---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-031545"
form_type: "8-K"
ticker: "YHGJ"
cik: "0001042187"
company_name: "YUNHONG GREEN CTI LTD."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T19:16:12.230416+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Yunhong CTI dismisses auditor LJSA over ERTC income recognition disagreement

## Summary
- Audit Committee terminated LJSA on Nov 8, 2022; disagreement over recognition of Employee Retention Tax Credit (ERTC) income.
- LJSA asserted ERTC should have been income in 2021; company believed uncertainty unresolved until returns processed.
- Prior auditor's reports for FY2020 and FY2021 contained going-concern qualification but no adverse opinion.
- Material weakness in internal control over financial reporting due to limited staffing and over-reliance on personnel continues.
- Company intends to engage a new independent accounting firm; LJSA letter provided as Exhibit 16.1.

## SEC filing metadata
- accession: 0001493152-22-031545
- form_type: 8-K
- ticker: YHGJ
- cik: 0001042187
- company_name: YUNHONG GREEN CTI LTD.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042187/000149315222031545/0001493152-22-031545-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042187/000149315222031545/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-031545
- JSON: https://secwatch.observer/filing/0001493152-22-031545.json
- Plain text: https://secwatch.observer/filing/0001493152-22-031545.txt

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