Nasdaq grants Design Within Reach additional filing extension
28 Nov '06
2 min read
The difference between the general ledger and the sub-ledger arose in connection with the implementation of the Company's IMARC inventory and sales system and inadequate training of finance personnel with respect to changes in procedures necessitated by the change in systems.
Until the Company completes the reconciliation of the imbalance affecting its accrued inventory account, the Company will not be able to file its quarterly reports on Form 10-Q for the quarters ended July 1, 2006 and September 30, 2006. The Company continues to work diligently to complete the reconciliation.
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