Business
Mobio Technologies to Restate Quarterly Financial Statements
(TheNewswire) Vancouver, B.C. – TheNewswire - November 19, 2021 - ...
About this update from Mobio Technologies, Inc.
[{"type":"text","content":"Mobio Technologies to Restate Quarterly Financial Statements\n \n \n (TheNewswire)\n \n \n \n \n \n \n Vancouver, B.C. –\n \n \n TheNewswire -\n \n \n November 19, 2021 -\n \n \n Mobio Technologies Inc. (TSXV:MBO)\n(“Mobio”\n \n \n or the\n \n \n “Company”)\n \n \n announces it will refile its interim financial statements for the\nthree, six and nine month periods ended October 31, 2020, January 31,\n2021 and April 30, 2021, as they are being amended to restated to\nreflect certain adjustments. The amendments and restatements include\nan adjustment to reverse the amount of debt cancellation and\nforgiveness previously recognized of $6,543,410 along with the loss on\ndisposal of investment of $536,521 and to recognize a loss on\ndeconsolidation of Plank Ventures Ltd. of $1,209,217. Furthermore, we\nare amending the presentation of the equity section in the Statement\nof Financial Position to align the July 31, 2020 comparative period\nwith the audited July 31, 2020 results.\n \n \n \n \n The impact of the aforementioned amendment to the Q1,\nQ2 and Q3 2021 Financial Statements is as follows (all amounts in\nCanadian dollars):\n \n \n \n \n UNAUDITED CONDENSED CONSOLIDATED\nINTERIM STATEMENTS OF COMPREHENSIVE LOSS\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n UNAUDITED CONDENSED CONSOLIDATED\nINTERIM STATEMENTS OF CHANGES IN EQUITY (DEFICIT)\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n UNAUDITED CONDENSED CONSOLIDATED\nINTERIM STATEMENTS OF FINANCIAL POSITION\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n UNAUDITED CONSOLIDATED INTERIM\nSTATEMENTS OF CASH FLOWS\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n The Company will also refile its amended and restated\nmanagement’s discussion and analysis (“MD&A”) for the\nperiods ended October 31, 2020, January 31, 2021 and April 30,\n2021.\n \n \n \n \n Please refer to the amended and restated financial\nstatements and MD&A that will be refiled on SEDAR and expected to\nbe available for review next week.\n \n \n \n \n About Mobio\nTechnologies Inc\n \n \n .\n \n \n \n \n Mobio is a publicly traded company on the TSX Venture\nExchange, headquartered in Vancouver, BC, and runs Strutta.com Media\nInc. Strutta is a social promotions p...