Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data.
The financial statements and supplementary data of the Company required by this Item are described in Item 15 of this Annual Report on Form 10-K and are presented beginning on page F-1.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
On June 26, 2025, Stephano Slack LLC ("Stephano Slack") was dismissed as the independent registered public accounting firm of Visium Technologies, Inc. (the "Company").
During the period from May 6, 2025, to June 26, 2025, (i) there were no disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K between the Company and Stephano Slack on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to Stephano Slack’s satisfaction, would have caused Stephano Slack to make reference to the subject matter of any such disagreement in connection with its reports, and (ii) there were no reportable events within the meaning of Item 304(a)(1)(v) of Regulation S-K.
On June 26, 2025, the Company engaged FRUCI & Associates II, PLLC ("FRUCI & Associates II") as the Company’s new independent registered public accounting firm for the fiscal year ending June 30, 2026.
During the Company’s two most recent fiscal years ended June 30, 2024, and June 30, 2023, and the subsequent interim period through June 24, 2025, neither the Company nor anyone on its behalf has consulted with FRUCI & Associates II 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 the Company’s financial statements, and neither a written report nor oral advice was provided to the Company that FRUCI & Associates II concluded was an important factor considered by the Company in reaching a decision as to any 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, or (iii) any reportable event within the meaning of Item 304(a)(1)(v) of Regulation S-K.
The Company provided Stephano Slack with a copy of the above disclosures and requested that Stephano Slack furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made herein. A copy of Stephano Slack’s letter dated June 26, 2025, is filed as Exhibit 16.1 to this Current Report on Form 8-K.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.