other material
confidence high
sentiment negative
materiality 0.50
ADM Tronics dismisses auditor RRBB, engages JVA Accountants; prior report had going concern doubt
ADM TRONICS UNLIMITED, INC.
- Board approved engagement of JVA Accountants and Advisors as independent auditor for FY2025, effective July 25, 2024.
- Dismissed Rosenberg Rich Baker Berman (RRBB), which audited FY2024 and FY2023 financial statements.
- RRBB's FY2024 report included a going concern explanatory paragraph about substantial doubt.
- No disagreements or reportable events occurred with RRBB during the past two fiscal years or subsequent interim period.
- RRBB provided a letter to the SEC confirming agreement with the disclosures, attached as Exhibit 16.1.