Explanation of Restatement of Statements of Income for January 31, 2021 |
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Explanation Of Restatement Of Statements Of Income For January 31, 2021 |
Note 19. Explanation of Restatement of Statements of Income for January 31, 2021
The Company is filing a restatement of its year ending Statements of Income for the period ending January 31, 2021, which was filed with the SEC on May 17, 2021 (the “Original Report”) and subsequently with each quarterly report filed with the SEC. The financial statements contained in our Annual Report on Form 10-K for the period ended January 31, 2021 require restatement in order to account for the other income of the Company in order to provide better presentation according to GAAP. The changes in our consolidated Statements of Income are summarized, below (in thousands).
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