other material
confidence high
sentiment negative
materiality 0.70
Data Storage Corp restates Q2 2022 financials; $292K vendor credit not properly deferred
Data Storage Corp
- Board and audit committee concluded Q2 2022 unaudited financials should no longer be relied upon.
- Error: $292,055 vendor credit was not deferred to future periods as required by vendor contract.
- Affects financial statements for quarter ended June 30, 2022, originally filed August 12, 2022.
- Audit committee discussed the matter with independent auditor Rosenberg Rich Baker Berman P.A.