FitLife Brands, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by FitLife Brands, Inc. on September 11, 2019. The company is incorporated in Nevada and maintains its principal executive offices in Omaha, Nebraska. The report addresses a change in the company's certifying accountant.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the independent registered public accounting firm.
Material Changes
- Dismissal of Accountant: On September 11, 2019, the Board of Directors approved the dismissal of Weinberg & Company as the independent registered public accounting firm for the fiscal year ending December 31, 2019.
- Engagement of New Accountant: Effective September 13, 2019, the company engaged Weaver and Tidwell, L.L.P. as its new independent registered public accounting firm for the fiscal year ending December 31, 2019.
- Audit History: Reports by Weinberg for fiscal years 2017 and 2018 did not contain adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
- Disagreements: The company reported no disagreements with Weinberg on accounting principles, practices, or auditing scope during the 2017-2018 fiscal years or the interim period through June 30, 2019.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future performance. No risks, contingencies, or unusual items were disclosed in this specific report. The company confirmed that no "reportable events" occurred during the tenure of the previous accountant.
Key Facts for Investor Verification
- Verify the reasons for the change in auditors, as the filing states the decision followed a review process but does not explicitly detail the strategic or operational rationale.
- Confirm the status of the letter from Weinberg & Company (Exhibit 16.1) to ensure they agreed with the company's disclosures regarding the dismissal.
- Review subsequent filings to assess the impact of the new auditor, Weaver and Tidwell, L.L.P., on the audit of the 2019 fiscal year.
- Note that the company has no securities registered under Section 12(b) of the Exchange Act.