Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

On March 25, 2022, Leet Technology, Inc. ("Leet" or the "Company") after discussion with Friedman, LLP ("Friedman"), the Company's current independent registered public accounting firm, J&S Associates, the Company's predecessor independent registered public accounting firm, the Audit Committee of the Company's Board of Directors (the "Audit Committee") and the Company's management concluded that it is appropriate to correct the Company's previously issued unaudited condensed consolidated financial statements for the three-month and six-month periods ended June 30, 2021 and September 30, 2021 (collectively the "Relevant Periods") by restating such unaudited condensed consolidated financial information in an amended Quarterly Report on Form 10-Q for each of the Relevant Periods because the errors were material to the financial information for each of the Relevant Periods due to overstatement of revenue recognized pursuant to certain contracts entered into by the Company. Considering such restatements, the unaudited condensed consolidated financial statements for each of the Relevant Periods should no longer be relied upon.

For the periods ended June 30, 2021 and September 30 , 2021 revenue was overstated $100,000 and $60,000 respectively. Based on our conclusion, this has a material impact on Company's financial statements for the relevant periods both quantitatively and qualitatively. In connection with the restatement, management has determined that material weakness occurred due to our misapplication of ASC 606.

The Company's plan to remediate this material weakness will be described in its Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The Company has recorded an audit adjustment as of December 31, 2021 to reverse the revenue and related receivable recorded in error.

The Company's Audit Committee has discussed the matters disclosed in this Item 4.02 with its independent registered public accounting firm Friedman LLP.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements about the Company's expectations, beliefs, plans, predictions, forecasts, objectives, assumptions, or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words and phrases such as "may," "could," "should," "looking forward," "will," "would," "believes," "expects," "hope," "anticipates," "estimate," "intends," "plans," "assume," "goal," "seek," "can", "predicts," "potential," "projects," "continuing," "ongoing," and similar expressions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable as of the date on which the statements are made, these statements are not guarantees of future performance and involve risks and uncertainties which are subject to change based on various important factors and assumptions, some of which are beyond the Company's control. Among the factors that could cause the Company's financial performance to differ materially from that suggested by forward-looking statements include, without limitation, the risks and uncertainties described in the Company's filings with the Securities and Exchange Commission. If one or more of the factors affecting the Company's forward-looking information and statements renders forward-looking information or statements incorrect, the Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking information and statements. Therefore, the Company cautions the reader not to place undue reliance on any forward-looking information or statements herein. The effect of these factors is difficult to predict. Factors other than these also could adversely affect the Company's results, and the reader should not consider these factors to be a complete set of all potential risks or uncertainties as new factors emerge from time to time. Management cannot assess the impact of any such factor on the Company's business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements reflect the current beliefs and expectations of the Company's management and only speak as of the date of this document, and the Company

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