home · filing · 0001104659-25-036830
8-K filed April 21, 2025, 7:59 PM ET
ticker XWEL
CIK 0001410428
regulatory
confidence high
sentiment negative
materiality 0.60
XWELL, Inc. (XWEL): auditor change — XWELL dismisses Marcum, engages CBIZ CPAs; cites material weaknesses
XWELL, Inc.
Dismissed Marcum LLP and engaged CBIZ CPAs as auditor for FY2025, effective April 21, 2025.
Marcum's reports for FY2024 and FY2023 were unqualified except for going-concern qualification in FY2024.
Disclosed material weaknesses in internal controls: lease accounting, entity-level monitoring, IT vendor controls, revenue process, foreign subsidiaries.
No disagreements or reportable events (other than material weaknesses) between Company and Marcum.
Key facts
Extracted from this filing and checked against the source text.
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
XWELL, Inc. dismissed Marcum LLP as its auditor.
Action dismissal
Auditor Marcum LLP
Exact text from the filing
On April 21, 2025, the Company dismissed Marcum as the Company’s independent registered accounting firm
View on SEC.gov
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
XWELL, Inc. engaged CBIZ CPAs P.C. as its auditor.
Action engagement
Auditor CBIZ CPAs P.C.
Exact text from the filing
engaged CBIZ CPAs as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025
View on SEC.gov
Source: SEC EDGAR
accession 0001104659-25-036830
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