Nexalin Technology, Inc. (NXL): auditor change — Nexalin replaces Marcum with CBIZ as auditor; prior reports flagged going concern, material weaknesses

Nexalin Technology, Inc.

Marcum resigned April 16, 2025; company engaged CBIZ CPAs P.C., which acquired Marcum's attest business.
No disagreements with Marcum on accounting principles or audit scope over the past two fiscal years.
Prior audit reports for FY2024 and FY2023 included explanatory paragraph about substantial doubt on going concern.
Material weaknesses persisted: inadequate segregation of duties and IT user/superuser access controls.
Marcum provided a letter concurring with disclosures, attached as Exhibit 16.1.

item 4.01 item 9.01

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

Marcum LLP resigned as auditor of Nexalin Technology, Inc..

Action: resignation
Auditor: Marcum LLP
Successor: CBIZ CPAs P.C.

Exact text from the filing

On April 16, 2025, Marcum informed Nexalin Technology, Inc. (the “Company”) that Marcum resigned as the Company’s independent registered public accounting firm.

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

Nexalin Technology, Inc. engaged CBIZ CPAs P.C. as its auditor.

Action: engagement
Auditor: CBIZ CPAs P.C.

Exact text from the filing

Also on April 16, 2025, the Company, with the approval of the Audit Committee of the Company’s Board of Directors, engaged CBIZ CPAs P.C. as the Company’s independent registered public accounting firm.

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Nexalin Technology, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-25-002760

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