UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 19, 2021
LONG MALL INTERNET TECHNOLOGY COMPANY LIMITED
(Exact name of registrant as specified in its charter)
| Nevada |
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333-250105 |
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84-5030648 |
| (State or Other Jurisdiction |
|
(Commission |
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(I.R.S. Employer |
| of Incorporation) |
|
File Number) |
|
Identification No.) |
No. 7-11, 5th Floor, Building A1, Gongbin Xiaoqu
No. 1 Nanzhi Road, Xiangfang District
Harbin City, Heilongjiang Province, China
(Address of Principal Executive Office) (Zip Code)
451-86638899
(Registrant’s telephone number, including
area code)
Securities registered pursuant to Section 12(b)
of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
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Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM
4.02 NON-RELIANCE ON PREVOUSLY ISSUED FINANCIAL STATEMENTS
On November 19, 2021, Wei, Wei & Co., LLP,
the Registrant’s independent accountant (the “Accountant”), notified the Registrant that disclosure should be made to prevent
future reliance on financial statements for the nine months ended March 31, 2021 included in the Registrant’s Quarterly Report on Form
10-Q for the period ended March 31, 2021. The Accountant specifically noted that revenue was improperly recognized for the nine month
period under generally accepted accounting principles. The Registrant’s Chief Financial Officer, Lyu Jie, as authorized by the Registrant’s
Board of Directors, discussed the error with the Accountant.
The Registrant will file an amendment to its Quarterly
Report on Form 10-Q for the period ended March 31, 2021, in which the financial statements for the nine months ended March 31, 2021 will
be restated. The following table summarizes the effects of the restatement.
| | |
For the Nine Months Ended
March 31, 2021 | |
| | |
As Reported | | |
As Restated | |
| Revenue | |
$ | 140,914 | | |
$ | 41,939 | |
| Cost of sales | |
| 129,033 | | |
| 33,625 | |
| Gross profit | |
| 11,881 | | |
| 8,314 | |
| Selling, general and administrative expenses | |
| 157,053 | | |
| 157,460 | |
| Net (loss) | |
| (151,923 | ) | |
| (155,897 | ) |
| Basic and diluted (loss) per share | |
$ | (0.02 | ) | |
$ | (0.02 | ) |
The Registrant has requested the Accountant to
furnish a letter addressed to the Commission stating whether the Accountant agrees with the statements made by the Registrant in this
8-K. A copy of the letter is filed as an exhibit to this Report.
Item
9.01 Financial Statements and Exhibits
Exhibits
SIGNATURES
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.
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Long Mall Internet Technology Company Limited |
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| Date: November 24, 2021 |
By: |
/s/ Zhao Wenjing |
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Zhao Wenjing, CEO |
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