10-Q/A - GoLogiq, Inc. (0001746278) (Filer)

Thu, Jun 27, 8:21 PM (261 days ago)

GoLogiq, Inc. filed its 10-Q/A Amendment No. 2 for the quarter ended March 31, 2022, restating financials due to a reassessment of the AppLogiq/CreateApp acquisition from Logiq, Inc. The transaction was reclassified from a business combination to a capital transaction. Key financials were revised, eliminating previously recognized goodwill and intangible assets. The restated balance sheet shows total liabilities of $1,433,266, and a stockholder's deficit of the same amount. For Q1 2022, the company reported $3,309,017 in service revenue, a gross profit of $1,073,676, and a net loss of $1,390,623. The amendment also includes updated certifications and explanations for the restatement.