Company: EGG
Filing Date: 2025-04-16
Form Type: F-1/A
Source: 0001641172-25-004947
Chunk: 201

Company: ENIGMATIG LTD
Filing Date: 2025-04-16
Form: F-1/A
Chunk 201
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 not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s consolidated balance sheets, statements of operations and cash flows.

| 3 | Restatement of consolidated financial statemes |

Restatement for the year ended September 30, 2022

During the preparation of the consolidated financial statements, the Company determined it had not appropriately accounted for certain historical transactions under US GAAP. The Company evaluated the materiality of the errors from qualitative and quantitative perspectives, individually and in the aggregate, and concluded that the errors were material to the consolidated statement of cash flows for the year ended September 30, 2022.

Description of Misstatements

The Company has incorrectly included the funds collected by the director from customers on behalf of the Company under accounts receivable of cash flow from operating activities and amount due from shareholder of cash flow from investing activites, which would be more accurate to be presented under non-cash operating and investing activities.

Restated Consolidated Statement of Cash Flow (adjusted line items)

|                                                            |     | For the year ended September 30, 
 2022                             |            |   |     |             |            |   |     |        |            |   |
|:-----------------------------------------------------------|:----|:---------------------------------|-----------:|:--|:----|:------------|-----------:|:--|:----|:-------|-----------:|:--|
|                                                            |     | As                               
 previously reported              |            |   |     | As restated |            |   |     | Change |            |   |
|                                                            |     | US$                              |            |   |     | US$         |            |   |     | US$    |            |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                      |     |                                  |            |   |     |             |            |   |     |        |            |   |
| Accounts receivable                                        |     |                                  |    (22,471 | ) |     |             | (1,601,990 | ) |     |        | (1,579,519 | ) |
| Net cash provided by (used in) operating activities        |     |                                  |  1,238,764 |   |     |             |   (340,755 | ) |     |        | (1,579,519 | ) |
| CASH FLOWS FROM INVESTING ACTIVITIES:                      |     |                                  |            |   |