In addition, the company is announcing a major marketing campaign for 2023, which shows a clear strategic vision and plan to move forward and capitalize on the new product launch. This can potentially create more revenue and awareness for the company.
CEO,
The delay in filing is due primarily to the additional time required for the accounting of acquisitions completed in 2022. During the auditing process, the company made several corrections to Alchemy’s accounts receivables, revenue reporting, and liabilities.
The company has improved controls to adhere to GAAP and PCAOB standards, and management has taken the following steps to address any discrepancies and improve the overall financial performance of the company:
- Adhering to GAAP accounting standards by making several adjustments to Alchemy financial reports
- Amended client agreements to be accurate as we advance
- Issued client credits where appropriate to ensure the integrity of each relationship
- Implemented improved processes and controls on costs to improve profitability and lower total costs to the clients
- Placed controls to achieve regulatory filing dates going forward
"Providing clear and transparent communication to our shareholders is important," said
Despite the delay on the audit,
Overall,
About
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