Business Context and Reporting Period
This Form 8-K is a current report filed by AMHN, Inc. (formerly Croff Enterprises, Inc.) on September 29, 2009. The filing addresses a change in the company's independent certifying accountant. The registrant is incorporated in Utah and maintains its principal executive offices in Beverly Hills, California.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Resignation of Auditor: On September 29, 2009, the Board of Directors accepted the resignation of Ronald R. Chadwick, P.C. as the independent auditor. Chadwick had audited the financial statements for the years ended December 2008, 2007, and 2006.
- Appointment of New Auditor: On September 29, 2009, the company appointed KBL, LLP as its new independent registered public accounting firm for the quarter ended September 30, 2009, and going forward.
- Audit History: The company reported no disagreements with the former auditor regarding accounting principles, financial statement disclosure, or audit scope. The former auditor's reports contained no adverse opinions, disclaimers, or qualifications.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, management outlook, or specific risk factors related to operations. The primary disclosure is the transition of audit services. The company confirmed that no consultations occurred with the new auditor (KBL, LLP) regarding accounting principles or reportable events during the two most recent fiscal years prior to their engagement.
Investor Verification Checklist
- Verify the reasons for the resignation of Ronald R. Chadwick, P.C. by reviewing the accompanying letter (Exhibit 16.1).
- Confirm the qualifications and independence of the newly appointed auditor, KBL, LLP.
- Review the most recent audited financial statements (fiscal year ended December 2008) to assess the company's financial health, as this 8-K contains no financial data.
- Monitor future filings for the first financial statements audited by KBL, LLP to ensure continuity in reporting standards.