Item 4.02Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
In connection with the preparation of the Ehave, Inc. ("Ehave") financial
statements as of
As a result of the foregoing, the Company's management concluded that its
previously issued (i) audited balance sheet and consolidated statement of
operations for the period ending
The Company has discussed the matters disclosed in this Current Report on
Form 8-K with its independent registered public accounting firm,
As a result of this review, we have reviewed the effectiveness of our internal
controls over financial reporting. We believe these errors were primarily due to
deficiencies pertaining to insufficiently skilled personnel and a lack of human
resources within our accounting and finance functions and deficiencies relating
to insufficient analysis, documentation and review of the selection and
application of GAAP to significant non-routine transactions, including the
preparation of financial statement disclosures relating thereto. Our Annual
Report on Form 20-F included management's assessment that, as of the
The discussion of our revised financial results contained in this Current Report on Form 8-K has been prepared by management and represents management's preliminary assessment of the revised results. These results are subject to change as our independent registered public accounting firm completes its review.
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.
--------------------------------------------------------------------------------
© Edgar Online, source