Business Context and Reporting Period
This Form 8-K is a current report filed by Load Guard Logistics, Inc. (not Skye Bioscience, Inc., as indicated in the metadata) on June 14, 2013. The registrant is incorporated in Nevada and maintains its principal executive offices in Miami, Florida. The filing discloses a change in the company's certifying independent public accountant.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. However, it references the prior independent auditor's report for the years ended October 31, 2012, and 2011, which included an explanatory paragraph stating there was substantial doubt about the Company's ability to continue as a going concern.
Material Changes
- Dismissal of Auditor: On June 14, 2013, the company dismissed Drake Klein Messineo, CPAs, PA ("DKM") as its independent public accountant.
- Engagement of New Auditor: On the same date, the company engaged Messineo & Co, CPAs LLC ("M&Co") as its new independent public accountant.
- No Disagreements: The company reported no disagreements with the former auditor (DKM) regarding accounting principles, financial statement disclosures, or auditing scope/procedures during the periods covered.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the previously noted going concern qualification. The primary risk context is the change in audit firm following a report that questioned the company's ability to continue as a going concern. The company confirmed there were no reportable events under Regulation S-K Item 304(a)(1)(iv) during the interim period.
Investor Verification Checklist
- Verify the reason for the auditor change, given the prior "going concern" qualification.
- Review the letter from the former auditor (Exhibit 16.1) to confirm their agreement with the company's statements regarding the dismissal.
- Confirm the identity of the new auditor (Messineo & Co, CPAs LLC) and their independence.
- Check subsequent filings for updated financial statements and any resolution of the going concern issue.