ONEI 8-K
OneMeta Inc. (ONEI)
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 Statements or a Related Audit Report or Completed Interim Review. |
In the course of preparing its fiscal year 2024 financial statements and reviewing comments from the Securities and Exchange Commission (the “Commission”) in relation to its Annual Report on Form 10-K for the year ended December 31, 2023, the Company identified errors in the financial statements of its unaudited financial statements for the periods ended June 30, 2024, and September 30, 2024 (the “Affected Periods”) as contained in the Company’s Periodic Report on Form 10-Q as filed with the Commission on November 13, 2024. The errors pertain to overstatements in general and administrative expenses and additional paid in capital amounting to approximately $576,160 for each of the six months ended June 30, 2023 and the nine months ended September 30, 2023, resulting from the Company using the stock price from its most recent offering rather than the market price. The impact of this error is limited to the Company’s results of operation, loss per share, and the error did not impact the Company’s revenue, or net equity. The error has not resulted in any change to the Company’s business plan or operations and does not impact any regulatory requirements or management compensation.
On December 9, 2024, the Audit Committee of the Company determined to amend and restate the Company’s Quarterly Report on 10-Q for the Affected Periods.
The Company’s Audit Committee and the Company’s Chief Financial Officer, Rowland W. Day II, have discussed the foregoing matter with the Company’s independent accountant, M&K CPAs, PLLC. The Company is filing an amended and restated Periodic Report on Form 10-Q for the nine months ended September 30, 2024 on or around the date hereof.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ONE META INC. | ||
| Date: December 13, 2024 | By: | /s/ Rowland Day |
| Rowland Day | ||
| President | ||