Business Context and Reporting Period
This Form 8-K is a current report filed by EnerJex Resources, Inc. (not Ageagle Aerial Systems Inc.) on January 13, 2015. The filing addresses a change in the company's certifying accountant. The registrant is incorporated in Nevada with principal executive offices in San Antonio, Texas.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly procedural regarding the appointment of a new auditor.
Material Changes
- Accountant Merger: L.L. Bradford & Company, LLC merged its SEC business with RBSM, LLP.
- Change in Auditor: RBSM, LLP will now audit the Company's financial statements, replacing L.L. Bradford & Company, LLC.
- Appointment Date: The Audit Committee accepted the appointment of RBSM, LLP on January 13, 2015, for the fiscal year ending December 31, 2015.
Guidance, Outlook, and Risks
Management Commentary and Risks:
- No Disagreements: There were no disagreements between the Company and the former accountant (L.L. Bradford & Company, LLC) regarding accounting principles, financial statement disclosure, or auditing scope.
- Report Quality: The reports provided by the former accountant for the fiscal year ended December 31, 2013, did not contain an adverse opinion, disclaimer, or qualification regarding uncertainty, audit scope, or accounting principles.
- Consultations: During the two most recent completed fiscal years and through January 20, 2015, the Company did not consult with the new accountant (RBSM, LLP) regarding accounting principles, audit opinions, or reportable events.
Investor Verification Checklist
- Verify the identity of the registrant as EnerJex Resources, Inc., noting the discrepancy with the requested company name (Ageagle Aerial Systems Inc.).
- Confirm the transition of audit responsibilities from L.L. Bradford & Company, LLC to RBSM, LLP effective January 13, 2015.
- Review the attached letter from L.L. Bradford & Company, LLC (Exhibit 16.1) to confirm their agreement with the Company's disclosures regarding the change.
- Note that no financial performance data is contained in this specific filing.