other material
confidence medium
sentiment negative
materiality 0.85
KeyStar Corp restates fiscal 2022 annual and multiple 2023 quarterly financials due to accounting errors
VIP Play, Inc.
- Restates fiscal year ended June 30, 2022 due to overstatement of Series B preferred stock value by $747,102.
- Restates quarters ended Sep 30, Dec 31, 2022 and Mar 31, 2023 due to errors in asset purchase valuation (ZenSports) and debt issuance costs.
- Management concluded prior financial statements should no longer be relied upon; restated statements included in later SEC filings.
- Errors identified in February 2024; filing date June 25, 2024.