hologram Cloud Inc. file annual reports under Form 20-F or Form 40-F?
The registrant indicates it files annual reports under cover of Form 20-F.
Filing Stats: 479 words · 2 min read · ~2 pages · Grade level 17.5 · Accepted 2024-04-23 09:57:34
Filing Documents
- ea0204464-6k_wimihologram.htm (6-K) — 16KB
- 0001213900-24-035159.txt ( ) — 17KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. WiMi Hologram Cloud Inc. By: /s/ Shuo Shi Name: Shuo Shi Title: Chief Executive and Operations Officer Date: April 23, 2024 2