Coyni, Inc.: auditor change — Logicquest restates Q1 2023 10-Q; board concludes non-reliance due to accounting errors

Coyni, Inc.

Board determined Q1 2023 Form 10-Q should no longer be relied upon due to three errors.
Operating expenses understated by $28,558; stock-based comp overstated by $27,952.
Failed to properly classify and present a $39,423 related party balance.
Form 10-Q was filed without auditor MaloneBailey's knowledge; no review performed.
Company is preparing an amended Form 10-Q to be filed as soon as practicable.

item 4.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Coyni, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: MaloneBailey, LLP

Exact text from the filing

On May 24, 2023, the Board of Directors and the management of the Company concluded that the Form 10-Q should no longer be relied upon

View on SEC.gov

Browse all auditor changes →

Source: SEC EDGAR

accession 0001213900-23-045375

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.