{"url_path":"/sec/spty/10-k/2026/item-405","section_key":"item-405","section_title":"Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s","topic":"sec","document":{"doc_type":"10-K/A","doc_date":"2026-06-05","source_url":"https://www.sec.gov/Archives/edgar/data/1840102/0001520138-26-000207-index.html","accession_number":"0001520138-26-000207","cik":"0001840102","ticker":"SPTY","issuer_name":"SPECIFICITY, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1840102/0001520138-26-000207-index.html","primary_entity_key":"0001840102","primary_entity_name":"SPECIFICITY, INC."},"word_count":961,"has_tables":true,"body_markdown":"Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s\nKnowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K/A or any amendment to\nthis Form 10-K. ☐ Yes ☒ No\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined\nin Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No\n\n \n\nAs of December 31, 2025, the last business day of the Registrant’s\nmost recently completed fiscal year, the market value of our common stock held by non-affiliates was $592,590.\n\n \n\nThe number of shares of the Registrant’s common stock, $0.001 par\nvalue per share, outstanding as of June 4, 2026 was 17,569,341.\n\n \n\n \n\n \n\n   \n\n[Table of Contents](#toc) \n\n \n\n**Explanatory Note**\n\n \n\nSpecificity, Inc. (the “Company,” “we,” “our,”\nor “us”) is filing this Amendment No. 1 on Form 10-K/A (the “Form 10-K/A”) to amend its Annual Report on Form\n10-K for the fiscal year ended December 31, 2025, originally filed with the U.S. Securities and Exchange Commission (the “SEC”)\non March 30, 2026 (the “Original Filing”). This amendment restates the Company’s previously issued audited financial\nstatements and related disclosures for the fiscal year ended December 31, 2025.\n\n \n\nThe restatement relates to unrecorded financial transactions occurring\nbetween December 9, 2025 and December 31, 2025, including proceeds from an additional convertible debt agreement executed on December\n17, 2025. These transactions were associated with two bank accounts and one corporate credit card opened in mid-December 2025. The restatement\ndoes not affect prior quarterly financial statements, as the error was limited to the fourth quarter of 2025.\n\n \n\nThe following sections have been amended, as applicable, to reflect\nthe restatement and related updates subsequent to the Original Filing:\n\n \n\n·Forward-Looking Statements\n\n·Part I, Item 1A. Risk Factors\n\n·Part II, Item 5. Market for Registrant’s Common Equity, Related Stockholder\nMatters and Issuer Purchases of Equity Securities\n\n·Part II, Item 7. Management’s Discussion and Analysis of Financial\nCondition and Results of Operations (as applicable)\n\n·Part II, Item 9A. Controls and Procedures\n\n·Part IV, Item 15. Exhibits and Financial Statement Schedules\n\n \n\nExcept as described in this Explanatory Note, the Original Filing has\nnot been updated to reflect events occurring after March 30, 2026.\n\n \n\nBackground\n\n \n\nOn May 15, 2026, the Company informed its independent registered public\naccounting firm of errors in its Form 10-K for the fiscal year ended December 31, 2025. The errors arose from management’s failure\nto obtain and review certain bank and credit card statements related to accounts opened in mid-December 2025. In connection with the identification\nof these errors, the Company delayed the filing of its Quarterly Report on Form 10-Q for the period ended March 31, 2026, and filed a\nForm 12b-25 with the SEC.\n\n \n\nEffects of the Restatement\n\n \n\nThe restatement presented in this Form 10-K/A corrects errors in the\nOriginal Filing related to unrecorded bank and credit card transactions for the period from December 9, 2025 through December 31, 2025.\nThe tables below summarize the impact of these restatement adjustments on selected financial statement line items for the fiscal year\nended December 31, 2025.\n\n \n\n \n\n[Table of Contents](#toc) \n\n \n\n  \nYear Ended December 31, 2025 \n\n  \nAs Previously\nReported  \nAs Restated  \n$ Change\nFav/(Unfav)  \n% Change \n\nAffected balance sheet amounts \n    \n    \n    \n   \n\nTotal current assets \n$5,534  \n$5,737  \n$203  \n 3.7%\n\nTotal assets \n 1,555,398  \n 1,555,601  \n 203  \n 0.0%\n\nTotal current liabilities \n 1,143,656  \n 1,264,778  \n (121,122)  \n (10.6)%\n\nTotal equity \n (588,258) \n (709,177) \n (120,919) \n 20.6%\n\n  \n    \n    \n    \n   \n\nAffected statement of operations amounts \n    \n    \n    \n   \n\nTotal revenues \n$1,087,950  \n$1,090,450  \n$2,500  \n 0.2%\n\nTotal cost of services \n 618,803  \n 650,188  \n (31,385)  \n (5.1)%\n\nTotal operating expenses \n 774,459  \n 811,240  \n (36,781)  \n (4.7)%\n\nTotal other expense \n (167,835) \n (183,109) \n (15,274) \n 9.1%\n\nNet loss \n (473,147) \n (554,067) \n (80,920) \n 17.1%\n\n  \n    \n    \n    \n   \n\nAffected statement of cash flow amounts \n    \n    \n    \n   \n\nNet cash used in operating activities \n$(89,807) \n$(149,371) \n$(54,254) \n 60.4%\n\nNet cash provided by financing activities \n 88,178  \n 147,945  \n 54,457  \n 61.8%\n\n \n\nInternal Control Considerations\n\n \n\nThe Company previously identified material weaknesses in its internal\ncontrol over financial reporting, including inadequate policies and procedures and insufficient oversight by the board of directors. As\na result, the Company did not have effective processes in place to ensure that new financial accounts and account changes were timely\ncommunicated to personnel responsible for preparing its financial statements.\n\n \n\nThese material weaknesses, along with others that existed as of December\n31, 2025, and the Company’s remediation plans are described in Part II, Item 9A – Controls and Procedures in this Form 10-K/A.\n\n \n\nThe Company is committed to remediating these material weaknesses as\npromptly as practicable and has begun implementing its remediation plans.\n\n \n\n \n\n[Table of Contents](#toc) \n\n \n\n**SPECIFICITY, INC.**\n\n**FORM 10-K/A**\n\n**TABLE OF CONTENTS**\n\n \n\n \n \n\n**Page**\n\n**Number**\n\n \n \n \n\n \n[**PART I**](#a_001)\n \n\n[Item 1.](#a_002)\n[Business](#a_002)\n[2](#a_002)\n\n[Item A.](#a_003)\n[Risk Factors](#a_003)\n[7](#a_003)\n\n[Item 1B.](#a_004)\n[Unresolved Staff Comments](#a_004)\n[14](#a_004)\n\n[Item 2.](#a_005)\n[Properties](#a_005)\n[14](#a_005)\n\n[Item 3.](#a_006)\n[Legal Proceedings](#a_006)\n[14](#a_006)\n\n[Item 4.](#a_007)\n[Mine Safety Disclosures](#a_007)\n[14](#a_007)\n\n \n \n \n\n \n[**PART II**](#a_008)\n \n\n[Item 5.](#a_009)\n[Market for Registrant’s Common Equity, Related Shareholder Matters\nand Issuer Purchases of Equity Securities](#a_009)\n[15](#a_009)\n\n[Item 7.](#a_010)\n[Management’s Discussion and Analysis of Financial Condition and\nResults of Operations](#a_010)\n[15](#a_010)\n\n[Item 7A.](#a_011)\n[Quantitative and Qualitative Disclosure About Market Risk](#a_011)\n[20](#a_011)\n\n[Item 8.](#a_012)\n[Financial Statements and Supplementary Data](#a_012)\n[20](#a_012)\n\n[Item 9.](#a_013)\n[Changes in and Disagreements with Accountants on Accounting and Financial\nDisclosure](#a_013)\n[20](#a_013)\n\n[Item 9A.](#a_014)\n[Controls and Procedures](#a_014)\n[20](#a_014)\n\n[Item 9B.](#a_015)\n[Other Information](#a_015)\n[21](#a_015)\n\n[Item 9C.](#a_016)\n[Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](#a_016)\n[21](#a_016)\n\n \n \n \n\n \n[**PART III**](#a_017)\n \n\n[Item 10.](#a_018)\n[Directors and Executive Officers of the Registrant](#a_018)\n[22](#a_018)\n\n[Item 11.](#a_019)\n[Executive Compensation](#a_019)\n[24](#a_019)\n\n[Item 12.](#a_020)\n[Security Ownership of Certain Beneficial Owners and Management and Related\nShareholder Matters](#a_020)\n[25](#a_020)\n\n[Item 13.](#a_021)\n[Certain Relationships and Related Transactions, and Director Independence](#a_021)\n[26](#a_021)\n\n[Item 14.](#a_022)\n[Principal Accounting Fees and Services](#a_022)\n[26](#a_022)\n\n \n \n \n\n \n[**PART IV**](#a_023)\n \n\n[Item 15.](#a_024)\n[Exhibits, Financial Statement Schedules](#a_024)\n[27](#a_024)\n\n[Item 16.](#a_025)\n[Form 10-K/A Summary](#a_025)\n[27](#a_025)\n\n[Signatures](#a_026)\n[28](#a_026)\n\n \n\n   \n\n[Table of Contents](#toc) \n\n \n\n**FORWARD-LOOKING STATEMENTS**\n\n \n\nCertain statements discussed in Item 1 (Business), Item 3 (Legal Proceedings),"}