Business Context and Reporting Period
Company: The NFT Gaming Company, Inc. (Note: Request metadata listed "GAXOS.AI INC.", but the filing identifies the registrant as The NFT Gaming Company, Inc., trading symbol NFTG).
Filing Type: Form 8-K (Current Report)
Date of Report: June 20, 2023
Reporting Period: The filing reports on specific events occurring on June 20, 2023, and June 21, 2023, regarding changes in the company's independent registered public accounting firm.
Key Financial Metrics
This Form 8-K does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing is strictly procedural regarding the change of auditors.
Material Changes
- Dismissal of Auditor: On June 20, 2023, the Audit Committee dismissed D. Brooks and Associates CPAs, P.A. as the independent registered public accounting firm, effective immediately.
- Engagement of New Auditor: On June 21, 2023, the Audit Committee appointed Salberg & Company, P.A. as the new independent registered public accounting firm to audit the fiscal year ending December 31, 2023.
- Audit History: The audit reports issued by D. Brooks for the fiscal years ended December 31, 2022, and 2021, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
Management Commentary, Risks, and Contingencies
- Disagreements and Reportable Events: The Company stated there were no "disagreements" or "reportable events" with the former auditor (D. Brooks) during the two most recent fiscal years or the interim period through June 20, 2023.
- Consultations with New Auditor: The Company confirmed that neither it nor anyone on its behalf consulted the new auditor (Salberg) regarding accounting principles, audit opinions, disagreements, or reportable events during the two most recent fiscal years or the interim period through June 21, 2023.
- Former Auditor Response: D. Brooks was provided a copy of the disclosure and filed a letter (Exhibit 16.1) stating whether they agreed with the Company's statements.
Investor Verification Checklist
- Verify the identity of the registrant (The NFT Gaming Company, Inc.) versus the metadata provided (GAXOS.AI INC.).
- Review Exhibit 16.1 (Letter from D. Brooks and Associates CPAs, P.A.) to confirm the former auditor's stance on the dismissal.
- Monitor future filings (10-K or 10-Q) for the first financial statements audited by Salberg & Company, P.A.
- Check for any subsequent 8-K filings that might disclose the specific reasons for the auditor change if not fully detailed in the initial report.