Seattle-based Dijji, formerly called Dwango Wireless, said today that expenses were understated by a total of $5.5 million in 2003 and 2004.

The company, which helps Rolling Stone and Playboy sell mobile content, said financial statements from those years should no longer be relied upon.

In March, Dijji said it was unable to file its annual report on time because it was considering strategic alternatives, inccluding a sale or liquidation..

The company expects to file new financial statements in a Form 10-KSB with the Securities & Exchange Commission within the next two to three business days.