Greenland Mines Ltd
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
The Board of Directors of the Company has appointed BCRG as our independent registered public accounting firm (the “Independent Auditor”) for the fiscal year ended December 31, 2024. Yusufali & Associates, LLC, independent registered public accounting firm, was previously selected by the Board of Directors of the Company as our auditors for Klotho Neurosciences Inc. (previously known as ANEW Medical) for the fiscal year ending December 31, 2023. Yusufali & Associates, LLC was engaged as the Company's independent registered public accounting firm on May 15, 2023 through October 26, 2024. The Board of Directors of the Company recommended and approved the dismissal which was mandated by Yusufali & Associates, LLC’s disqualification by the Public Company Accounting Oversight Board. Stockholder approval was not required to appoint BCRG as Klotho’s independent registered public accounting firm.
The following is a summary and description of fees incurred by BCRG Group for the year ended December 31:
| Services: | 2024 | 2023 |
|---|---|---|
| Audit Fees(1) | $15,000 | $25,000 |
| Tax Fees | - | - |
| All Other Fees(2) | - | - |
| Total fees | $15,000 | $25,000 |
| (1) | Audit fees consist of fees for the audit of our 2024 and 2023 annual financial statements and the review of our 2024 and 2023 interim financial statements. |
| (2) | All other fees are comprised of expenses related to work performed on other filings such as S-1 filings. |
The following is a summary and description of fees incurred by Yusufali & Associates, LLC for the year ended December 31:
| Services: | 2024 | 2023 |
|---|---|---|
| Audit Fees(1) | $30,000 | $60,900 |
| Tax Fees | - | - |
| All Other Fees(2) | 5,000 | - |
| Total fees | $35,000 | $60,900 |
| (1) | Audit fees consist of fees for the audit of our 2024 and 2023 annual financial statements and the review of our 2024 and 2023 interim financial statements. |
| (2) | All other fees are comprised of expenses related to work performed on other filings such as S-1 filings. |
As of December 31, 2024, consistent with SEC policies regarding auditor independence, the Company established Audit Committee that has responsibility for appointing, setting compensation and overseeing the work of our independent registered public accounting firm. In recognition of this responsibility, the Audit Committee has established a policy to pre-approve all audit and permissible non-audit services provided by our independent registered public accounting firm.
Prior to the engagement of an independent registered public accounting firm for the next year’s audit, management will submit an aggregate of services expected to be rendered during that year for each of four categories of services to the Audit Committee for approval.
| 1. | Audit services include audit work performed in the annual audit and quarterly review of the financial statements. |
| 2. | Tax services include all services performed by an independent registered public accounting firm’s tax personnel except those services specifically related to the audit of the financial statements, and includes fees in the areas of tax compliance, tax planning, and tax advice. |
| 3. | Other Fees are those associated with services not captured in the other categories and are comprised of expenses related to work performed on other filings that only an independent registered public accounting firm can reasonably be expected to provide, including comfort letters, statutory audits, and attest services and consultation regarding financial accounting and/or reporting standards. |
Prior to engagement, the Audit Committee pre-approves these services by category of service. The fees are budgeted and the Audit Committee requires our independent registered public accounting firm and management to report actual fees versus the budget periodically throughout the year by category of service. During the year, circumstances may arise when it may become necessary to engage our independent registered public accounting firm for additional services not contemplated in the original pre-approval. In those instances, the Audit Committee requires specific pre-approval before engaging our independent registered public accounting firm.
The Audit Committee may delegate pre-approval authority to one or more of its members. The member to whom such authority is delegated must report, for informational purposes only, any pre-approval decisions to the Audit Committee at its next scheduled meeting.
All services rendered by BCRG in our fiscal year ended December 31, 2024 were pre-approved by our Audit Committee.
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