BITMINE IMMERSION TECHNOLOGIES INC
For the period ended Aug 31, 2024. Filed Dec 9, 2024.
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FY2024 · Filed Dec 9, 2024
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Item 14. Principal Accountant Fees and Services
The following table presents fees for professional services provided by Bush and Associates CPA for the years ended August 31, 2024 and 2023, respectively:
The following table shows the fees billed aggregate to the Company for the periods shown:
| Fiscal Year 2024 · Fiscal Year 2023 | ||||
|---|---|---|---|---|
| Audit Fees (1) | $196,000 | (2) | $303,500 | (2) |
| Total Fees | $180,000 | $303,500 | ||
| (1) | Audit Fees. Audit services include work performed for the audit of our condensed financial statements and the review of financial statements included in our condensed quarterly reports, as well as work that is normally provided by the independent registered public accounting firm in connection with statutory and regulatory filings. The fees for fiscal 2023 include $50,000 in re-audit fees. |
| (2) | Audit fees for 2023 include $50,000 for the re-audit of our fiscal 2023 financial statements by our current auditors, Bush and Associates, necessitated by the SEC’s permanent disqualification of our previous auditor, BF Borgers. BF Borgers audit fees for 2024 and 2023 included in the audit fee totals above were, $66,000 and $253,500, respectively. |
Audit fees represent amounts invoiced for professional services rendered for the audit of the Company’s annual condensed financial statements, including the Form 10-K report, and the reviews of the quarter ending condensed financial statements included in the Company’s Form 10-Q reports.
Pre-Approval Policy and Procedures
The Audit Committee also pre-approves, on an annual basis, other audit services, and audit-related and tax services set forth in the policy, subject to estimated fee levels, on a project basis and aggregate annual basis, which have been pre-approved by the board. All other services performed by the auditor that are not prohibited non-audit services under SEC or other regulatory authority rules must be separately pre-approved by the Audit Committee. Amounts in excess of pre-approved limits for audit services, audit-related services and tax services require separate pre-approval of the Audit Committee. All of the services reflected in the above table were approved by the Audit Committee. We have not engaged our auditor to perform any services other than audit services.
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