Item 8. Financial Statements and Supplementary Data
ITEM 8.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
The financial statements required by this item begin
on page F-1 of this Annual Report on Form 10-K.
ITEM 9.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
On January 6, 2026, the Company dismissed Malone
Bailey, LLP (“Malone Bailey”) as its independent registered accounting firm. On January 6, 2026, the Company engaged M&K
CPAs, PLLC (“M&K”) as its new independent registered accounting firm.
The decision to dismiss Malone Bailey was approved
by the Company’s Board of Directors.
Since Malone Bailey’s appointment as the
Company’s independent registered accounting firm in 2011 and through January 6, 2026, there were (i) no disagreements between the
Company and Malone Bailey on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures,
which disagreements, if not resolved to the satisfaction of Malone Bailey, would have caused Malone Bailey to make reference thereto in
their 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.
Malone Bailey issued audit reports on the Company’s
financial statements as of and for the years ended December 31, 2010 through December 31, 2024. The financial statements as of and for
the years ending December 31, 2010 through 2024 included an explanatory paragraph concerning the Company’s ability to continue as
a going concern.
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