Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary
Data.
All information required by
this item is included in Item 15 of Part IV of this Annual Report and is incorporated into this item by reference.
Item 9. Changes in and Disagreements with Accountants
on Accounting and Financial Disclosure
On January 6, 2023, our board
of directors dismissed Halperin Ilanit CPA (the “Former Auditor”) as our independent registered public accounting firm.
The audit reports of the Former
Auditor on our financial statements for the fiscal years ended December 31, 2021 and 2020 contained no adverse opinion or disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except that the report for the fiscal
year ended December 31, 2020 contained an explanatory paragraph stating that there was substantial doubt about our ability to continue
as a going concern.
During the fiscal years ended
December 31, 2021 and 2020, there were (i) no “disagreements” (as that term is defined in Item 304(a)(1)(iv) of Regulation
S-K and the related instructions) between us and the Former Auditor on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of the Former Auditor, would have
caused the Former Auditor to make reference to the subject matter of the disagreement in its reports on the Company’s financial
statements and (ii) no “reportable events” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K and the related
instructions).
25
On January 6, 2023, our Board
of Directors approved the engagement of Somekh Chaikin, a member firm of KPMG International (the “New Auditor”) as our independent
registered public accounting firm, effective upon the effectiveness of the dismissal of the Former Auditor. During the fiscal years ended
December 31, 2024 and 2023, neither we, nor anyone on its behalf, consulted the New Auditor regarding (i) the application of accounting
principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our financial
statements, and no written report or oral advice was provided to us by the New Auditor that the New Auditor concluded was an important
factor considered by us in reaching a decision as to any accounting, auditing or financial reporting issue or (ii) any matter that was
the subject of a “disagreement” (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions)
or a “reportable event” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
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