Business Context and Reporting Period
This Form 8-K Current Report is filed by Nixxy, Inc. (NIXX), a Nevada corporation listed on the NASDAQ Capital Market. The report date is June 2, 2025, covering the resignation of the company's independent registered public accounting firm.
Key Financial Metrics
The filing does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity for the current period. However, it references the prior audit reports for the years ended December 31, 2024, and 2023, which included an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern.
Material Changes
- Change in Certifying Accountant: Salberg & Company P.A. ("Salberg") resigned as the independent registered public accounting firm effective June 2, 2025.
- Audit History: Salberg's audit reports for the fiscal years ended December 31, 2024, and 2023 did not contain adverse opinions, disclaimers, or qualifications regarding accounting principles, except for the going concern explanatory paragraph.
- Disagreements: The Company reported no disagreements with Salberg regarding accounting principles, financial statement disclosures, or auditing scope/procedures during the most recent fiscal years or the interim period up to the resignation date.
- Reportable Events: No "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K occurred during the relevant period.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the previously disclosed going concern uncertainty. The primary risk highlighted is the departure of the external auditor, though the Company asserts there were no underlying disagreements regarding financial reporting.
Investor Verification Checklist
- Verify the reason for Salberg & Company P.A.'s resignation by reviewing the attached letter (Exhibit 16.1).
- Confirm the status of the "substantial doubt about going concern" noted in the 2023 and 2024 audit reports.
- Monitor for the appointment of a new independent registered public accounting firm.
- Review subsequent filings for any new disagreements or reportable events related to the accounting change.