VSee Health restates 2023-2024 financials due to 12 errors; material weaknesses in controls

VSEE HEALTH, INC.

Prior annual and interim financial statements from 2023 and 2024 periods are no longer reliable and will be restated.
Errors include failure to accrue sales/use taxes, incorrect revenue cutoff, and misrecognized SPAC/iDoc accrued expenses.
Management identified material weaknesses in internal control over financial reporting and ineffective disclosure controls.
Restated financial statements will be filed in the 2024 Form 10-K; aggregate effects not yet quantified.

item 4.02

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