Appreciated Media (TSX.V: AMH) (OTCQB: AMEFF) has filed amended and restated interim financial statements as well as an amended and restated corresponding management’s discussion and analysis; the filings were for the interim periods ended Sept. 30, 2020, and Dec. 31, 2020. According to the announcement, the amended financial reports include more fulsome disclosure pertaining to the assignment of various receivables and liabilities to third parties in connection with AMEFF’s internal restructuring as well as several corrections. Those corrections include changing the comparative period for the balance sheet from Dec. 31, 2019, to June 30, 2020, and changing the comparative period for the statement of cash flows to reflect the six months ended Dec. 31, 2019, rather than Dec. 31, 2020. The new filings also amend note 5 to include transactions for the year-to-date period of the six months ended Dec. 31, 2020, as well as updating the subsequent event note to provide a more comprehensive overview of upcoming events and removing language that was both subjective and promotional. Finally, the new filings reconcile cash from operating activities and cash from financing activities in the Dec. 31, 2020, to the corresponding amounts in the statement of cash flows.
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About Appreciated Media Holdings Inc.
Appreciated is a worldwide film and television media production-packaging company whose core business is producing independent films and television movies for global business-to-business distribution. For more information about the company, please visit www.AppreciatedMedia.com.
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