Youngevity International, Inc. Provides Financial Reporting and Business Update
We are continuing to work diligently with our accounting team and independent auditors to complete all the filings we need to become current with our financial reporting and SEC filing requirements.
- We are continuing to work diligently with our accounting team and independent auditors to complete all the filings we need to become current with our financial reporting and SEC filing requirements.
- The challenge we faced delivering our financial statements in a timely manner was due to a revenue recognition issue related to our green coffee distribution business with a related party.
- To that end, we intend to ramp up our efforts to strengthen internal controls and financial reporting to expedite the relisting process.
- This impacted the timely financial filings of the of the Company's financial statements.