Filing Analysis
Auditor Change
Filed Mar 13, 2026
HIGH
Q/C Technologies, Inc. dismissed its independent auditor, Stephano Slack LLC, and appointed Grassi & Co., CPAs, P.C. on March 9, 2026. The previous auditor's reports for fiscal years 2023 and 2024 included a going concern qualification due to net losses and negative cash flows.
Red Flags
- Going concern qualification: The former auditor's report for 2023 and 2024 noted substantial doubt about the company's ability to continue as a going concern.
- Auditor change while under financial distress: Changing auditors while a going concern doubt exists can be a risk indicator for micro-cap companies.
Key Facts
- Dismissal of Stephano Slack LLC effective March 9, 2026.
- Appointment of Grassi & Co., CPAs, P.C. effective March 9, 2026.
- Stephano Slack's reports for the fiscal years ended December 31, 2024, and 2023, contained a going concern paragraph.
- The company reported no disagreements or reportable events with the former auditor from October 3, 2023, through the dismissal date.
- The company is listed on the Nasdaq Capital Market under the ticker QCLS.
Disclaimer: This analysis is generated by AI and is for informational purposes only.
It does not constitute financial advice, investment recommendations, or an offer to buy or sell securities.
Always review the original SEC filings and consult a financial advisor before making investment decisions.