Brief: Onfolio Holdings Files For Non- Timely 10-K With U.S. SEC
31/03/2025 17:46
March 31 (Reuters) - Onfolio Holdings Inc ONFO.O: ONFOLIO HOLDINGS INC FILES FOR NON- TIMELY 10-K WITH U.S. SEC ONFOLIO HOLDINGS-WILL RESTATE FINANCIAL STATEMENTS FOR YEAR ENDED DEC 31, 2023 ONFOLIO HOLDINGS- IDENTIFIED ERROR IN APPLICATION OF ASC 350 IMPAIRMENT GUIDANCE, RESULTED IN NON-CASH IMPAIRMENT ADJUSTMENT ONFOLIO HOLDINGS: ADJUSTMENT IS NOT EXPECTED TO IMPACT CASH FLOWS, & REFLECTS REFINEMENT IN ESTIMATES & APPROACH RATHER THAN NEWLY IDENTIFIED ISSUE ONFOLIO HOLDINGS-ADJUSTMENT IS EXPECTED TO INCREASE NET OPERATING LOSS BY ABOUT 13%, REDUCE TOTAL ASSETS BY ABOUT 17% FOR YEAR ENDED DEC 31, 2023 Source text: [ID:n0001654954-25-003652] Further company coverage: ONFO.O (((( Reuters.Briefs@thomsonreuters.com ;));))