Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary
Data
Item 9. Changes in and Disagreements with Accountants
on Accounting and Financial Disclosure.
On December 17, 2024,
the Company dismissed TPS Thayer, LLC (“TPS”) as its independent registered public accounting firm. The Board of Directors
and Audit Committee participated in and approved the decision to change the Company’s independent registered public accounting firm.
During the Company’s fiscal years ending in December 31, 2023 and December 31, 2022, there were (i) no disagreements with TPS 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 TPS, would have caused TPS to make reference to the subject matter of the disagreements in connection
with its report, and (ii) with the exception of material weaknesses related to reconciliation of various accounts, lack of precision and
accuracy to properly reflect in the financial statements, no “reportable events,” as such term is defined in Item 304(a)(1)(v)
of Regulation S-K.
Effective December 20,
2024, the Company engaged HTL International, LLC (“HTL”) as its new independent registered public accounting firm. During
the two fiscal years ended December 31, 2023 and December 31, 2022 and through December 20, 2024, the Company did not consult with HTL
regarding any of the following: the application of accounting principles to a specific transaction, either completed or proposed; the
type of audit opinion that might be rendered on the Company’s financial statements, and none of the following was provided to the
Company: (a) a written report, or (b) oral advice that HTL concluded was an important factor considered by the Company in reaching a decision
as to accounting, auditing or financial reporting issue; or any matter that was subject of a disagreement, as that term is defined in
Item 304(a)(1)(iv) of Regulation S-K.
The Company has not had any disagreements with our accountants or auditors
that would need to be disclosed pursuant to Item 304 of Regulation S-K promulgated under the Securities Act.
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