UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 4.01 Changes in Company’s Certifying Accountant.
On October 10, 2022, Alex Mannine, the CEO of Vynleads, Inc. (the “Company”) received an email from Derek M. Webb, CPA, a partner at Liggett & Webb P.A. (“L&W”) and the Company’s auditor informally resigning as the Company’s independent registered public accounting firm.
On November 15, 2022, L&W informed the Company of their formal resignation as the Company’s independent registered public accounting firm.
The accounting reports of L&W on the Company’s December 31, 2021 and 2020 consolidated financial statements did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle, except that each report on the Company’s consolidated financial statements contained an explanatory paragraph regarding the Company’s ability to continue as a going concern based on the Company’s significant working capital deficiency, significant losses and needs to raise additional funds.
During the previous year’s December 31 and 2020 audits and subsequent interim period through November 15, 2022, the effective date of L&W’s resignation, there were (i) no disagreements (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and L&W on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of L&W would have caused the L&W to make reference thereto in its reports on the consolidated financial statements of the Company for such years, and (ii) no “reportable events” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
The Company provided L&W with a copy of the disclosures it is making in this Current Report on Form 8-K (the “Report”) prior to the time the Report was filed with the Securities and Exchange Commission (the “SEC”). The Company requested that L&W furnish a letter addressed to the SEC stating whether or not it agrees with the statements made herein. A copy of L&W’s letter, dated November 18, 2022, is attached hereto as Exhibit 16.1.
New Independent Registered Public Accounting Firm
As this information was received, the Company and its Board of Directors discussed alternative auditors, but eventually agreed and engaged ASSURANCE DIMENSIONS CERTIFIED PUBLIC ACCOUNTANTS & ASSOCIATES (“ASSURANCE”) on October 20, 2022.
During the two most recent fiscal years and through the Engagement Date, the Company did not consult with ASSURANCE regarding either:
| 1. | application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report was provided to the Company nor oral advice was provided that ASSURANCE concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or |
| 2. | any matter that was either the subject of a disagreement (as defined in Regulation S-K, Item 304(a)(1) (iv) and the related instructions) or reportable event (as defined in Regulation S-K, Item 304(a)(1)(v)). |
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |
| 16.1 | Letter of Liggett & Webb P.A. dated November 18, 2022 to the SEC regarding statements included in this Form 8-K. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Vynleads, Inc. | ||
| (Registrant) | ||
| By: |
/s/ Alex Mannine | |
|
Alex Mannine | ||
|
Chief Executive Officer | ||
Date: November 18, 2022