Next Technology Holding Inc. (NXTT): auditor change — Next Technology restates Q1 2024 financials; non-reliance on prior filing due to accounting errors

Next Technology Holding Inc.

Audit committee concluded Q1 2024 10-Q filed May 20, 2024 can no longer be relied upon; restated via Amendment No.1 filed Sep 12, 2024.
Under-provision of tax expenses and deferred tax liabilities of $4,142,759 corrected.
Other income overstated by $194,622; digital assets fair value error of $263,947 adjusted.
Prior-year accumulated deficit increased by $211,738 due to loss on discontinued operation.
Company discussed findings with independent auditor JWF Assurance PAC.

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

Next Technology Holding Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

On December 10, 2024, The audit committee of Next Technology Holding Inc (formerly known as WeTrade Group Inc. (the “Company”)), after discussion with the management of the Company, and in consultation with the Company’s independent registered public accounting firm, concluded that the Company’s previously issued financial statements for the quarter ended March 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) on May 20, 2024 (the “Original Filing”) should no longer be relied upon

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Next Technology Holding Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-108480

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