DHTI 8-K
Dalrada Technology Group, Inc. (DHTI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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ITEM 4.02 Non-Reliance on Previously Issued Financial Statement or Related Audit Report or Completed Interim Review
In connection with the preparation of Dalrada Financial Corporation’s (the “Company”) financial statements as of June 30, 2024, the Company’s management identified an error made in the previously issued financial statements for the period ended March 31, 2024 (“Affected Period”). 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. The error identified in the Affected Period was primarily due to a control deficiency over revenue accruals.
The Company anticipates filing restated financial statements for the Affected Period on Form 10-Q/A as soon a reasonably practical. Because of this restatement, the previously-issued financial statements for the Affected Period, as well as the relevant portion of any communication which describes or are based on such financial statements, should no longer be relied upon. Again, the Company anticipates an amended filing for the Affected Period will be filed shortly.
The Audit Committee, along with management, discussed the matters disclosed in this filing pursuant to this Item 4.02 with Assurance Dimensions as its independent registered public accounting firm, for the period from January 1, 2023 to March 31, 2023, and also with CM3 Advisory (the Company’s current independent registered accounting firm).
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Date: December 23, 2024 | DALRADA FINANCIAL CORPORATION | |
| By: | /s/ Brian Bonar | |
| Brian Bonar Officer, Director | ||
| 2 |