Business Context and Reporting Period
This Form 8-K is a current report filed by Lightwave Logic, Inc. (Nasdaq: LWLG) on October 4, 2024, regarding events occurring on September 30, 2024. The company is incorporated in Nevada and operates from Englewood, Colorado.
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 corporate governance changes regarding the independent registered public accounting firm.
Material Changes
- Resignation of Auditor: Morison Cogen LLP ("Morison") resigned as the Company's independent registered public accounting firm effective September 30, 2024.
- Engagement of New Auditor: The Audit Committee approved the selection of Stephano Slack LLC ("Stephano") as the new independent registered public accounting firm for the fiscal year ending December 31, 2024, effective October 4, 2024.
- Audit History: Morison's reports for fiscal years 2022 and 2023 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary on business operations. Regarding risks and contingencies, the Company explicitly states there were no "disagreements" or "reportable events" with Morison during the two most recent fiscal years or the interim period through September 30, 2024. Similarly, no consultations regarding accounting principles or disagreements occurred with the new firm, Stephano, prior to their engagement.
Investor Verification Checklist
- Verify the reasons for Morison Cogen LLP's resignation by reviewing the attached letter (Exhibit 16.1) and any subsequent press releases.
- Confirm the transition timeline and any potential impact on the audit of the fiscal year ending December 31, 2024.
- Review the Company's next quarterly or annual report to ensure the new auditor, Stephano Slack LLC, has been properly engaged for the upcoming audit cycle.