Goldenwell Biotech restates September 2025-quarter net loss to USD 27,895
GOLDENWELL BIOTECH INC
GOLDENWELL BIOTECH INC GWLL | 0.00 |
- Goldenwell Biotech restated its quarterly financial statements for the quarter ended Sept. 30, 2025 in a Form 10-Q/A filed June 29, 2026.
- Restatement removed USD 25,000 of service revenue previously recorded for the quarter, tied to a service contract that did not meet recognition criteria.
- Quarterly net loss was restated to USD 27,895 from USD 7,985, reflecting revised revenue timing, legal expense accrual timing, and OTCQB fee deferral.
- Balance sheet changes included a USD 13,350 prepaid OTCQB fee asset and unearned service revenue increased to USD 100,000 from USD 37,500.
- As of Sept. 30, 2025, the restated balance sheet showed USD 233,760 in assets, USD 377,733 in liabilities, and stockholders’ deficit of USD 143,974.
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