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- Going Concern (new) — Prior auditor's reports for fiscal 2026 and 2025 contained going concern language, indicating substantial doubt about the company's ability to continue operating.
Virtuix changes auditors to EisnerAmper; prior reports flagged going concern doubts
Filed August 6, 2026 · Period ending August 4, 2026 · ~1 min read
Key Changes
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high
Prior auditor M&K included going concern language in fiscal 2026 and 2025 reports, indicating substantial doubt about Virtuix's ability to continue operating.
Item 4.01 — Changes in Registrant's Certifying Accountant verify on EDGAR → -
medium
Virtuix engaged EisnerAmper as independent auditor for fiscal 2027, replacing M&K effective August 4, 2026, with Audit Committee approval.
Item 4.01 — Changes in Registrant's Certifying Accountant verify on EDGAR → -
low
No disagreements with departing auditor M&K on accounting principles, financial disclosures, or audit procedures during fiscal 2026, 2025, or interim period.
Item 4.01 — Changes in Registrant's Certifying Accountant verify on EDGAR →
Summary
Virtuix disclosed a routine auditor change from M&K CPAS to EisnerAmper for fiscal year 2027, approved by the Audit Committee. The filing confirms no disagreements with the departing auditor on accounting matters or audit procedures. However, the disclosure reveals that M&K's audit reports for both fiscal 2026 and 2025 included going concern qualifications, signaling substantial doubt about Virtuix's ability to continue as a going concern.
This language indicates the company has faced significant financial or operational challenges that raise questions about its viability. While the auditor rotation itself appears procedural, the going concern history is a material concern for investors assessing the company's financial health and sustainability.
Section-by-Section Diff
Event · Item 4.01 — Changes in Registrant's Certifying Accountant
Item 4.01 — Changes in Registrant's Certifying Accountant filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On August 4, 2026, the Company entered into an engagement letter with EisnerAmper LLP ("EisnerAmper"), pursuant to which EisnerAmper was engaged as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2027. The engagement of EisnerAmper was approved by the Audit Committee of the Board of Directors. In connection with such engagement, M&K CPAS, PLLC ("M&K") ceased serving as the Company's independent registered public accounting firm, effective upon execution of the engagement letter.
Virtuix replaced M&K CPAS with EisnerAmper as its independent auditor for fiscal year 2027, effective August 4, 2026. The change was approved by the Audit Committee. This is a routine auditor rotation with no disclosed disagreements or reportable events.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
During the Company's fiscal years ended March 31, 2026 and March 31, 2025, and the subsequent interim period through the date M&K ceased serving as the Company's independent registered public accounting firm, there were no disagreements (as defined in Item 304(a) (1) (iv) of Regulation S-K and the related instructions) between the Company and M&K on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to the satisfaction of M&K, would have caused M&K to make reference thereto in its reports on the Company's consolidated financial statements.
The company disclosed no disagreements with the departing auditor M&K on accounting principles, financial statement disclosure, or auditing procedures during fiscal 2026, 2025, or the interim period through the auditor change. Additionally, there were no reportable events as defined by SEC regulations, indicating the auditor change was routine and not driven by accounting or control issues.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 27, 2026 · How we verify