other material
confidence high
sentiment negative
materiality 0.40
Next Technology withdraws reliance on Q2 2024 10-Q; $594K related-party loan adjustment
Next Technology Holding Inc.
- Board determined June 30, 2024 10-Q was not fully auditor-reviewed and should no longer be relied upon.
- Amendment No.1 filed Sept 20, 2024 corrected a $10,530 under-provision for tax expenses and deferred tax liabilities.
- Also corrected $594,140 over-provision for related party loan, adjusting amounts due to related parties and common stock.
- Restated balances: income tax expenses $2,301,348; common stock $71,718,790; amount due to related parties $1,181,592.
- No other changes to prior financials; company remains listed on NYSE American under NXTT.