UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit or Completed Interim Review
On February 14, 2024, Earth Science Tech, Inc. (the “Company”), following discussions with its Board of Directors, the CEO, and CFO, determined there were errors in the previously audited financial statements for the year ended March 31, 2023, specifically related to the recording and reporting of Goodwill. Consequently, the Company will be revising its March 31, 2023, Annual Report and intends to submit a FORM 10-K/A by the end of February 2024.
Furthermore, after thorough review, the Company, in consultation with the CEO and CFO, has evaluated the impact of the errors on its quarterly reports on FORM 10-Q for the periods ended June 30, 2023, September 30, 2023, and December 31, 2023. The amount of the errors is less than one (1) percent of the revenue resulting in no material impact on the Company’s unaudited consolidated financial statements as previously reported on FORM 10-Q. Therefore, they do not require restatement.
Item 9.01 Financial Statement and Exhibits.
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EARTH SCIENCE TECH, INC. | ||
| Dated: February 21, 2024 | By: | /s/ Giorgio R. Saumat |
| Giorgio R. Saumat | ||
| Its: | CEO and Chairman of the Board | |