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Great Elm Capital attributes late Form 10-Q filing to recent acquisition

Great Elm Capital Group Inc said in a notice of late filing that it was unable to file its quarterly report on Form 10-Q for the quarter ended Sept. 30 within the prescribed time period without unreasonable effort and expense.

The company attributed the delay to the time and resources devoted to the accounting treatment and related disclosure of the company's recent acquisition of an 80.1% equity interest in Great Elm DME Inc. through its Great Elm DME Holdings Inc. unit.

Great Elm DME is formed to acquire and combine two durable medical equipment distribution companies, Valley Healthcare Group LLC and Northwest Medical Inc.

The company filed its Form 10-Q on Nov. 13.