ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On June 27, 2021, Cardax, Inc. (the "Company") was notified by KBL, LLP ("KBL")
that it would resign as the Company's independent registered public accounting
firm effective June 30, 2021, for factors unrelated to the Company.
KBL's reports on the Company's consolidated financial statements for the fiscal
years ended December 31, 2020 and 2019, did not contain any adverse opinion or
disclaimer of opinion, and were not qualified or modified as to uncertainty,
audit scope, or accounting principles, except that such audit reports each
contained an explanatory paragraph about the Company's ability to continue as a
going concern.
During the fiscal years ended December 31, 2020 and 2019, and the subsequent
interim period through June 30, 2021, (i) there were no disagreements with KBL
on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which if not resolved to the
satisfaction of KBL would have caused it to make reference to the matter in
connection with its reports on the Company's consolidated financial statements
for such years, and (ii) there were no "reportable events" as defined in Item
304(a)(1)(v) of Regulation S-K.
The Company provided KBL with a copy of the foregoing disclosures prior to the
filing of this Current Report on Form 8-K and requested that KBL furnish a
letter addressed to the Securities and Exchange Commission, as required by Item
304(a)(3) of Regulation S-K, stating whether it agrees with the above
statements. A copy of KBL's letter, dated July 1, 2021, is filed herewith as
Exhibit 16.1 and incorporated herein by reference.
The action by KBL was not subject to recommendation or approval by the Audit
Committee of the Board of Directors of the Company. The Audit Committee is
evaluating the Company's options with respect to engaging a successor
independent registered public accounting firm.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
16.1 Letter from KBL, LLP to the Securities and Exchange Commission
dated July 1, 2021
© Edgar Online, source Glimpses