Alset Inc. (formerly Alset EHome International Inc.) — Form 8-K Summary
Business context and reporting period
The company filed a Form 8-K dated December 21, 2021, reporting a change in its independent registered public accounting firm. The filing was signed and dated December 23, 2021. It identifies the registrant as Alset EHome International Inc., a Delaware corporation listed on Nasdaq under the symbol AEI.
Financial metrics and liquidity
This filing does not provide current or comparative financial statements, revenue, profit, cash flow, margins, debt, liquidity, or other operating metrics. It states that Briggs & Veselka Co. (B&V) audited the company’s financial statements for the year ended December 31, 2020.
Material changes versus the prior comparable period
- On December 21, 2021, the Board dismissed B&V as the company’s independent registered public accounting firm, following the Audit Committee’s recommendation.
- On December 22, 2021, the company engaged Grassi & Co., CPAs, P.C. as its independent registered public accounting firm for the fiscal year ending December 31, 2021.
- B&V’s audit report for 2020 contained no adverse opinion or disclaimer and was not qualified or modified regarding uncertainty, audit scope, or accounting principles.
- The company reported no disagreements with B&V concerning accounting principles or practices, financial statement disclosure, or audit scope and procedures during 2020 or the subsequent interim period.
- The company also reported no reportable events involving B&V during those periods.
Guidance, outlook, risks, contingencies, and unusual items
No financial guidance or operating outlook was provided. The filing concerns only the auditor transition. The company stated that, before its engagement, it had not consulted Grassi during the two most recent fiscal years or through the engagement date regarding accounting principles, audit opinions, disagreements, or reportable events.
The company requested that B&V provide the SEC with a letter stating whether it agreed with the company’s disclosures. The filing includes B&V’s letter as Exhibit 16.1. No audit qualification, disagreement, or reportable event was disclosed.
Key facts for investors to verify
- Confirm the effective dates of B&V’s dismissal and Grassi’s engagement, noting that the filing reports the dismissal on December 21 and engagement on December 22, 2021.
- Review Exhibit 16.1 for B&V’s response to the company’s disclosures.
- Review subsequent filings for Grassi’s audit report on the year ended December 31, 2021 and any later auditor changes.
- Use the company’s periodic financial statements—not this Form 8-K—to assess performance, liquidity, leverage, and operating outlook.