| Posted: 31 January 2025 at 2:28am | IP Logged | 6
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The Bleeding Cool article reprints the "Going Concern" issue note in the audit report at the bottom in white letters.
I teach undergraduate auditing at Western CT State University, and when the "Going Concern" issue rises to the surface, it's not good news for the company.
IDW's annual report for October 31, 2024, its fiscal year end is at this link: https://www.otcmarkets.com/otcapi/company/financial-report/4 21042/content
""the accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 19 to the financial statements, the collectability of certain receivables sold by the Company's distributor are in question and the dollar amount of the receivable in question cannot be estimated at this time and has stated that substantial doubt exists about the Company's ability to continue as a going concern."
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