Item 4.01. Changes in Registrant's Certifying Accountant.
(a) Resignation of Independent Registered Public Accounting Firm
On July 27, 2022, SRCO Professional Corporation ("SRCO") resigned as the
Company's independent registered public accounting firm due to the rapid growth
of the Company and SRCO's resource constraints.
SRCO's reports on the Company's financial statements for the fiscal years ended
August 31, 2021 and 2020 did not contain an adverse opinion or a disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope or
accounting principles. Furthermore, during the Company's two most recent fiscal
years and through July 27, 2022, there have been no disagreements with SRCO on
any matter of accounting principles or practices, financial statement disclosure
or auditing scope or procedure, which disagreements, if not resolved to SRCO's
satisfaction, would have caused SRCO to make reference to the subject matter of
the disagreement in connection with its reports on the Company's financial
statements for such periods.
For the fiscal years ended August 31, 2021 and 2020 and through July 27, 2022,
there were no "reportable events" as that term is described in Item 304(a)(1)(v)
of Regulation S-K.
The Company provided SRCO with a copy of the disclosure contained herein, prior
to its filing with the Securities and Exchange Commission (the "Commission"),
and requested that SRCO furnish the Company a letter addressed to the Commission
stating whether or not it agreed with the statements herein and, if not, stating
the respects in which it does not agree. SRCO's letter to the Commission is
attached hereto as Exhibit 16.1.
(b) Engagement of New Independent Registered Public Accounting Firm
On July 27, 2022, the Company's Board of Directors appointed Fruci & Associates
II, PLLC ("Fruci") as the Company's new independent registered public accounting
firm. During the Company's two most recent fiscal years and through July 27,
2022, neither the Company nor anyone acting on the Company's behalf consulted
Fruci with respect to any of the matters or reportable events set forth in Item
304(a)(2)(i) and (ii) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
16.1 Letter, dated July 29, 2022, from SRCO Professional Corporation
addressed to the Commission.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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