Edgewater Wireless Delays Reporting of Year-End Statements

Wi-Fi technology company Edgewater Wireless said Tuesday it will delay filing its annual consolidated financial statements for the year that ended April 30, plus “related management’s discussion and analysis of financial condition and results of operations” and other documents. During an audit, KPMG identified a potential adjustment to the accounting treatment of $528,000 worth of convertible debentures issued by the Canadian company Sept. 1, 2022, said a news release: “The Company is currently working diligently to complete the convertible debentures related analysis and facilitate the completion of the audit of the annual consolidated financial statements by KPMG at the earliest possible date. It expects to be able to file the Required Documents by September 8 … or sooner.”