Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On
On
Similarly, press releases, earnings releases and investor presentations or other
communications describing the Company's consolidated financial statements and
other related financial information covering the Non-Reliance Period should no
longer be relied upon. In addition, the audit report of Withum included in the
Company's Annual Report on Form 10-K for the year ended
Similarly, press releases, earnings releases and investor presentations or other
communications describing the Company's consolidated financial statements and
other related financial information covering the Non-Reliance Period should no
longer be relied upon. In addition, the audit report of
The audit committee has discussed the matters disclosed in this Current Report on Form 8-K pursuant to this Item 4.02 with Withum. Withum was provided with a copy of the disclosures made herein and was given the opportunity, no later than the day of the filing of this Current Report on Form 8-K, to review these disclosures.
As a result, the Company will restate its historical financial results for the
Non-Reliance Period to reflect the change in accounting treatment (the
"Restatement"). The Company will file an amendment to the Annual Report on Form
10-K for the year ended
Cautionary Statements Regarding Forward-Looking Statements
This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects," "intends," "plans," "estimates," "assumes," "may," "should," "will," "seeks," or other similar expressions. Such statements may include, but are not limited to, statements regarding the Company's intent to restate certain historical financial statements and the timing and impact of the Restatement. These statements are based on current expectations on the date of this Form 8-K and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.
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