Ault Disruptive Technologies (ADRT) 8-K Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

Exhibit 99.1

AULT DISRUPTIVE TECHNOLOGIES CORPORATION

RESTATED BALANCE SHEET (unaudited)

	As of December 31, 2022
	As Reported			Adjustment			Restated
Assets
Current asset - cash	$	206,527		$	-		$	206,527
Prepaid expenses		391,443			-			391,443
Cash and securities held in Trust Account		-			118,193,123			118,193,123
Total current assets		597,970			118,193,123			118,791,093
Prepaid expenses, noncurrent		10,873			-			10,873
Deferred tax asset, noncurrent		27,062			-			27,062
Cash and securities held in Trust Account		118,193,123			(118,193,123	)		-
Total Assets	$	118,829,028		$	-		$	118,829,028
Liabilities, Commitments and Stockholders’ Deficit
Current liabilities:
Accounts payable	$	60,952		$	-		$	60,952
Accrued franchise taxes		200,000			-			200,000
Tax payable		285,003			-			285,003
Common stock subject to possible redemption, 11,500,000 shares at redemption value(1)		-			117,800,181			117,800,181
Total current liabilities		545,955			117,800,181			118,346,136
Deferred underwriting commissions		3,450,000			-			3,450,000
Total liabilities		3,995,955			117,800,181			121,796,136
Commitments
Common stock subject to possible redemption, 11,500,000 shares at redemption value(1)		117,800,181			(117,800,181	)		-
Stockholders’ Deficit:
Common stock, $0.001 par value; 100,000,000 shares authorized; 2,875,000 shares issued and outstanding		2,875			-			2,875
Accumulated deficit		(2,969,983	)		-			(2,969,983	)
Total stockholders’ deficit		(2,967,108	)		-			(2,967,108	)
Total Liabilities, Commitments and Stockholders’ Deficit	$	118,829,028		$	-		$	118,829,028