other material
confidence high
sentiment negative
materiality 0.65
I-ON Digital restates Q2 2022 financials; prior statements no longer reliable
I-ON Digital Corp.
- Error in recognizing loss on deconsolidation of subsidiary Metaflyer Co. Ltd.
- Loss of $100,772 incorrectly recorded in Statements of Operations for Q2 2022.
- Original Form 10-Q filed Aug 22, 2022, will be amended to correct the error.
- Management concluded financial statements for six months ended June 30, 2022, should not be relied upon.