What changed in this filing

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Item 8. Financial Statements and Supplementary Data

2025-11-24 compared with 2024-11-21 · 91 added, 80 removed, 423 unchanged (29% of the section changed)

4 unchanged sentences

Consolidated Balance Sheets as of August 31, 2025 and 2024

Consolidated Statements of Comprehensive Income for the years ended August 31, 2024 and 2023

Consolidated Statements of Comprehensive Income (Loss) for the years ended August 31, 2025 and 2024

Consolidated Statements of Stockholders' Equity for the years ended August 31, 2025 and 2024

2 unchanged sentences

Report of Independent Registered Public Accounting Firm

To the Shareholders and Directors of Destiny Media Technologies Inc.

To the Shareholders and Directors of

Destiny Media Technologies Inc.

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheets of Destiny Media Technologies Inc.

and its subsidiaries (the "Company") as of August 31, 2024 and 2023, and the related consolidated statements of comprehensive income, cash flows, and stockholders' equity for each of the years in the two year period ended August 31, 2024, and the related notes (collectively referred to as the "consolidated financial statements").

In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as at August 31, 2024 and 2023, and the results of its operations and its cash flows for each of years in the two year period ended August 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

We have audited the accompanying consolidated balance sheet of Destiny Media Technologies Inc.

(the "Company"), as of August 31, 2025, and the related consolidated statements of comprehensive income (loss), stockholders' equity, and cash flows for the year ended August 31, 2025, and the related notes (collectively referred to as the "consolidated financial statements").

In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of August 31, 2025, and the results of its operations and its cash flows for the year ended August 31, 2025 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company's management.

Our responsibility is to express an opinion on the Company's consolidated financial statements based on our audits.

Our responsibility is to express an opinion on the Company's consolidated financial statements based on our audit.

We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S.

federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB.

Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.

We conducted our audit in accordance with the standards of the PCAOB.

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.

The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.

As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting.

As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting.

Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks.

Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements.

Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.

We believe that our audits provide a reasonable basis for our opinion.

Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.

We believe that our audit provides a reasonable basis for our opinion.

Critical Audit Matters

The critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements that was communicated or required to be communicated to the audit committee and that:

(1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments.

The communication of this critical audit matter does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.

Evaluation of labor costs capitalized to computer software and software under development

As discussed in note 2 of the consolidated financial statements, the Company capitalizes costs related to application development activities that results in additional functionality.

As discussed in note 3 and 4 of the consolidated financial statements, labor costs of $476,258 were capitalized to software under development in intangible assets.

We identified the evaluation of labor costs capitalized to computer software and software under development as a critical audit matter.

The complexity in determining whether the costs were incurred for software enhancement activities resulting in additional functionality required significant audit effort.

Our audit procedures related to the evaluation of labor costs capitalized to computer software and software under development included the following, among others:

We reviewed the underlying software enhancement project plans and assessed the nature of the activities performed for each project to determine whether the assessment of whether costs associated with these projects meet the relevant criteria in order to be capitalized.

We evaluated management's calculation of the labor costs to be capitalized by performing the following:

We tested the completeness of the data used in management's calculation by agreeing the total time shown in the data set used by management to the task tracking software report for the entire fiscal year, which included non-capitalizable and capitalizable tasks.

We tested the accuracy of the data used in management's calculation by agreeing the entry details to the details exported from the task tracking software.

We recalculated the labor costs capitalized to computer software and software under development using the hours noted in the task tracking software, the engagement teams judgement in relation to the tasks that are capitalizable as well as employee contacts.

We compared the completion date of the software enhancement projects to the projects completion report to verify the appropriateness of transferring certain assets from intangible assets to property and equipment during the fiscal year.

/s/ Smythe LLP

Chartered Professional Accountants

Capitalization of Payroll Expenses to Intangible Assets

As described in Note 2 to the consolidated financial statements, the Company capitalizes direct costs related to application development activities that are probable to result in additional functionality.

Capitalization is limited to costs that are directly attributable to the specific software application development stage.

As more fully described in Note 4 to the consolidated financial statements, payroll expenses of $306,052 were capitalized to software under development in intangible assets.

The principal considerations for our determination that capitalization of payroll expenses to intangible assets is a critical audit matter are that there were judgments made by management when assessing whether the payroll expenses incurred for software application activities were eligible for capitalization.

This in turn led to a high degree of auditor judgement, subjectivity, and effort in performing procedures to evaluate management's judgements in assessing the accounting for the capitalization of payroll expenses to intangible assets.

Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statement.

Our audit procedures included, among others:

Discussed, reviewed and obtained support on how management allocates payroll expenses to software under development.

Discussed with management regarding the plans and intent for the software under development and computer software.

Reviewed, discussed and obtained support for the reallocation of software under development to computer software.

Recalculated amortization of the computer software to ensure amounts recorded were appropriate and in line with the accounting policy.

Assessed impairment indicators of intangible assets and computer software.

We have served as the Company's auditor since 2025.

/s/ DAVIDSON & COMPANY LLP

Chartered Professional Accountants

Vancouver, Canada

24 unchanged sentences

Total liabilities and stockholders' equity

Note 9 - Subsequent Events

The accompanying notes are an integral part of these consolidated financial statements .

DESTINY MEDIA TECHNOLOGIES, INC.

Consolidated Statements of Comprehensive Income

Consolidated Statements of Comprehensive Income (Loss)

For the years ended August 31,

10 unchanged sentences

Depreciation and amortization

Income from operations

Income (loss) from operations

Interest and other income

Net income before income tax

Net income (loss) before income tax

Current income tax expense

Net income (loss)

Foreign currency translation adjustments

Total comprehensive income

Net income per common share

Total comprehensive income (loss)

Net income (loss) per common share

Basic and diluted

13 unchanged sentences

Balance, August 31, 2024

Total comprehensive income

Total comprehensive loss

Stock-based compensation

Common shares retired

Balance, August 31, 2025

4 unchanged sentences

Operating Activities

Net income (loss)

Adjustments to reconcile net income to net cash provided (used) in operations:

2 unchanged sentences

Allowance for doubtful accounts

Unrealized foreign exchange loss

Unrealized foreign exchange gain (loss)

Changes in non-cash working capital:

37 unchanged sentences

Destiny Software Productions, Inc.

("DSNY"), MPE Distributions, Inc.

("DSNY"), MPE Distribution, Inc.

("MPE"), Tonality, Inc.

9 unchanged sentences

Cash and cash equivalents

The Company's cash include cash in readily available checking accounts.

The Company's cash includes cash in readily available checking accounts.

The Company's cash equivalents consist of investments in mutual funds with a major Canadian financial institution that earn interest at variable interest rates ranging from 2.3 % - 2.9 %.

13 unchanged sentences

The Company had $ 82,184 and $ 30,624 in allowance at August 31, 2025 and 2024, respectively.

The Company recorded a recovery of $ 2,700 and bad debt of $ 3,129 for the years ended August 31, 2024 and 2023, respectively.

The Company recorded a bad debt of $ 51,055 and recovery of $ 2,700 for the years ended August 31, 2025 and 2024, respectively.

Property and equipment, net

14 unchanged sentences

These costs may include but are not limited to:

Direct costs of materials and services consumed in developing or obtaining internal-use software.

D irect costs of materials and services consumed in developing or obtaining internal-use software.

Costs of employees directly associated with the development project, including employee compensation and benefits.

6 unchanged sentences

Depreciation and amortization of patents, trademarks and lists are taken over the estimated useful lives of the assets and is calculated using the straight-line method over 3 years, commencing upon utilization of the assets.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CONT'D

Impairment of long-lived assets

4 unchanged sentences

No impairment losses have been recorded for the years ended August 31, 202 5 and 2024.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CONT'D

At the inception of a contractual arrangement, the Company determines whether the contract contains a lease by assessing whether there is an identified asset and whether the contract conveys the right to control the use of the identified asset in exchange for consideration over a period of time.

If both criteria are met, the Company records the associated lease liability and corresponding right-of-use asset upon commencement of the lease using the implicit rate or a discount rate based on a credit-adjusted secured borrowing rate commensurate with the term of the lease.

The Company additionally evaluates leases at their inception to determine if they are to be accounted for as an operating lease or a finance lease.

A lease is accounted for as a finance lease if it meets one of the following five criteria:

the lease has a purchase option that is reasonably certain of being exercised, the present value of the future cash flows is substantially all of the fair market value of the underlying asset, the lease term is for a significant portion of the remaining economic life of the underlying asset, the title to the underlying asset transfers at the end of the lease term, or if the underlying asset is of such a specialized nature that it is expected to have no alternative uses to the lessor at the end of the term.

Leases that do not meet the finance lease criteria are accounted for as an operating lease.

Operating lease assets represent a right to use an underlying asset for the lease term and operating lease liabilities represent an obligation to make lease payments arising from the lease.

Operating lease liabilities with a term greater than one year and their corresponding right-of-use assets are recognized on the balance sheet at the commencement date of the lease based on the present value of lease payments over the expected lease term.

Certain adjustments to the right-of-use asset may be required for items such as initial direct costs paid or incentives received.

As the Company's leases do not typically provide an implicit rate, the Company utilizes the appropriate incremental borrowing rate, determined as the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term and in a similar economic environment.

Lease cost is recognized on a straight-line basis over the lease term and variable lease payments are recognized as operating expenses in the period in which the obligation for those payments is incurred.

Variable lease payments primarily include common area maintenance, utilities, real estate taxes, insurance, and other operating costs that are passed on from the lessor in proportion to the space leased by the Company.

The Company has elected the practical expedient to not separate between lease and non-lease components.

Revenue recognition

19 unchanged sentences

Control of the product or service is transferred either at a point in time or over time depending on the performance obligation.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CONT'D

To the extent a contract includes multiple promised services or products, the Company applies judgment to determine whether promised services or products are capable of being distinct and distinct in the context of the contract.

4 unchanged sentences

Under the guidance of ASC 606, the Company has concluded that maintenance services and unspecified software upgrades are not distinct in the context of the Company's contracts because the Company's service is considered a multi-tenant software environment, and these activities represent a single combined performance obligation in connection with the Company's digital media distribution service, recognized at a point in time when the service is delivered to the customer.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CONT'D

Support activities are considered a separate performance obligation which is satisfied over time;

18 unchanged sentences

The Company is principally responsible for the satisfaction of its distinct performance obligations, which are satisfied either at a point in time or over a period of time.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CONT'D

Performance obligations satisfied at a point in time

7 unchanged sentences

Revenue from specified enhancements and upgrades is recognized over an estimated performance period.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CONT'D

Contract Costs

Contract costs consists of two components, customer acquisition costs and costs to fulfill a contract.

Contract costs consist of two components, customer acquisition costs and costs to fulfill a contract.

Customer acquisition costs are capitalized only if the costs are incrementally incurred to obtain a customer contract and may consist of sales commissions paid to sales personnel or third-party resellers.

11 unchanged sentences

Translation of foreign currencies

The Company's functional currency is the U.S.

The Company's reporting and functional currency is the U.S.

dollar, except for its subsidiary, Destiny Software Productions, Inc., whose functional currency is the Canadian dollar.

Financial statements of foreign operations for which the functional currency is the local currency are translated into U.S.

2 unchanged sentences

Transactions denominated in foreign currencies are translated into the reporting currency at the exchange rate in effect on the transaction date.

These foreign currency gains and losses are included as a component of general and administrative expenses in the consolidated statements of comprehensive income.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CONT'D

These foreign currency gains and losses are included as a component of general and administrative expenses in the consolidated statements of comprehensive income (loss).

The Company operates internationally, which gives rise to the risk that cash flows may be adversely impacted by exchange rate fluctuations.

5 unchanged sentences

If in the future we determine that we would not be able to realize our recorded deferred tax assets, an increase in the valuation allowance would be recorded, decreasing earnings in the period in which such determination is made.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CONT'D

We assess our income tax positions and record tax benefits for all years subject to examination based upon our evaluation of the facts, circumstances, and information available at the reporting date.

6 unchanged sentences

Stock-based compensation

Stock-based compensation expense for employees and directors is recognized in the consolidated statements of comprehensive income based on estimated amounts, including the grant date fair value and the expected service period.

Stock-based compensation expense for employees and directors is recognized in the consolidated statements of comprehensive income (loss) based on estimated amounts, including the grant date fair value and the expected service period.

For stock options, we estimate the grant date fair value using a Black-Scholes valuation model, which requires the use of multiple subjective inputs including estimated future volatility, expected forfeitures and the expected term of the awards.

12 unchanged sentences

Accumulated other comprehensive income (deficit) consists only of accumulated foreign currency translation adjustments for all years presented.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CONT'D

Earnings per share

Net income per common share (basic) is calculated by dividing net income by the weighted average number of common shares outstanding during the period.

Net income per common share (diluted) is calculated by dividing net income for the period by the weighted average number of common shares outstanding during the period, plus the dilutive effect of outstanding common share equivalents.

Net income (loss) per common share (basic) is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period.

Net income (loss) per common share (diluted) is calculated by dividing net income (loss) for the period by the weighted average number of common shares outstanding during the period, plus the dilutive effect of outstanding common share equivalents.

This method requires that the dilutive effect of outstanding options and warrants issued be calculated using the treasury stock method.

Under the treasury stock method, all common share equivalents have been exercised at the beginning of the period (or at the time of issuance, if later), and that the funds obtained thereby were used to purchase common shares of the Company at the average trading price of common shares during the period, but only if dilutive.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CONT'D

Fair value measurements

8 unchanged sentences

The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as considers counterparty credit risk in its assessment of fair value.

Trade receivables are presented net of an allowance for expected credit losses, which management believes represents the best estimate of the lifetime expected losses on these assets.

Accordingly, the net carrying amount of trade receivables approximates their fair value.

The book value of cash and cash equivalents, accounts receivable, other receivables, deposits, accounts payable and accrued liabilities, and deferred revenue liabilities approximate their fair values due to the short-term maturity of those instruments.

Recently Issued Accounting Pronouncements

The Company assesses the adoption impacts of recently issued accounting standards by FASB or other standard setting bodies on the Company's consolidated financial statements as well as material updates to previous assessments.

The Company assesses the adoption impacts of recently issued accounting standards by the FASB or other standard setting bodies on the Company's consolidated financial statements as well as material updates to previous assessments.

There were no new material accounting standards issued in years of 2024 and 2025 that impacted the Company.

Management has also evaluated accounting standards issued but not yet effective and does not expect their adoption to have a material effect.

PROPERTY AND EQUIPMENT, NET

13 unchanged sentences

Total property and equipment

During the year ended August 31, 2024, the Company capitalized a total of $ 982,602 in salaries and wages related to computer software development (2023 - $ 559,044 ).

During the year ended August 31, 2025, the Company capitalized a total of $ 410,268 in salaries and wages related to computer software development (2024 - $ 982,602 ) upon completion of the development work.

Depreciation on property and equipment for the year ended August 31, 2025 was $ 819,647 (2024 - $ 456,471 ).

12 unchanged sentences

Total intangible assets

During the year ended August 31, 2024, the Company capitalized a total of $ 476,258 in salaries and wages related to software under development (2023 - $ 682,617 ), $ 982,602 (2023 - $ 559,044 ) was subsequently reclassified to computer software assets as the projects were completed (Note 3).

During the year ended August 31, 2025, the Company capitalized a total of $ 306,052 in salaries and wages related to software under development (2024 - $ 476,258 ).

$ 410,268 (2024 - $ 982,602 ) of the software under development was reclassified to computer software assets as the projects were completed (Note 3).

Amortization on intangible assets for the year ended August 31, 2025 was $ 13,967 (2024 - $ 13,330 ).

3 unchanged sentences

During the year ended August 31, 2025, the Company did not issue any common stock (2024 - nil).

During the year ended August 31, 2024, the Company repurchased and cancelled 459,200 common shares for $ 470,271 (2023 - 25,651 common shares for $ 21,135 ).

During the year ended August 31, 2025, the Company did not repurchase or cancel any common shares (2024 - 459,200 common shares for $ 470,271 ).

[b] Stock option plans

7 unchanged sentences

Stock-Based Payment Award Activity

During the year ended August 31, 2024, the Company granted 20,000 (2023 - 228,000 ) share purchase options to directors, officers, employees, and consultants of the Company.

The weighted-average assumptions used to estimate the fair value of stock options using the Black-Scholes option valuation model were as follows:

During the year ended August 31, 2025, the Company did not grant any share purchase options to directors, officers, employees, and consultants of the Company (2024 - 20,000 share purchase options ) .

The weighted-average assumptions used to estimate the fair value of stock options granted in 2024 using the Black-Scholes option valuation model were as follows:

Risk-free interest rate

13 unchanged sentences

Exercisable at August 31, 2025

The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company's common stock for the options that were in-the-money as of August 31, 2024.

In all cases, the aggregate intrinsic value was $nil.

As of August 31, 2025, no options were in-the-money and the aggregate intrinsic value was $nil (2024 - $nil).

There were no stock options repurchased during the years ended August 31, 2025 and 2024.

9 unchanged sentences

The unrecognized compensation cost is expected to be recognized over a weighted average period of 0.6 years (2024 - 0.8 years).

During the years ended August 31, 2024 and 2023, the total stock-based compensation expense was reported in the consolidated statement of comprehensive income as follows:

During the years ended August 31, 2025 and 2024, the total stock-based compensation expense was reported in the consolidated statement of comprehensive income (loss) as follows:

Stock-based compensation

10 unchanged sentences

The third-party plan agent is also responsible for the administration of the ESPP on behalf of the Company and the participants.

During the year ended August 31, 2024, the Company recognized compensation expense of $ 67,989 (2023 - $ 111,800 ) in salaries and wages on the consolidated statement of comprehensive income in respect of the ESPP, representing the Company's employee matching of cash contributions to the ESPP.

During the year ended August 31, 2025, the Company recognized compensation expense of $ 68,203 (2024 - $ 67,989 ) in salaries and wages on the consolidated statement of comprehensive income (loss) in respect of the ESPP, representing the Company's employee matching of cash contributions to the ESPP.

The shares were purchased on the open market at an average price of $ 0.63 (2024 - $ 1.00 ).

1 unchanged sentence

As of August 31, 2025, 108,964 (2024 - 79,963 ) shares were held in trust by the Company.

[d] Earnings Per Share

The following table shows the computation of basic and diluted earnings per share for the years ended August 31, 2025, and 2024:

Net income (loss)

Weighted-average basic shares outstanding

Effect of dilutive stock-based awards

Weighted-average diluted shares

Basic and diluted earnings (loss) per share

STOCKHOLDERS' EQUITY CONT'D

539,750 stock options were excluded from the computation of diluted earnings per share for 2025, because their effect would have been antidilutive.

The Company is subject to United States federal and state income taxes at an approximate rate of 21 .0% and to Canadian federal and British Columbia provincial taxes in Canada at an approximate rate of 27 .0%.

The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company's income tax expense is as follows:

Tax (recovery) at U.S.

statutory rates

6 unchanged sentences

The Company has recognized a valuation allowance for those deferred tax assets for which realization is not likely to occur.

Significant components of the Company's deferred tax assets as of August 31 are as follows:

Significant components of the Company's deferred tax assets as of August 31, 2025 and 2024 are as follows:

Deferred tax assets

9 unchanged sentences

United States

If not utilized to reduce future taxes payable, the Company's investment tax credit carry forwards will expire as follows:

If not utilized to reduce future taxes payable, the Company's investment and other tax credit carry forwards will expire as follows:

United States

4 unchanged sentences

On September 5, 2017, the Company's former President and Chief Executive Officer filed a Notice of Civil Claim in the Supreme Court of British Columbia against the Company, its subsidiaries, independent directors, and current Chief Executive Officer, claiming damages for conspiracy, breach of contract, wrongful dismissal, defamation and aggravated and punitive damages.

The Company believes the claims are without merit and is defending itself against the claims.

The quantum of loss, if any, is not determinable at this time and management believes it is unlikely that the outcome of this matter will have an adverse impact on its results of operations, cash flows and financial condition.

The claims were heard in B.C.

Supreme Court in December 2024.

On October 24, 2025, the Supreme Court of British Columbia issued judgment dismissing all claims against the Company, its directors, and officers, and awarding the Company its costs.

Refer to note 9 "Subsequent events".

CONCENTRATIONS, ECONOMIC DEPENDENCE AND SEGMENTS

The Company operates solely in the digital media software segment and all revenue from its products and services are made in this segment.

Management evaluates the Company's operations and allocates resources on a consolidated basis.

Accordingly, the Company operates as one operating and reportable segment.

Revenue from external customers earned during the years ended August 31, 2025 and 2024, by product and location of customer, was as follows:

5 unchanged sentences

The Company has substantially all its assets in Canada and its current and planned future operations are, and will be, located in Canada.

SUBSEQUENT EVENTS

Legal proceedings

On October 24, 2025, the Supreme Court of British Columbia issued judgment dismissing all claims brought by the Company's former President and Chief Executive Officer against the Company, its subsidiaries, directors, and officers, and awarded costs to the Company.

The judgment was in the Company's favor.

The Company has not yet recognized any gains related to this outcome.

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 8. Financial Statements and Supplementary Data