[8-K] Maison Solutions Inc. Reports Material Event
On August 13, 2025, Maison Solutions Inc. reported that its Audit Committee, after discussions with management and independent auditor Kreit & Chiu CPA LLP, concluded certain previously issued financial statements should no longer be relied upon due to accounting errors under US GAAP. The company restated the impacted financial statements for the period and disclosed the effects in its 2025 annual report.
The Restatement increased the reported cash balance by $2,074,298 related to the April 2024 acquisition of Lee Lee Oriental Supermart, Inc., and decreased goodwill by the same amount. The company says the correction relates solely to cash accounting in the consolidated balance sheets and cash flow statements as of April 30, 2024, and does not affect reported loss from operations, non-GAAP metrics, financial-covenant compliance, or incentive compensation. Management and the Audit Committee concluded the misstatements were unintentional.
Il 13 agosto 2025 Maison Solutions Inc. ha comunicato che il suo Comitato per la Revisione Contabile, dopo aver discusso con la direzione e con il revisore indipendente Kreit & Chiu CPA LLP, ha concluso che alcuni bilanci precedentemente pubblicati non possono pi霉 essere considerati affidabili a causa di errori contabili ai sensi degli US GAAP. La societ脿 ha ripresentato i bilanci interessati per il periodo e ha illustrato gli effetti nel suo rapporto annuale 2025.
La rettifica ha incrementato la liquidit脿 riportata di $2,074,298 relativa all'acquisizione di aprile 2024 di Lee Lee Oriental Supermart, Inc., e ha ridotto l'avviamento dello stesso importo. La societ脿 precisa che la correzione riguarda esclusivamente la contabilizzazione della cassa nei bilanci consolidati e nei rendiconti finanziari al 30 aprile 2024, e non incide sulla perdita operativa riportata, sulle metriche non-GAAP, sul rispetto dei covenant finanziari o sulle retribuzioni incentivanti. La direzione e il Comitato per la Revisione hanno ritenuto le inesattezze non intenzionali.
El 13 de agosto de 2025, Maison Solutions Inc. inform贸 que su Comit茅 de Auditor铆a, tras dialogar con la direcci贸n y con el auditor independiente Kreit & Chiu CPA LLP, concluy贸 que ciertos estados financieros emitidos anteriormente ya no son confiables debido a errores contables seg煤n los US GAAP. La compa帽铆a reh铆zo los estados financieros afectados del periodo y divulg贸 los efectos en su informe anual 2025.
La rectificaci贸n aument贸 el saldo de efectivo informado en $2,074,298 relacionado con la adquisici贸n de abril de 2024 de Lee Lee Oriental Supermart, Inc., y redujo la plusval铆a por el mismo importe. La empresa indica que la correcci贸n se refiere 煤nicamente al registro de efectivo en los balances consolidados y en los estados de flujo de efectivo al 30 de abril de 2024, y no afecta la p茅rdida operativa reportada, las m茅tricas no-GAAP, el cumplimiento de convenios financieros ni la compensaci贸n por incentivos. La direcci贸n y el Comit茅 de Auditor铆a concluyeron que las incorrecciones no fueron intencionales.
2025雲� 8鞗� 13鞚�, Maison Solutions Inc.電� 臧愳偓鞙勳洂須岅皜 瓴届榿歆� 氚� 霃呺 臧愳偓鞚� Kreit & Chiu CPA LLP鞕�鞚� 雲检潣 雭濎棎 鞚茧秬 鞚挫爠 瓿奠嫓霅� 鞛鞝滍憸臧� 氙戈淡 須岅硠旮办(US GAAP)靸� 須岅硠 鞓る搿� 雿� 鞚挫儊 鞁犽頃� 靾� 鞐嗠嫟瓿� 瓴半歆�鞐堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 須岇偓電� 頃措嫻 旮瓣皠鞚� 鞓來枼氚涭潃 鞛鞝滍憸毳� 鞝曥爼頃橁碃 攴� 雮挫毄鞚� 2025雲� 鞐半氤搓碃靹滌棎 瓿奠嫓頄堨姷雼堧嫟.
鞚措矆 鞝曥爼鞙茧 2024雲� 4鞗� Lee Lee Oriental Supermart, Inc. 鞚胳垬鞕� 甏�霠暣 氤搓碃霅� 順勱笀 鞛旍暋鞚� $2,074,298 歃濌皜頄堨溂氅�, 鞓侅梾甓岇潃 霃欖澕頃� 旮堨暋毵岉伡 臧愳唽頄堨姷雼堧嫟. 須岇偓電� 鞚� 靾橃爼鞚� 2024雲� 4鞗� 30鞚� 旮办 鞐瓣舶雽�彀寑臁绊憸鞕� 順勱笀頋愲響滌儊鞚� 順勱笀 觳橂Μ鞐愲 甏�霠悳 瓴冹澊氅�, 氤搓碃霅� 鞓侅梾靻愳嫟, 牍�-GAAP 歆�響�, 旮堨湹 鞎届爼 欷�靾� 鞐秬 霕愲姅 鞚胳劶韹半笇 氤挫儊鞐愲姅 鞓來枼鞚� 氙胳箻歆� 鞎婋姅雼り碃 氚濏様鞀惦媹雼�. 瓴届榿歆勱臣 臧愳偓鞙勳洂須岆姅 頃措嫻 鞓る臧� 瓿犾潣鞝侅澊歆� 鞎婌晿雼り碃 瓴半歆�鞐堨姷雼堧嫟.
Le 13 ao没t 2025, Maison Solutions Inc. a d茅clar茅 que son comit茅 d'audit, apr猫s 茅changes avec la direction et l'auditeur ind茅pendant Kreit & Chiu CPA LLP, avait conclu que certains 茅tats financiers publi茅s ant茅rieurement ne pouvaient plus 锚tre consid茅r茅s comme fiables en raison d'erreurs comptables selon les US GAAP. La soci茅t茅 a retrait茅 les 茅tats financiers affect茅s pour la p茅riode concern茅e et a divulgu茅 les effets dans son rapport annuel 2025.
Le retraitement a augment茅 le solde de tr茅sorerie d茅clar茅 de $2,074,298 li茅 脿 l'acquisition d'avril 2024 de Lee Lee Oriental Supermart, Inc., et a diminu茅 le goodwill du m锚me montant. La soci茅t茅 pr茅cise que la correction concerne uniquement l'enregistrement de la tr茅sorerie dans les bilans consolid茅s et les tableaux de flux de tr茅sorerie au 30 avril 2024, et n'affecte pas la perte d'exploitation d茅clar茅e, les mesures non-GAAP, le respect des engagements financiers ni la r茅mun茅ration incitative. La direction et le comit茅 d'audit ont conclu que ces erreurs n'茅taient pas intentionnelles.
Am 13. August 2025 gab Maison Solutions Inc. bekannt, dass sein Pr眉fungsausschuss nach Gespr盲chen mit der Unternehmensf眉hrung und dem unabh盲ngigen Abschlusspr眉fer Kreit & Chiu CPA LLP zu dem Schluss gekommen ist, dass bestimmte zuvor ver枚ffentlichte Abschlussangaben wegen Rechnungslegungsfehlern nach US GAAP nicht mehr zuverl盲ssig sind. Das Unternehmen hat die betroffenen Abschl眉sse f眉r den betreffenden Zeitraum berichtigt und die Auswirkungen in seinem Jahresbericht 2025 offengelegt.
Die Berichtigung erh枚hte den ausgewiesenen Kassenbestand um $2,074,298 im Zusammenhang mit der 脺bernahme von Lee Lee Oriental Supermart, Inc. im April 2024 und verringerte den Firmenwert um denselben Betrag. Das Unternehmen erkl盲rt, die Korrektur betreffe ausschlie脽lich die Cash-Buchung in der konsolidierten Bilanz und in den Cashflow-Ausweisen zum 30. April 2024 und habe keine Auswirkungen auf den ausgewiesenen Betriebsverlust, auf Non-GAAP-Kennzahlen, die Einhaltung finanzieller Covenants oder die leistungsabh盲ngige Verg眉tung. Management und Pr眉fungsausschuss kamen zu dem Schluss, dass die Fehldarstellungen nicht vors盲tzlich waren.
- $2,074,298 in cash was correctly recorded following the restatement, increasing reported liquidity.
- The restatement does not affect reported loss from operations, non-GAAP metrics, financial covenant compliance, or incentive compensation per the company's disclosure.
- Management and the Audit Committee determined the misstatements were unintentional and involved the company鈥檚 independent registered public accounting firm.
- The company stated that previously issued audited and unaudited financial statements for the affected periods should no longer be relied upon.
- The errors were determined to be material to the consolidated balance sheet as of April 30, 2024, indicating a significant prior-period misstatement.
- The restatement required a corrective decrease to goodwill by $2,074,298, reflecting an error in acquisition accounting for the Lee Lee transaction.
Insights
TL;DR: A material balance-sheet restatement corrected a $2.07M cash and goodwill misclassification but left operating results and key metrics unchanged.
The restatement is material to the consolidated balance sheet as of April 30, 2024 because it increases cash and reduces goodwill by $2,074,298. Operational profitability and the company鈥檚 non-GAAP measures are reported as unaffected, which limits immediate earnings impact. Investors should note that prior filings for the affected periods should no longer be relied upon, and the correction will be reflected in the 2025 annual report. Overall, this is a balance-sheet level correction with limited stated operational impact.
TL;DR: Material misstatement required a restatement under SAB 99/108; raises questions on prior period accounting controls despite alleged non-fraudulent intent.
The company evaluated the errors under SAB 99 and SAB 108 and concluded they were material to the April 30, 2024 consolidated balance sheet. The explicit increase to cash and offsetting decrease to goodwill suggests a misclassification or omission in acquisition accounting for the Lee Lee acquisition. Management and the Audit Committee characterize the misstatements as unintentional and confirm no effect on covenants or operating results; however, a material restatement typically triggers scrutiny of internal controls and disclosure controls. Expect auditors and investors to seek details on the root cause and remediation steps in subsequent filings.
Il 13 agosto 2025 Maison Solutions Inc. ha comunicato che il suo Comitato per la Revisione Contabile, dopo aver discusso con la direzione e con il revisore indipendente Kreit & Chiu CPA LLP, ha concluso che alcuni bilanci precedentemente pubblicati non possono pi霉 essere considerati affidabili a causa di errori contabili ai sensi degli US GAAP. La societ脿 ha ripresentato i bilanci interessati per il periodo e ha illustrato gli effetti nel suo rapporto annuale 2025.
La rettifica ha incrementato la liquidit脿 riportata di $2,074,298 relativa all'acquisizione di aprile 2024 di Lee Lee Oriental Supermart, Inc., e ha ridotto l'avviamento dello stesso importo. La societ脿 precisa che la correzione riguarda esclusivamente la contabilizzazione della cassa nei bilanci consolidati e nei rendiconti finanziari al 30 aprile 2024, e non incide sulla perdita operativa riportata, sulle metriche non-GAAP, sul rispetto dei covenant finanziari o sulle retribuzioni incentivanti. La direzione e il Comitato per la Revisione hanno ritenuto le inesattezze non intenzionali.
El 13 de agosto de 2025, Maison Solutions Inc. inform贸 que su Comit茅 de Auditor铆a, tras dialogar con la direcci贸n y con el auditor independiente Kreit & Chiu CPA LLP, concluy贸 que ciertos estados financieros emitidos anteriormente ya no son confiables debido a errores contables seg煤n los US GAAP. La compa帽铆a reh铆zo los estados financieros afectados del periodo y divulg贸 los efectos en su informe anual 2025.
La rectificaci贸n aument贸 el saldo de efectivo informado en $2,074,298 relacionado con la adquisici贸n de abril de 2024 de Lee Lee Oriental Supermart, Inc., y redujo la plusval铆a por el mismo importe. La empresa indica que la correcci贸n se refiere 煤nicamente al registro de efectivo en los balances consolidados y en los estados de flujo de efectivo al 30 de abril de 2024, y no afecta la p茅rdida operativa reportada, las m茅tricas no-GAAP, el cumplimiento de convenios financieros ni la compensaci贸n por incentivos. La direcci贸n y el Comit茅 de Auditor铆a concluyeron que las incorrecciones no fueron intencionales.
2025雲� 8鞗� 13鞚�, Maison Solutions Inc.電� 臧愳偓鞙勳洂須岅皜 瓴届榿歆� 氚� 霃呺 臧愳偓鞚� Kreit & Chiu CPA LLP鞕�鞚� 雲检潣 雭濎棎 鞚茧秬 鞚挫爠 瓿奠嫓霅� 鞛鞝滍憸臧� 氙戈淡 須岅硠旮办(US GAAP)靸� 須岅硠 鞓る搿� 雿� 鞚挫儊 鞁犽頃� 靾� 鞐嗠嫟瓿� 瓴半歆�鞐堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 須岇偓電� 頃措嫻 旮瓣皠鞚� 鞓來枼氚涭潃 鞛鞝滍憸毳� 鞝曥爼頃橁碃 攴� 雮挫毄鞚� 2025雲� 鞐半氤搓碃靹滌棎 瓿奠嫓頄堨姷雼堧嫟.
鞚措矆 鞝曥爼鞙茧 2024雲� 4鞗� Lee Lee Oriental Supermart, Inc. 鞚胳垬鞕� 甏�霠暣 氤搓碃霅� 順勱笀 鞛旍暋鞚� $2,074,298 歃濌皜頄堨溂氅�, 鞓侅梾甓岇潃 霃欖澕頃� 旮堨暋毵岉伡 臧愳唽頄堨姷雼堧嫟. 須岇偓電� 鞚� 靾橃爼鞚� 2024雲� 4鞗� 30鞚� 旮办 鞐瓣舶雽�彀寑臁绊憸鞕� 順勱笀頋愲響滌儊鞚� 順勱笀 觳橂Μ鞐愲 甏�霠悳 瓴冹澊氅�, 氤搓碃霅� 鞓侅梾靻愳嫟, 牍�-GAAP 歆�響�, 旮堨湹 鞎届爼 欷�靾� 鞐秬 霕愲姅 鞚胳劶韹半笇 氤挫儊鞐愲姅 鞓來枼鞚� 氙胳箻歆� 鞎婋姅雼り碃 氚濏様鞀惦媹雼�. 瓴届榿歆勱臣 臧愳偓鞙勳洂須岆姅 頃措嫻 鞓る臧� 瓿犾潣鞝侅澊歆� 鞎婌晿雼り碃 瓴半歆�鞐堨姷雼堧嫟.
Le 13 ao没t 2025, Maison Solutions Inc. a d茅clar茅 que son comit茅 d'audit, apr猫s 茅changes avec la direction et l'auditeur ind茅pendant Kreit & Chiu CPA LLP, avait conclu que certains 茅tats financiers publi茅s ant茅rieurement ne pouvaient plus 锚tre consid茅r茅s comme fiables en raison d'erreurs comptables selon les US GAAP. La soci茅t茅 a retrait茅 les 茅tats financiers affect茅s pour la p茅riode concern茅e et a divulgu茅 les effets dans son rapport annuel 2025.
Le retraitement a augment茅 le solde de tr茅sorerie d茅clar茅 de $2,074,298 li茅 脿 l'acquisition d'avril 2024 de Lee Lee Oriental Supermart, Inc., et a diminu茅 le goodwill du m锚me montant. La soci茅t茅 pr茅cise que la correction concerne uniquement l'enregistrement de la tr茅sorerie dans les bilans consolid茅s et les tableaux de flux de tr茅sorerie au 30 avril 2024, et n'affecte pas la perte d'exploitation d茅clar茅e, les mesures non-GAAP, le respect des engagements financiers ni la r茅mun茅ration incitative. La direction et le comit茅 d'audit ont conclu que ces erreurs n'茅taient pas intentionnelles.
Am 13. August 2025 gab Maison Solutions Inc. bekannt, dass sein Pr眉fungsausschuss nach Gespr盲chen mit der Unternehmensf眉hrung und dem unabh盲ngigen Abschlusspr眉fer Kreit & Chiu CPA LLP zu dem Schluss gekommen ist, dass bestimmte zuvor ver枚ffentlichte Abschlussangaben wegen Rechnungslegungsfehlern nach US GAAP nicht mehr zuverl盲ssig sind. Das Unternehmen hat die betroffenen Abschl眉sse f眉r den betreffenden Zeitraum berichtigt und die Auswirkungen in seinem Jahresbericht 2025 offengelegt.
Die Berichtigung erh枚hte den ausgewiesenen Kassenbestand um $2,074,298 im Zusammenhang mit der 脺bernahme von Lee Lee Oriental Supermart, Inc. im April 2024 und verringerte den Firmenwert um denselben Betrag. Das Unternehmen erkl盲rt, die Korrektur betreffe ausschlie脽lich die Cash-Buchung in der konsolidierten Bilanz und in den Cashflow-Ausweisen zum 30. April 2024 und habe keine Auswirkungen auf den ausgewiesenen Betriebsverlust, auf Non-GAAP-Kennzahlen, die Einhaltung finanzieller Covenants oder die leistungsabh盲ngige Verg眉tung. Management und Pr眉fungsausschuss kamen zu dem Schluss, dass die Fehldarstellungen nicht vors盲tzlich waren.
FAQ
What did Maison Solutions (MSS) disclose in the 8-K?
How much was the cash correction and what caused it?
Which reporting periods are affected by the restatement?
Does the restatement affect operations, non-GAAP measures, or covenants?
Was the misstatement due to fraud?
Who was the independent auditor involved?
