Legend Power Systems Inc. Plans to Restate Audited Financial Information for the Year Ended September 30, 2015
January 12, 2017 at 12:30 pm
Legend Power Systems Inc. announced that it has decided to restate certain financial information for the year ended September 30, 2015. The material changes to be included in the 2015 restatement will affect the Company's revenue, cost of goods sold, inventory, accounts receivable, warranty provision and accrued liabilities, and is projected to increase the Company's loss and comprehensive loss for that year by $0.35 million, from $2.54 million to $2.89 million.