other material
confidence high
sentiment negative
materiality 0.70
U.S. NeuroSurgical Holdings to restate 2021 financials due to $250K tax liability error
Elite Health Systems Inc.
- 2021 consolidated financial statements no longer reliable; restatement required.
- Additional tax liability of ~$250K from gain on NYU Medical Center business disposition.
- Error discovered during preparation of 2021 income tax returns; amended 10-K to be filed.
- Determination made by management on May 27, 2022.