SecureTech Innovations restates June-quarter net loss at $93,887
SCTH•SecureTech files restatement for June quarter
- SecureTech Innovations filed a Form 10-Q/A restating results for the quarter ended June 30, 2025.
- The board concluded prior financial statements for fiscal 2025 plus interim periods through March 31, 2026, should no longer be relied upon.
- The restatement reclassified certain accounts receivable between current and non-current assets.
- Redeemable non-controlling interest in Zhejiang Jizhu was reclassified from permanent equity to mezzanine equity, with related accretion adjustments.
- Management identified an additional material weakness tied to complex equity instruments and balance sheet classification controls.
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