Thunder Energies dismisses auditor Kreit & Chiu, appoints Olayinka Oyebola; going-concern noted

Thunder Energies Corp

Dismissed Kreit & Chiu CPA LLP as auditor; new auditor Olayinka Oyebola & Co. CA appointed effective May 2, 2024.
Former auditor's reports included going-concern qualification: accumulated deficit $16.7M, net loss $9.3M in 2023.
No disagreements or reportable events with former auditor during fiscal years 2020-2023.
Company has working capital deficit of $9.2M and no revenue since inception, raising substantial doubt about continuity.

item 4.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Thunder Energies Corp dismissed Kreit & Chiu CPA LLP as its auditor.

Action: dismissal
Auditor: Kreit & Chiu CPA LLP

Exact text from the filing

(a) Dismissal of Independent Registered Public Accounting Firm On May 2, 2024 the Board of Directors of Thunder Energies Corp (the “Company”) approved the dismissal of Kreit & Chiu CPA LLP (formerly known as Benjamin & Ko, LLP and Paris, Kreit &

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Source: SEC EDGAR

accession 0001683168-24-003288

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