Edgemode, Inc. has reported that it needs to adjust its previously issued financial statements. They identified errors relating to stock options issued to a consultant in early 2023 that were not properly accounted for. This oversight caused an understatement of operating expenses by approximately $230,000. The company plans to amend its financial reports for the fiscal year 2023 and the first two quarters of 2024. Investors are advised not to rely on the previously issued financial statements for these periods. The issue has been discussed with their independent accountant, M&K CPAS, PLLC, and Edgemode, Inc. is assessing its internal controls over financial reporting, noting that a lack of skilled personnel and insufficient analysis of accounting practices were contributing factors.