CoJax Oil & Gas Changes Certifying Accountant on Jan 4, 2024
Ticker: CJAX · Form: 8-K · Filed: Jan 10, 2024 · CIK: 1763925
Complexity: simple
Sentiment: neutral
Topics: auditor-change, corporate-governance, 8-K
TL;DR
**CoJax Oil & Gas just changed auditors, keep an eye on their financials.**
AI Summary
CoJax Oil & Gas Corp filed an 8-K on January 10, 2024, reporting a change in its certifying accountant, effective January 4, 2024. This filing, under Item 4.01, indicates a significant operational change for the company, which is based in Arlington, Virginia. For investors, a change in auditors can sometimes signal underlying financial issues or a desire for a fresh perspective on financial reporting, potentially impacting confidence in the company's financial statements.
Why It Matters
A change in a company's certifying accountant can sometimes raise questions about the integrity of its financial reporting or indicate a shift in financial strategy, which could affect investor confidence.
Risk Assessment
Risk Level: medium — Changing auditors can be a routine event, but it can also signal potential issues with financial reporting or disagreements, warranting closer scrutiny.
Analyst Insight
Investors should monitor future filings, particularly the next annual report (10-K), for details regarding the new auditor and any restatements or changes in accounting policies that might arise from this change.
Key Players & Entities
- CoJax Oil & Gas Corp (company) — the registrant filing the 8-K
- January 4, 2024 (date) — date of earliest event reported
- January 10, 2024 (date) — date the 8-K was filed
- Arlington, Virginia (location) — business address of CoJax Oil & Gas Corp
Forward-Looking Statements
- CoJax Oil & Gas Corp will disclose the specific reasons for the change in certifying accountant in a future filing or communication. (CoJax Oil & Gas Corp) — medium confidence, target: 2024-03-31
FAQ
What is the primary event reported in this 8-K filing by CoJax Oil & Gas Corp?
The primary event reported in this 8-K filing is a change in the registrant's certifying accountant, as per Item 4.01 of Form 8-K, with the earliest event reported on January 4, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 4, 2024.
What is the business address of CoJax Oil & Gas Corp as stated in the filing?
The business address of CoJax Oil & Gas Corp is 3033 Wilson Boulevard, Suite E-605, Arlington, Virginia 22201.
What is the Central Index Key (CIK) for CoJax Oil & Gas Corp?
The Central Index Key (CIK) for CoJax Oil & Gas Corp is 0001763925.
Does CoJax Oil & Gas Corp have any securities registered pursuant to Section 12(b) of the Act?
No, the filing explicitly states 'None' for the Title of each class, Trading Symbol(s), and Name of each exchange on which registered, indicating no securities are registered pursuant to Section 12(b) of the Act.
Filing Stats: 918 words · 4 min read · ~3 pages · Grade level 14.9 · Accepted 2024-01-10 17:18:26
Filing Documents
- g083944_8k.htm (8-K) — 37KB
- g083944_ex16-1.htm (EX-16.1) — 6KB
- image_001.jpg (GRAPHIC) — 7KB
- image_002.jpg (GRAPHIC) — 3KB
- 0001753926-24-000090.txt ( ) — 225KB
- cjax-20240104.xsd (EX-101.SCH) — 3KB
- cjax-20240104_lab.xml (EX-101.LAB) — 33KB
- cjax-20240104_pre.xml (EX-101.PRE) — 22KB
- g083944_8k_htm.xml (XML) — 3KB
01 Changes
Item 4.01 Changes in Registrant's Certifying Accountant. Effective as of January 4, 2024, CoJax Oil and Gas Corporation, a Virginia corporation (the "Company"), dismissed Sadler, Gibb & Associates, LLC ("Sadler Gibb") as the Company's independent registered public accounting firm engaged to audit the Company's financial statements. The dismissal of Sadler Gibb was approved by the Company's board of directors ("Board") on the same date. Sadler Gibb served as the Company's independent auditor between September 30, 2022 and January 4, 2024. The report of Sadler Gibb regarding the Company's financial statements for the fiscal year ended December 31, 2022, being the most recent fiscal year for which the Company has filed audited financial statements with the Securities and Exchange Commission (the "SEC"), did not contain any adverse opinions or disclaimers of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles, except that such report included explanatory paragraphs with respect to the Company's ability, in light of its accumulated losses and negative cash flows from operations, to continue as a going concern. During the fiscal year ended December 31, 2022 and through January 4, 2024, there were no (a) disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K) with Sadler Gibb on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to Sadler Gibb's satisfaction, would have caused Sadler Gibb to make reference to the subject matter thereof in connection with its reports for such year; or (b) reportable events, as described under Item 304(a)(1)(v) of Regulation S-K. In accordance with Item 304(a)(3) of Regulation S-K, the Company provided Sadler Gibb with a copy of the disclosures contained in this Current Report on Form 8-K prior to its filing with the SEC and requested Sadler Gibb to furnish it with a letter addre
01 Financial
Item 9.01 Financial (d) Exhibits: Exhibit No. Description 16.1 Letter from Sadler, Gibb & Associates, LLC 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 10, 2024 COJAX OIL AND GAS CORPORATION By: /s/ Jeffrey J. Guzy Jeffrey J. Guzy Title: Chief Executive Officer