---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-068665"
form_type: "8-K"
ticker: "ESMC"
cik: "0000862668"
company_name: "ESCALON MEDICAL CORP"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T16:19:43.422166+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Escalon Medical dismisses Friedman LLP, engages Marcum LLP as auditor; going concern noted

## Summary
- Board dismissed Friedman and engaged Marcum effective Oct 28, 2022, following Friedman's combination with Marcum.
- No disagreements or reportable events occurred during the past two fiscal years or interim period through Oct 28, 2022.
- Friedman's FY2021 and FY2022 reports included going concern qualification due to accumulated deficit, recurring losses, negative cash flows.
- Friedman provided a letter concurring with the disclosures, filed as Exhibit 16.1.

## SEC filing metadata
- accession: 0001213900-22-068665
- form_type: 8-K
- ticker: ESMC
- cik: 0000862668
- company_name: ESCALON MEDICAL CORP
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862668/000121390022068665/0001213900-22-068665-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862668/000121390022068665/ea167910-8k_escalon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-068665
- JSON: https://secwatch.observer/filing/0001213900-22-068665.json
- Plain text: https://secwatch.observer/filing/0001213900-22-068665.txt

## Key facts
- Auditor Changes
  ESCALON MEDICAL CORP dismissed Friedman LLP as its auditor.
  - Action: dismissal
  - Auditor: Friedman LLP
  - Successor: Marcum LLP
  source text: On October 28, 2022, the Registrant’s Board of Directors (i) dismissed Friedman and (ii) engaged Marcum to serve as the independent registered public accounting firm of the Registrant and to provide to the Registrant the services previously provided to the Registrant by Friedman.
  evidence_url: https://www.sec.gov/Archives/edgar/data/862668/000121390022068665/0001213900-22-068665-index.htm
- Auditor Changes
  ESCALON MEDICAL CORP engaged Marcum LLP as its auditor.
  - Action: engagement
  - Auditor: Marcum LLP
  source text: On October 28, 2022, the Registrant’s Board of Directors (i) dismissed Friedman and (ii) engaged Marcum to serve as the independent registered public accounting firm of the Registrant and to provide to the Registrant the services previously provided to the Registrant by Friedman.
  evidence_url: https://www.sec.gov/Archives/edgar/data/862668/000121390022068665/0001213900-22-068665-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.