other material
confidence high
sentiment negative
materiality 0.70
Hour Loop dismisses auditor TPS Thayer, appoints HTL International; TPS had expressed going concern doubt
Hour Loop, Inc
- Audit committee dismissed TPS Thayer, LLC on Sept 13, 2023; no disagreements or reportable events.
- TPS reports for FY2022 and FY2021 included a going concern qualification but were otherwise unqualified.
- New auditor HTL International, LLC appointed same day; no prior consultations with HTL.
- Company requested TPS letter to SEC; not yet received as of Sept 19.