Company: RGBP
Filing Date: 2025-05-13
Form Type: 8-K
Source: 0001641172-25-009967
Chunk: 0

Company: Regen BioPharma Inc
Filing Date: 2025-05-13
Form: 8-K
Item: Item 4.02
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ITEM
4.02 Non-Reliance on Previously Issued Financial Statements.

On
May 13, 2025 the Board of Directors of Regen Biopharma, Inc. (the “ Company”) concluded that the previously issued
unaudited Balance Sheet, Statement of Operations, Statement of Shareholders Equity ( Deficit) and Statement of Cash Flow for the year
ended September 30, 2024 filed with the Company’s Form 8-k dated November 20, 2024 should not be relied upon.

The
Company determined that the following revisions are required

The
value given to 249,915 common shares issued as nonemployee compensation has been adjusted to $0.1499 per share

The
market price utilized in calculating Derivative Liability as of September 30, 2024 has been corrected to $0.1027 per share.

$204,847
in Unrealized Losses on Investment Securities has been reclassified as Other Comprehensive Income

REGEN BIOPHARMA,
INC.

CONSOLIDATED
BALANCE SHEETS

                                                                                                                                        Originally Presented                                     Restated                    
                                                                                                                                        As                                                       As                          
  ASSETS                                                                                                                                                                                                                     
  Current Assets                                                                                                                                                                                                             
  Cash                                                                                                                                  $                                 716      -             $                      716  
  Accounts Receivable, Related Party                                                                                                                                   94,873      -                                 94,873  
  Prepaid Assets                                                                                                                                                       64,289      (16,527                           47,762  
  Total Current Assets                                                                                                                                                159,878      (16,527                          143,351  
  Other Assets                                                                                                                                                                                                               
  Investment Securities, Related Party                                                                                                                                 17,733      -                                 17,733  
  Total Other Assets                                                                                                                                                   17,733      -                                 17,733  
  TOTAL ASSETS                                                                                                                          $                             177,611      (16,527       $                  161,084  
  LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                                       
  Current Liabilities:                                                                                                                                                                                                       
  Accounts payable                                                                                                                                                     29,669      -                                 29,669  
  Accrued Expenses                                                                                                                                                  1,664,827      -                              1,664,827  
  Notes Payable                                                                                                                                                       293,819      -                                293,819  
  Unearned Income                                                                                                                                                   1,465,171      -                              1,465,171  
  Unearned Income ( Related Party)                                                                                                                                          -      -                                      -