As a reminder from the NT 10-K
As previously reported, on September 5, 2018, a wholly owned subsidiary of Iota Communications, Inc. (formerly Solbright Group, Inc.), a Delaware corporation (the “Company”), merged (the “Merger”) with and into Iota Networks, LLC (formerly M2M Spectrum Networks, LLC), a dedicated Internet of Things (IoT) network access and IoT solutions company (“Iota Networks”). Iota Networks was the surviving company and, as a result of the Merger, became a wholly owned subsidiary of the Company.
Following the Merger, the financial statements of Iota Networks will be reported on a consolidated basis with the Company’s financial statements. As a result, the Company expects that a significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in its Quarterly Report on Form 10-Q for the fiscal quarter ended November 30, 2018.
The Company has not yet finalized its financial statements for the fiscal quarter ended November 30, 2018. Therefore, the Company is not able to quantify the anticipated changes in its results of operations at this time.
The NT 10-K allows a 5-day extension, so we should see this posted no later than Monday, January 21, after hours.
