SEC Filing Summary: AVRA Medical Robotics, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by AVRA Medical Robotics, Inc. (the "Company") on January 29, 2021, covering events occurring on January 26, 2021. The Company is an emerging growth company incorporated in Florida. Note: The request metadata referenced "SS Innovations International, Inc.," but the filing text explicitly identifies the registrant as AVRA Medical Robotics, Inc.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity figures. The document focuses exclusively on a change in the Company's certifying accountant.
Material Changes
- Termination of Former Accountant: DeLeon & Company ("DeLeon") ceased to serve as the independent registered public accounting firm. This termination occurred because DeLeon ceased operations following the passing of the firm's principal.
- Engagement of New Accountant: Effective January 26, 2021, the Company engaged D. Brooks and Associates CPAs, P.A. ("D. Brooks") as its new independent registered public accounting firm. This engagement was approved by the Board of Directors on the same date.
- Historical Audit Opinions: DeLeon's reports for fiscal years ended December 31, 2018, and December 31, 2017, did not contain adverse opinions or disclaimers. However, these reports included an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern.
- Disagreements: The Company reported no disagreements with DeLeon regarding accounting principles, practices, financial statement disclosures, or auditing scope/procedures during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future operations. The primary risk disclosed is the historical "substantial doubt about its ability to continue as a going concern" noted in prior audit reports. Additionally, the Company stated it is unable to secure a letter from DeLeon confirming agreement with the statements in this report due to the firm's cessation of operations.
Investor Verification Checklist
- Verify the Company's current financial status and liquidity given the historical "going concern" warning in prior audits.
- Confirm the transition timeline and scope of work for the new auditor, D. Brooks and Associates CPAs, P.A.
- Review the attached press release (Exhibit 99.1) for any additional context on the accounting firm change.
- Check for subsequent filings to ensure the new auditor has completed any required reviews of prior periods.