other material
confidence high
sentiment negative
materiality 0.75
Kisses from Italy dismisses BF Borgers as auditor; OTCQB compliance deadline extended to July 12
Kisses From Italy Inc.
- Dismissed BF Borgers CPA P.C. as independent auditor effective May 3, 2024, due to SEC barring BF Borgers from appearing before it.
- Auditor's reports for 2022 and 2021 included going concern explanatory paragraphs; no disagreements or reportable events.
- Company is searching for a new independent registered public accounting firm; will file 8-K upon engagement.
- OTC Markets granted additional cure period until July 12, 2024 to regain OTCQB bid price compliance (minimum $0.01).
- Cure period also extended for filing delinquent 2023 10-K and Q1 2024 10-Q by July 12, 2024; company intends to comply.