Business Context and Reporting Period
This Form 8-K Current Report was filed by Enochian Biosciences, Inc. (noted as Lunai Bioworks Inc. in metadata) on July 5, 2018. The report discloses a change in the company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative change of auditors.
Material Changes
- Termination of Auditor: The Company terminated the services of Gregory & Associates, LLC effective immediately on July 5, 2018.
- Appointment of New Auditor: The Company retained Sadler, Gibb & Associates, L.L.C. as its new independent registered public accounting firm.
- Audit History: Gregory & Associates issued reports for fiscal years ended June 30, 2017, and June 30, 2016. The 2016 report included a note regarding the Company's ability to continue as a going concern. No other adverse opinions, disclaimers, or qualifications were issued.
- Disagreements: The Company reported no disagreements with Gregory & Associates on accounting principles, financial statement disclosures, or auditing scope during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of future risks. The primary disclosure relates to the transition of audit services. The Company confirmed that no reportable events occurred during the periods covered by the former auditor's reports or subsequently up to the date of dismissal.
Investor Verification Checklist
- Verify the reason for the auditor change, as the filing states no disagreements occurred.
- Review the attached Exhibit 16.1 (Letter from Gregory & Associates) to confirm the former auditor's concurrence with the Company's statements.
- Monitor future filings for the impact of the "going concern" note previously issued for the fiscal year ended June 30, 2016.
- Confirm the Company's current financial status, as this 8-K does not provide updated liquidity or solvency metrics.