Royale Energy, Inc.
For the period ended Dec 31, 2025. Filed Jul 13, 2026.
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FY2025 · Filed Jul 13, 2026
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Item 14. Principal Accountant Fees and Services
HORNE LLP (“HORNE”) was the Company’s independent registered public accounting firm for the year ended December 31, 2024. Effective as of November 1, 2025, the partners and professional staff of HORNE joined BDO USA, P.C. (“BDO”). As a result of this transaction, HORNE resigned as the Company’s independent registered public accounting firm effective as of November 1, 2025 and the Company, through and with the approval of the Audit Committee, appointed BDO as its independent registered public accounting firm. The following table sets forth the aggregate fees incurred by HORNE for the fiscal year ended December 31, 2024 and by HORNE and BDO for the fiscal year ended December 31, 2025.
| 2025 | 2024 | |
|---|---|---|
| Audit fees (1) | $280,000 | $250,000 |
| Tax fees (2) | - | - |
| All other fees (3) | - | 6,500 |
| Total | $280,000 | $256,500 |
| (1) | Audit fees are fees for professional services rendered for the audit of Royale Energy’s annual financial statements, reviews of financial statements included in the Company’s Forms 10-Q, audit and review of financial statements of an acquired asset, and reviews of documents filed with the U.S. Securities and Exchange Commission. |
| (2) | Tax fees consist of tax planning, consulting and tax return reviews. |
| (3) | Additional fees related to debt and equity restructuring transaction. |
The Company’s audit committee has adopted policies for the pre-approval of all audit and non-audit services provided by the Company’s independent auditor. The policy requires pre-approval by the audit committee of specifically defined audit and non-audit services. Unless the specific service has been previously pre-approved with respect to that year, the audit committee must approve the permitted service before the independent auditor is engaged to perform it. During 2025 and 2024 all such audit services and their fees were pre-approved by the audit committee.
Part IV
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