Glory Star New Media Group Holdings Ltd (GSMG)

[BlazingStocks]

Not really much of a change but at least the $GSMG Financials are SEC compliant.

The impact of the Restatement was an increase in net income of $19.7 million for the year ended December 31, 2020, an increase in total liabilities of $833,000 and a corresponding decrease in total equity of $833,000 as of December 31, 2020. As a result, the Company's net income increased to $49.0 million from $26.4 million in 2019, representing an increase of 85.4% year over year. The Company's basic earnings per share increased to $0.91 from $0.64 in 2019, representing an increase of 42.2% year over year. The Restatement had no impact on the Company's cash and cash equivalents, or cash flows from operating, investing and financing activities. Please refer to the Form 20-F/A (Amendment No.1) at https://www.sec.gov/Archives/edgar/data/1738758/000121390021030062/f20f2020a1_glorystarnewmedia.htm for more detailed information.