---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-009385"
form_type: "8-K"
ticker: null
cik: "0001295961"
company_name: "QUANTUM ENERGY INC."
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T05:43:30.666493+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quantum Energy changes auditor; says unaudited financials for May-Nov 2022 not reliable

## Summary
- Board voted Oct 20, 2022 to replace auditor BF Borgers with Macias Gini & O'Connell (MGO).
- Prior auditor's reports for FY2022 and FY2021 had no adverse opinion except going concern doubt.
- Audit committee on Mar 1, 2022 determined unaudited financials for May 31, 2022–Nov 30, 2022 should not be relied upon because not reviewed by independent auditor.
- Company will not restate those unaudited financials.

## SEC filing metadata
- accession: 0001437749-23-009385
- form_type: 8-K
- cik: 0001295961
- company_name: QUANTUM ENERGY INC.
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.01, 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295961/000143774923009385/0001437749-23-009385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295961/000143774923009385/qree20230323_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-009385
- JSON: https://secwatch.observer/filing/0001437749-23-009385.json
- Plain text: https://secwatch.observer/filing/0001437749-23-009385.txt

## Key facts
- Auditor Changes
  QUANTUM ENERGY INC. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: The Company also decided to report alternatively through OTC Market during this period and will not restate its unaudited condensed consolidated financial statements for the Non-Reliance Periods.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1295961/000143774923009385/0001437749-23-009385-index.htm

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