other material
confidence high
sentiment negative
materiality 0.60
Earth Science Tech restates FY 2023 audited financials due to goodwill error
Earth Science Tech, Inc.
- Error in recording Goodwill in audited FYE March 31, 2023 statements; 10-K/A to be filed by end of Feb 2024.
- Impact on quarterly reports for June, Sept, Dec 2023 is less than 1% of revenue; no restatement required.
- Company determined errors after discussions with Board, CEO, and CFO on Feb 14, 2024.