other material
confidence high
sentiment neutral
materiality 0.55
Nexalin dismisses Friedman LLP, engages Marcum LLP after Friedman merger; prior audit had going concern note
Nexalin Technology, Inc.
- Audit committee dismissed Friedman LLP and engaged Marcum LLP effective September 30, 2022.
- Friedman's merger with Marcum was effective September 1, 2022; services now provided by Marcum.
- Friedman's 2021 audit report contained a going concern explanatory paragraph; no adverse opinion or qualification.
- No disagreements or reportable events occurred during the two most recent fiscal years or interim period.
- Company provided Friedman with disclosures; Friedman's letter of agreement is attached as Exhibit 16.1.