{"url_path":"/sec/cik-0001015155/8-k/2026-03-04/item-1-03","section_key":"item-1-03","section_title":"Item 1.03 Bankruptcy or Receivership.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-03-04","source_url":"https://www.sec.gov/Archives/edgar/data/1015155/0001104659-26-023038-index.html","accession_number":"0001104659-26-023038","cik":"0001015155","ticker":null,"issuer_name":"CHARLES & COLVARD LTD","edgar_url":"https://www.sec.gov/Archives/edgar/data/1015155/0001104659-26-023038-index.html","primary_entity_key":"0001015155","primary_entity_name":"CHARLES & COLVARD LTD"},"word_count":156,"has_tables":true,"body_markdown":"**Item 1.03 Bankruptcy or Receivership.**\n\n \n\n**Voluntary Petition for Bankruptcy**\n\n \n\nOn March 2, 2026 (the “Petition Date”), Charles &\nColvard, Ltd. (the “Company” or the “Debtor”), filed a voluntary petition for relief (the “Chapter\n11 Case”) under Chapter 11 (“Chapter 11”) of Title 11 of the United States Code (the “Bankruptcy Code”)\nin the United States Bankruptcy Court for the Eastern District of North Carolina (the “Bankruptcy Court”). The Debtor will\nseek to continue to operate its business and manage its properties as a “debtor in possession.” To this end, the Debtor is\nseeking approval of certain operational and administrative motions containing customary first-day relief intended to minimize the effect\nof bankruptcy on the Debtor’s employees, vendors, and other stakeholders, including motions seeking authority to pay employee wages\nand benefits, to pay certain vendors and suppliers for goods and services provided after the Petition Date, and to continue honoring insurance\nand tax obligations as they come due."}