World Scan Project, Inc. filed an amendment restating prior quarterly revenue presentation from net to gross after discussions with its current auditor. The filing shows revenues of $6,635,195 for a reported period and references other revenue and revenue-related amounts including $1,261,420 and $7,737,907 in various line items.
The company recorded substantial R&D expenses: $12,889,323 for a data-center cooling system and $5,077,179 for NFT-related technology, contributing to a net loss before tax of $3,416,587 for the year ended October 31, 2023 and an associated tax credit of $2,092,461. During the period ended January 31, 2024 the company capitalized $406,641 of developed external software and reported accrued expenses and other payables of $6,166,607 as of January 31, 2024.