Eco Science Solutions Dismisses Auditor Fruci & Associates, Hires Dylan Floyd Accounting
ESSI has more than doubled off its 52-week low of $0.006.
Summary
Eco Science Solutions replaced its independent auditor, dismissing Fruci & Associates and hiring Dylan Floyd Accounting, effective August 10, 2026. The change occurs while the company faces going concern doubts and material weaknesses in internal controls.
Key Events · Corporate Governance and Compliance · ESSI
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Auditor Dismissal
Upon the Audit Committee's recommendation, the board dismissed Fruci & Associates II, PLLC as independent auditor effective August 10, 2026.
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New Auditor Engagement
Dylan Floyd Accounting & Consulting (PCAOB ID: 6235) was appointed to review Q2 and Q3 FY2027 interim financials and audit FY2027 annual financials.
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Going Concern Context
Fruci's reports for FY2025 and FY2026 included an explanatory paragraph expressing substantial doubt about the company's ability to continue as a going concern.
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Material Weaknesses
Management identified material weaknesses in internal control over financial reporting, as disclosed in the FY2026 Form 10-K.
Analysis · ESSI · Trade & Services
Effective August 10, 2026, the company dismissed its auditor Fruci & Associates II, PLLC and engaged Dylan Floyd Accounting & Consulting. The change comes amid substantial doubt about the company's ability to continue as a going concern, a defaulted $350,000 note, and material weaknesses in internal controls. While the filing states there were no disagreements with Fruci, the auditor change at a distressed micro-cap company raises governance concerns and may signal difficulty in maintaining auditor relationships.
At the time of this filing, ESSI was trading at $0.06 on OTC in the Trade & Services sector, with a market capitalization of approximately $1.6M. The 52-week trading range was $0.01 to $1.25. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.