other material
confidence high
sentiment negative
materiality 0.85
Limitless X Holdings restates 2022, 2023 annual and Q3 2023 financials; prior statements no longer reliable
Limitless X Holdings Inc.
- Errors in accounts receivable collectability, holdback receivables, and inventory; corrections filed in amended 10-K and 10-Q.
- Non-reliance determined by CEO and CFO on Nov 1, 2024; new auditor M&K CPAS agreed with decision.
- Prior auditor BF Borgers dismissed in May 2024 after SEC suspension order; M&K retained for reaudit.
- Restated financials filed on Dec 3, 2024 (10-K/A) and Dec 23, 2024 (10-Q for Sep 30, 2024).