Possible article:
Flowerkist Skin Care and Cosmetics, Inc. Files Notification of Late Filing with SEC
On March 30, 2023, Flowerkist Skin Care and Cosmetics, Inc. (formerly known as 3D Makerjet, Inc.) notified the United States Securities and Exchange Commission (SEC) of its late filing of Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, for the period ended December 31, 2022. Flowerkist Skin Care and Cosmetics, Inc. cited the inability to compile the necessary financial information required to prepare a complete filing as the reason for the delay. The company expects to file within the extension period.
This notification triggers Rule 12b-25, which grants the company a grace period of 15 calendar days (for annual or transition reports) or 5 calendar days (for quarterly or distribution reports) after the original due date to file its report without risking the loss of its reporting status or the imposition of fines.
Flowerkist Skin Care and Cosmetics, Inc. is a California-based company that develops and sells skincare and cosmetic products made from natural and organic ingredients. The company aims to provide affordable and effective solutions for common skin concerns, such as acne, aging, and sensitivity, without compromising sustainability or ethics.
The company’s flagship products include a plant-based face wash, a vitamin C serum, and a lavender toner. Flowerkist Skin Care and Cosmetics, Inc. also offers a subscription service that delivers customized skincare regimens based on customers’ skin types and needs. The company has a strong online presence and a growing community of loyal customers who appreciate its holistic approach to beauty.
However, Flowerkist Skin Care and Cosmetics, Inc. has faced some challenges in recent years. The company experienced a decline in revenue and gross profit in fiscal year 2022, due to increased competition, supply chain disruptions, and higher operating expenses. The company’s net loss widened to $2.5 million in fiscal year 2022, compared to $1.8 million in fiscal year 2021.
Moreover, Flowerkist Skin Care and Cosmetics, Inc. has been subject to several lawsuits and regulatory actions, alleging false advertising, mislabeling, and unfair trade practices. For example, in October 2022, the Federal Trade Commission (FTC) filed a complaint against Flowerkist Skin Care and Cosmetics, Inc. for making unsubstantiated claims about the benefits of its products, such as reversing aging and curing wrinkles. The FTC sought a permanent injunction, restitution, and disgorgement of ill-gotten gains.
Flowerkist Skin Care and Cosmetics, Inc. has denied any wrongdoing and vowed to defend itself vigorously against these allegations. The company has also taken steps to improve its compliance and quality control processes, such as hiring a chief compliance officer and enhancing its testing and labeling protocols.
Despite these challenges, Flowerkist Skin Care and Cosmetics, Inc. remains optimistic about its future prospects. The company has invested in research and development to create new products and improve its existing ones. The company has also expanded its distribution channels, such as partnering with online retailers and opening pop-up stores in major cities.
Flowerkist Skin Care and Cosmetics, Inc. believes that its commitment to transparency, sustainability, and innovation will differentiate it from its competitors and appeal to its target audience of health-conscious and eco-friendly consumers. The company hopes to leverage its loyal fan base and social media presence to drive sales and build brand awareness.
In conclusion, Flowerkist Skin Care and Cosmetics, Inc. filed a notification of late filing with the SEC, citing the inability to compile the necessary financial information required to prepare a complete filing. The company expects to file within the extension period. Flowerkist Skin Care and Cosmetics, Inc. is a California-based company that develops and sells skincare and cosmetic products made from natural and organic ingredients. The company has faced some challenges in recent years, including declining revenue, lawsuits, and regulatory actions. However, the company remains optimistic about its future prospects and believes that its commitment to transparency, sustainability, and innovation will differentiate it from its competitors and appeal to its target audience.
