Business Context and Reporting Period
This Form 8-K is filed by Probe Manufacturing, Inc. (not Clean Energy Technologies, Inc.) for the reporting period ending April 14, 2015, with the earliest event reported on April 10, 2015. The filing addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. However, it notes that audit reports from the previous firm (W.T. Uniack & Co. CPA's P.C.) for the period December 31, 2009, through April 10, 2015, included a statement regarding substantial doubt about the Company's ability to continue as a going concern.
Material Changes
- Dismissal of Accountant: On April 10, 2015, the Board of Directors dismissed W.T. Uniack & Co. CPA's P.C. as the independent registered public accounting firm.
- Engagement of New Accountant: On April 10, 2015, the Board approved the appointment of MartinelliMick PLLC as the new independent registered public accounting firm.
- No Disagreements: The company reported no disagreements with the former firm regarding accounting principles, financial statement disclosure, or auditing scope during the two most recent fiscal years.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future operations, or specific risk factors beyond the historical "going concern" qualification noted in prior audit reports. The company confirmed that no "reportable events" occurred during the tenure of the former firm.
Investor Verification Checklist
- Verify the reasons for the dismissal of W.T. Uniack & Co. CPA's P.C., as the filing states no disagreements occurred.
- Confirm the status of the "going concern" qualification in the most recent financial statements.
- Monitor for the filing of the former accountant's response letter to the SEC, which is expected to be filed as an exhibit to an amendment.
- Review the company's liquidity position given the historical substantial doubt about its ability to continue as a going concern.