DPW Holdings, Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits (Amendment)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
(Amendment No. 1)
CURRENT REPORT
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EXPLANATORY NOTE
Other than the foregoing, this Amended Current Report speaks as of the original date of the Original Filing, does not reflect events that may have occurred subsequent to the date of the Original Filing and does not modify or update in any way disclosures made in the Form 8-K.
| ITEM 2.02 | RESULTS OF OPERATIONS AND FINANCIAL CONDITION |
On November 19, 2021, the Company issued the Original Press Release to announce its financial results for the three and nine months ended September 30, 2021. A copy of the Original Press Release was furnished herewith as Exhibit 99.1 to the Original Filing. The narrative in the Original Press Release was corrected by updating revenue by segment table for the three months ended September 30, 2021, correcting revenue from cryptocurrency mining from $238,000 to $272,000 and correcting other revenue from $369,000 to $336,000. A correction in the narrative was made to the gross margin percentage for the three months ended September 30, 2020, from 35.3% to 34.2%. The financial statements on the last five pages of the Original Press Release are amended as they reflected results for the period ended June 30, 2021. The financial statements in the Revised Press Release conform to the financial statements included in the Form 10-Q filed on the November 19, 2021.
On November 21, 2021, the Company issued the Revised Press Release announcing its financial results for the three and nine months ended September 30, 2021. A copy of the Revised Press Release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.
In accordance with General Instruction B.2 of Form 8-K, the information under this item and Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
The Securities and Exchange Commission encourages registrants to disclose forward-looking information so that investors can better understand the future prospects of a registrant and make informed investment decisions. This Current Report on Form 8-K and exhibits may contain these types of statements, which are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and which involve risks, uncertainties and reflect the Registrant’s judgment as of the date of this Current Report on Form 8-K. Forward-looking statements may relate to, among other things, operating results and are indicated by words or phrases such as “expects,” “should,” “will,” and similar words or phrases. These statements are subject to inherent uncertainties and risks that could cause actual results to differ materially from those anticipated at the date of this Current Report on Form 8-K. Investors are cautioned not to rely unduly on forward-looking statements when evaluating the information presented within.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
| (d) | Exhibits: |
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Exhibit No. |
Description | |
| 99.1 | Press Release issued on November 21, 2021. | |
| 101 | Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language). | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101). |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AULT GLOBAL HOLDINGS, INC. | ||
| Dated: November 22, 2021 | /s/ Kenneth Cragun | |
Kenneth Cragun Chief Financial Officer | ||
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