Business Context and Reporting Period
This Form 8-K is a current report filed by BioSig Technologies, Inc. (not Streamex Corp.) on September 7, 2022. The registrant is incorporated in Delaware and trades on the NASDAQ Capital Market under the symbol BSGM. The report addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. However, it notes that the former auditor, Friedman LLP, issued a report dated March 31, 2022, containing an explanatory paragraph stating there was substantial doubt about the Company's ability to continue as a going concern.
Material Changes
- Dismissal of Auditor: Friedman LLP was dismissed effective September 7, 2022. Friedman had served as the auditor through this date following a merger with Marcum LLP on September 1, 2022.
- Appointment of New Auditor: Marcum LLP was engaged as the new independent registered public accounting firm for the fiscal year ending December 31, 2022, effective immediately.
- Audit History: Reports for fiscal years 2021 and 2020 did not contain adverse opinions or disclaimers, aside from the going concern qualification mentioned above.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the previously disclosed going concern uncertainty. The company confirmed there were no disagreements with the former auditor regarding accounting principles, financial statement disclosure, or auditing scope during the two most recent fiscal years and the subsequent interim period.
Investor Verification Checklist
- Verify the status of the "substantial doubt about going concern" noted in the March 31, 2022 audit report.
- Confirm the transition timeline and scope of work between Friedman LLP and Marcum LLP.
- Review the attached letter from Friedman LLP (Exhibit 16.1) for any additional context on the dismissal.
- Check subsequent filings for updated financial statements prepared under the new auditor.