Ainos, Inc 8-K, filed Apr 11, 2023
Ainos, Inc. (AIMD)
About this 8-K
Ainos, Inc filed this 8-K on April 11, 2023, reporting on events of April 10, 2023.
Items reported
- Item 4.01: Change of auditor
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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(Exact name of registrant as specified in its charter) |
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(Address and telephone number, including area code, of registrant's principal executive offices) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
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Common Stock Purchase Warrants | AIMDW | The Nasdaq Stock Market LLC (Nasdaq Capital Market) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 4.01 Changes in Registrant’s Certifying Accountant.
| (a) | The Audit Committee (the “Committee”) of the Board of Directors of Ainos, Inc., a Texas corporation (the “Company”) recently conducted a competitive selection process to determine the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The Committee invited several PCAOB registered public accounting firms to participate in this process. As a result of this process, the Committee decided not to renew or extend the Company’s engagement of PWR CPA LLP (“PWR”), as the Company’s independent registered public accounting firm. |
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| PWR’s audit reports on the Company’s consolidated financial statements as of and for the fiscal years ended December 31, 2021 and 2022 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended December 31, 2021, and 2022, and the subsequent interim periods through April 10, 2023, there were (i) no disagreements (as described in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and PWR on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to PWR’s satisfaction, would have caused PWR to make reference thereto in their reports on the financial statements for such years, and (ii) no “reportable events” within the meaning of Item 304(a)(1)(v) of Regulation S- K except that PWR advised the Company of the existence of deficiencies in the design and implementation of internal reporting controls as of December 31, 2021 which was remediated by the Company as of December 31, 2022.
The Company provided PWR with a copy of the disclosures it is making in this Current Report on Form 8-K and requested that PWR furnish a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the statements made herein. A copy of PWR’s letter dated April 10, 2023, is filed as Exhibit 16.1 hereto. |
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| (b) | On March 30, 2023, the Audit Committee (the “Audit Committee”) of the Board of Directors of Ainos, Inc., a Texas corporation (the “Company”), approved the engagement of KCCW Accountancy Corp. (“KWWC”) as the Company’s independent registered public accounting firm for the Company’s fiscal year ended December 31, 2023, effective April 10, 2023, and contemporaneously with the dismissal of PWR CPA LLP (“PWR”) as the Company's independent registered public accounting firm. |
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| During the fiscal years ended December 31, 2021, and 2022, and the subsequent interim periods through April 10, 2023, neither the Company nor anyone acting on its behalf has consulted with KWWC regarding (i) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements or the effectiveness of internal control over financial reporting, and neither a written report or oral advice was provided to the Company that KWWC 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. |
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
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| Letter from PWR CPA LLP to the Securities and Exchange Commission dated April 10, 2023 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Ainos, Inc. |
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Date: April 10, 2023 | By: | /s/ Chun-Hsien Tsai |
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| Name: Chun-Hsien Tsai |
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| Title: Chief Executive Officer |
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EXHIBIT 16.1
April 10, 2023
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Re: Ainos, Inc. Changes in Registrant’s Certifying Accountant
We have read the statements made by Ainos, Inc., which we understand will be filed with the Securities and Exchange Commission, pursuant to Item 4.01 of Form 8-K of the Company dated April 10, 2023, and agree with such statements contained in Item 4.01(a) as they pertain to our firm. We have no basis to agree or disagree with the statements contained in Item 4.01(b).
Sincerely,
/s/ PWR CPA LLP
PWR CPA LLP
Houston, Texas
PCAOB #6686
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EXHIBIT 16.1
April 10, 2023
Pao-Sheng Wei
Audit Committee Chairperson
Ainos, Inc.
8880 Rio San Diego Street, Suite 800
San Diego, CA 92108
Dear Mr. Pao-sheng Wei,
Ainos, Inc (Ainos or ‘the Company’) informed PWR that the Company has engaged another independent auditor to replace PWR CPA, LLP effective April 10, 2023. We hereby give notice of this separation.
This is also to confirm that the client-auditor relationship between Ainos, Inc. (Commission File Number 0-20791) and PWR CPA, LLP has ceased.
Sincerely,
/s/ PWR CPA, LLP
PWR CPA, LLP
| cc: | Office of the Chief Accountant SECPS Letter File Securities and Exchange Commission SECPSletters@sec.gov |
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PWR CPA, LLP, 2700 Post Oak Blvd., Houston, Texas 77056