Coeptis says prior financials from Sep 2023 to Mar 2024 not reliable due to accounting errors

Z Squared Inc.

Audit committee determined non-reliance on financial statements for Q3 2023, FY 2023, Q1 2024, and related registration statements.
Error: notes receivable misclassified as subscription receivables; balance of subscription receivables satisfied as of Aug 12, 2024.
Company expects to file restated financial statements as soon as practicable.
Previously disclosed material weaknesses; hired full-time CFO in 2023 to improve controls.
Restatement may result in litigation, regulatory action, and reputational damage.

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