Business Context and Reporting Period
This Form 8-K is filed by Second Sight Medical Products, Inc. (not Vivani Medical, Inc.) with a report date of July 1, 2021. The filing 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. It notes that prior audit reports for fiscal years 2019 and 2020 included explanatory paragraphs regarding the company's ability to continue as a going concern.
Material Changes
- Accountant Resignation: Gumbiner Savett Inc. resigned as the independent registered public accounting firm effective July 1, 2021, due to its combination with BPM LLP.
- New Engagement: The Audit Committee approved the engagement of BPM LLP as the new independent registered public accounting firm for the year ending December 31, 2021.
- No Disagreements: The company reported no disagreements with Gumbiner Savett regarding accounting principles, practices, or auditing scope during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operations, or new risk factors. The primary contingency noted is the historical "going concern" qualification in previous audit reports, though no new adverse opinions or disclaimers were issued by the departing auditor.
Investor Verification Checklist
- Verify the transition timeline and audit scope between Gumbiner Savett and BPM LLP.
- Review the "going concern" explanatory paragraphs in the 2019 and 2020 financial statements to assess current liquidity status.
- Confirm the status of the company's ability to continue operations given the historical audit qualifications.
- Check subsequent filings for the first financial statements audited by BPM LLP.