Item 4.02. Non-reliance on Previously Issued Financial Statements or a Related
Audit Report or Interim Audit Report
Management of I-ON Digital Corp. (the "Company"), has concluded that our
Quarterly Report on Form 10-Q for the quarter ended September 30, 2022,
originally filed with the SEC on January 13, 2023 (the "Original Form 10-Q")
contained an error in connection with the presentation and disclosure of the
deconsolidation due to the selloff of a former subsidiary, I-ON Communications,
Ltd. ("Communications").
The Company believes that the financial statements should no longer be relied
upon because of an incorrect presentation and should therefore be restated.
Accordingly, the Company will restate its financial statements for the nine
month period ended September 30, 2022, by disclosing the effect of these errors
in an amended Form 10-Q for the nine months ended September 30, 2022.
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