Music Licensing Inc (SONG)

[MusicExec]

Just seen this from the OTC 1k filing :

Risk Factor: The Company may not recuperate all the debts that it is owed.

If the company is unable to successfully recover a significant portion of the outstanding amounts owed to it, a revision of the financial statements might be necessary. Such a situation implies that the expected cash flows, previously recognized as receivables, may not materialize, leading to a reassessment of the company’s financial position. The potential inability to collect on these receivables may necessitate writing off these amounts as bad debts, directly affecting the company’s net income and potentially altering stakeholder perceptions of the company’s profitability and financial stability.

Had this been disclosed to the auditor at the time of their audit of the financial statements surely this would have resulted in a going concern qualification on their audit report dated Feb, 22 2024 ?