Sustainable Green Team, Ltd. announced restatement of earnings results for the third quarter and nine months ended October 1, 2022. The company has valued its excluded inventory according to the updated procedures, resulting in an adjustment to Inventory and Cost of Revenue of approximately $6 million, increasing the company's total assets from $75,606,058 to $81,666,905. Furthermore, the adjustment increased the company's net income from negative $4,629,242 to net income of $1,229,626 for the three months ended October 1, 2022.

For the nine months ended October 1, 2022, the adjustment increased the company's net income from negative $4,869,563 to net income of $989,305.