Item 4.02. Non-Reliance on Previously Issued Financial Statements or a Related
Audit Report or Completed Interim Review.
On May 27, 2022, management of U.S. NeuroSurgical Holdings, Inc. (the "Company")
determined that the consolidated financial statements for the year ended
December 31, 2021 included in the Company's Form 10-K should no longer be relied
upon.
In connection with the preparation of the Company's income tax returns for 2021,
the Company determined that as a result of the gain realized on the disposition
of the Company's business at the New York University Medical Center there was an
additional tax liability of approximately $250,000 that should have been
recognized during its fiscal year ended December 31, 2021.
Due to this error, the Company has determined that it will restate its
consolidated financial statements for the year ended December 31, 2021 included
in the Company's Annual Report on Form 10-K for the year ended December 31,
2021, as originally filed on April 15, 2022.
The Company will file an amendment to its Annual Report on Form 10-K for the
year ended December 31, 2021 in which the financial statements for the year
ended December 31, 2021 will be restated.
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