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SDR Drone, Inc. filed a Form 8-K under Item 4.02 announcing that management and auditor Integritat CPA determined…
HLLKSDR Drone, Inc.
SDR Drone, Inc. filed a Form 8-K under Item 4.02 announcing that management and auditor Integritat CPA determined previously issued financial statements for fiscal years 2025 and 2024 should no longer be relied upon due to material misstatements. The restatement corrects errors including understated convertible notes, accrued interest, derivative liabilities, revenue recognition issues, and unaccrued expenses. For 2025, the net loss increased by $1,569,224, raising the accumulated deficit to $5,315,165. For 2024, the net loss increased by $826,206, resulting in a restated basic and diluted net loss per share of $(0.56) and an accumulated deficit of $3,922,221. The company disclosed material weaknesses in internal controls regarding accounting personnel segregation and audit committee independence, though an Audit Committee was established in June 2026. SDR Drone, Inc. operates in the drone technology industry.