Brief: Rennova Health says FY 2015 statements "can no longer be relied upon"
17/05/2016 21:15
May 18 (Reuters) - Rennova Health Inc RNVA.O
* After review concluded that company's financial statements
for fiscal year ended December 31, 2015 can no longer be relied
upon
* Determined it did not correctly record, as of Dec 31,
2015, $1.2 million in stock issued to financial adviser related
to merger between co and Medytox solutions
* Incorrectly recorded $0.5 million in general and
administrative costs related to merger that should have
increased goodwill related to merger
* Company intends to amend its form 10-k for year ended
December 31, 2015, as soon as reasonably practicable
Source text for Eikon: ID:nEOL8W2F5B
Further company coverage: RNVA.O
((Bengaluru Newsroom +91 806 749 1136))
Recent news on Rennova Health
See all newsBrief: Rennova Health Announces Stock Exchange Agreements With Foxo Technologies For Two Operating Subsidiaries
Brief: Foxo Technologies Enters Into Share Exchange Agreements To Acquire Healthcare Operations From Rennova Health, Inc.
Brief: Rennova Health, Inc. Announces Reverse Stock Split
Brief: Rennova Health Says Purchased, Taken Delivery Of Equipment To Provide Rapid Testing For COVID-19 At 3 Sites
Brief: Rennova Health Completes Agreement To Sell West Palm Beach-Based Clinical Laboratory