Vancouver, British Columbia--(Newsfile Corp. - September 2, 2022) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (FTX: WNDR) (the "Company" or "WonderFi") has filed amended and restated interim condensed consolidated financial statements and accompanying management discussion and analysis ("MD&A"), for the three and nine month periods ending June 30, 2022.
The amended filings are a result of a review completed by the Company's newly appointed auditors, Raymond Chabot Grant Thornton, in connection with the preliminary purchase price allocation of the Company's acquisition of Bitbuy Holdings Inc. A summary of material revisions ("Adjustments") to the financial statements is as follows:
The Company amended its statement of financial position as at June 30, 2022 to include an increase in goodwill by $19,504,852 and an offsetting increase in deferred tax liabilities. The adjustment was made to correct an error of not recording a deferred tax liability for the intangible asset acquired from the business combination.
The Company amended its statement of cash flows for the three and nine months ended June 30, 2022, to reclassify the purchase of digital assets and disposal of digital assets from investing activities to changes in working capital items given digital assets relate to day-to-day operations. Also, the Company netted the right-of-use assets and lease liabilities as lease payments and reclassified it from investing activities to financing...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...