Business Context and Reporting Period
This Form 8-K is a current report filed by Synaptogenix, Inc. (SNPX) on August 10, 2022. The registrant is a Delaware corporation and an emerging growth company. The report addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative change of the external auditor.
Material Changes
- Accountant Change: The Audit Committee elected to terminate the engagement with Friedman LLP, effective September 1, 2022.
- Reason for Change: The termination was mutually agreed upon due to the impending merger between Friedman LLP and Marcum LLP, which could result in a conflict of interest.
- New Appointment: Morison Cogen LLP was appointed as the new independent registered public accounting firm, commencing September 1, 2022.
- Audit History: Friedman LLP's audit reports for the years ended December 31, 2021, and 2020 contained no adverse opinions, disclaimers, or qualifications.
- Disagreements: There were no disagreements or reportable events between the company and Friedman LLP regarding accounting principles, financial statement disclosure, or auditing scope during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future business performance. The primary risk disclosed is the potential conflict of interest arising from the merger of the former auditor, which necessitated the change in accounting firm.
Investor Verification Checklist
- Verify the effective date of the new auditor (Morison Cogen LLP) is September 1, 2022.
- Confirm the absence of any disagreements or reportable events with the former auditor (Friedman LLP) as stated in the filing.
- Review the letter from Friedman LLP (Exhibit 16.1) to ensure they concur with the statements made in this 8-K.
- Note that the filing does not contain updated financial results; refer to the most recent 10-K or 10-Q for financial data.