Dalrada Technology Group, Inc. (DHTI): auditor change — Dalrada Financial says March 31, 2024 10-Q non-reliant due to $2.3M revenue overstatement

Dalrada Technology Group, Inc.

Revenue overstatement of $2,318,329 identified in March 31, 2024 Form 10-Q.
Error caused by a control deficiency over revenue accruals.
Company will file restated financial statements on Form 10-Q/A as soon as practical.
Audit Committee discussed matters with accountants Assurance Dimensions and CM3 Advisory.
Prior financial statements for affected period should no longer be relied upon.

item 4.02

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

Dalrada Technology Group, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

Management recommended that the Form 10-Q for the period ended March 31, 2024 should no longer be relied upon due to a revenue overstatement error in the amount of $2,318,329.

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Source: SEC EDGAR

accession 0001683168-24-008906

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