The company is restating financial statements for the fiscal year ended December 31, 2024, and interim periods in 2024 and 2025. The restatement stems from an accounting error where property management fee revenue was recorded on a gross basis instead of a net basis. Management concluded the company acted as an agent rather than a principal for certain arrangements under FASB ASC 606. Revenue and cost of revenue will be reduced by equivalent amounts, resulting in no impact on gross profit. The company identified material weaknesses in internal controls over financial reporting as of December 31, 2024.