UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
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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 (see General Instruction A.2. below):
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N/A | N/A | N/A |
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).
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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) Resignation of Independent Registered Public Accounting Firm
On June 16, 2022, L&L CPAs, PA (“L&L”) resigned as the Company’s independent registered public accounting firm due to L&L’s resource constraints.
L&L’s reports on the Company’s financial statements for the fiscal years ended June 30, 2021 and June 30, 2020 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, except that such reports expressed substantial doubt regarding the Company’s ability to continue as a going concern. Furthermore, during the Company’s two most recent fiscal years and through June 16, 2022, there have been no disagreements with L&L on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to L&L’s satisfaction, would have caused L&L to make reference to the subject matter of the disagreement in connection with its reports on the Company’s financial statements for such periods.
For the fiscal years ended June 30, 2021 and 2020 and through June 16, 2022, there were no “reportable events” as that term is described in Item 304(a)(1)(v) of Regulation S-K.
The Company provided L&L with a copy of the disclosure contained herein, prior to its filing with the Securities and Exchange Commission (the “Commission”), and requested that L&L furnish the Company a letter addressed to the Commission stating whether or not it agreed with the statements herein and, if not, stating the respects in which it does not agree. L&L’s letter to the Commission is attached hereto as Exhibit 16.1.
(b) Engagement of New Independent Registered Public Accounting Firm
On July 25, 2022, the Company’s Board of Directors appointed WWC, P.C. (“WWC”) as the Company’s new independent registered public accounting firm. During the Company’s two most recent fiscal years and through July 25, 2022, neither the Company nor anyone acting on the Company’s behalf consulted WWC with respect to any of the matters or reportable events set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
16.1 | Letter, dated August 17, 2022, from L&L CPAs, PA addressed to the Commission. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
SUGARMADE, INC. | ||
Date: August 17, 2022 | By: | /s/ Jimmy Chan |
Name: | Jimmy Chan | |
Title: | Chief Executive Officer |
Exhibit 16.1
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19720 Jetton Road, 3rd Floor Cornelius, NC 28031 Tel: 704-897-8336 Fax: 704-919-5089
|
August 17, 2022
U.S. Securities & Exchange Commission
450 Fifth Street N.W.
Washington, DC 20549
RE: Sugarmade, Inc.
FILE: 000-23446
To Whom It May Concern:
We have read the statements under item 4.01 of the Form 8-K to be filed with the Securities and Exchange Commission. We agree with statements pertaining to us.
Sincerely,
/s/ L&L CPAS, PA
L&L CPAS, PA
Cover |
Jun. 16, 2022 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Jun. 16, 2022 |
Entity File Number | 000-23446 |
Entity Registrant Name | SUGARMADE, INC. |
Entity Central Index Key | 0000919175 |
Entity Tax Identification Number | 94-3008888 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 750 Royal Oaks Dr. |
Entity Address, Address Line Two | Suite 108 |
Entity Address, City or Town | Monrovia |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 91016 |
City Area Code | (888) |
Local Phone Number | 982-1628 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
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