Item 8. Financial Statements and Supplementary Data
Item
8. Financial Statements and Supplementary Data.
The
financial statements required to be filed pursuant to this Item 8 are appended to this Annual Report. An index of those financial statements
is found in Item 15 of Part IV of this Annual Report.
Item
9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
Estrella,
at the direction of the Board, and upon the recommendation of the audit committee of the Board, dismissed its independent registered
public accountant Marcum LLP (“Marcum”), effective as of January 30, 2024. Marcum was initially engaged on November 3, 2022
by Estrella to serve as Estrella’s auditor for its fiscal year ended June 30, 2023.
Marcum’s
report on Estrella’s financial statements for the fiscal year ended June 30, 2023 did not contain an adverse opinion or a disclaimer
of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles, except that Marcum’s report
contained an explanatory paragraph expressing substantial doubt about the ability of Estrella to continue as a going concern.
During
the fiscal year ended June 30, 2023 and subsequent interim periods through the date of Marcum’s dismissal, there were (i) no disagreements
with Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, any
of which, if not resolved to Marcum’s satisfaction, would have caused it to make reference to the subject matter of any such disagreement
in connection with its reports for such years and (ii) no “reportable events” requiring disclosure pursuant to paragraph
(a)(1)(v) of Item 304 of Regulation S-K and the related instructions to Item 304 of Regulation S-K.
At
the direction of the Board, and upon the recommendation of the audit committee, Estrella appointed Macias Gini & O’Connell,
LLP (“MGO”) as Estrella’s new independent registered public accounting firm for the fiscal year ending June 30, 2024,
effective as of January 30, 2024. During the Company’s two most recent fiscal years ended June 30, 2022, and June 30, 2023, and
the subsequent interim period through the date of MGO’s engagement, neither the Company nor anyone on its behalf has consulted
with MGO regarding (i) the application of accounting principles to a specific transaction, either completed or proposed, or the type
of audit opinion that might be rendered on the Company’s financial statements, where either a written report or oral advice was
provided to the Company that MGO concluded was an important factor considered by the Company in reaching a decision as to the accounting,
auditing or financial reporting issue, (ii) any matter that was the subject of a disagreement within the meaning of Item 304(a)(1)(iv)
of Regulation S-K and the related instructions to Item 304 of Regulation S-K or (iii) any reportable event within the meaning of Item
304(a)(1)(v) of Regulation S-K.
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