Business Context and Reporting Period
Save Foods, Inc. filed a Form 8-K dated July 26, 2021, reporting a change in its independent registered public accounting firm. The filing identifies the registrant as Save Foods, Inc., although the request metadata names Nexentis Technologies Inc.
The filing relates to events occurring on July 25, 2021, and was signed on July 26, 2021. The company’s common stock traded under the symbol SVFD on the Nasdaq Capital Market.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, balance-sheet, or other operating metrics.
Material Changes Versus the Prior Comparable Period
- On July 25, 2021, the board dismissed Halperin Ilanit CPA, which had served as the company’s independent registered public accounting firm since 2018.
- The board appointed Somekh Chaikin, a member firm of KPMG International, as the independent registered public accounting firm for the fiscal year ending December 31, 2021.
- Halperin’s audit reports on the company’s financial statements for the year ended December 31, 2020 contained no adverse opinion, disclaimer, qualification, or modification relating to uncertainty, audit scope, or accounting principles.
- The company reported no disagreements with Halperin regarding accounting principles, financial statement disclosures, or audit scope or procedures, and no reportable events under Item 304(a)(1)(v) of Regulation S-K.
- Halperin confirmed in a July 25, 2021 letter filed as Exhibit 16.1 that it agreed with the company’s disclosures.
Guidance, Outlook, Risks, Contingencies, and Unusual Items
The filing provides no financial guidance, operating outlook, material risk update, contingency disclosure, or unusual financial item. It states that, before its appointment, KPMG Israel had not been consulted regarding specific accounting principles, potential audit opinions, disagreements, or reportable events.
Important Facts to Verify
- Verify the registrant’s identity because the filing names Save Foods, Inc., while the request metadata names Nexentis Technologies Inc.
- Confirm completion and scope of the 2021 audit by Somekh Chaikin/KPMG Israel.
- Review Exhibit 16.1 for Halperin’s formal concurrence with the change-of-accountant disclosures.
- Consult the company’s subsequent periodic filings for financial results, liquidity, debt, and any audit-related developments not included in this Form 8-K.