MJ Holdings, Inc. (OTCMKTS:MJNE) Files An 8-K Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim ReviewItem 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On November 15, 2018, MJ Holdings, Inc. (the “Company”), caused to be filed with the Securities and Exchange Commission (the “SEC”) its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2018 (the “Form 10-Q”). The Form 10-Q was filed on November 15, 2018, the day following its due date. The Company had believed that it was going to be able to its Form 10-Q timely and, therefore, did not file a Notification of Late Filing on Form 12b-25.
At the time of filing the Form 10-Q, the Company’s financial consultants knew that the Company’s auditors, Prager Metis CPA’s, LLC, (“Prager”) had not completed their review of the Company’s financial statements and the disclosures contained in the Form 10-Q as filed, but the financial consultants failed to convey that information to management of the Company. Therefore, the financial statements filed with the Form 10-Q may not be relied upon as accurate until such time as Prager has completed its review of the Company’s financial statements contained therein and has completed its standard procedures to authorize the filing of an amended Form 10-Q. Prager advised the Company that it expects to complete its review of the financial statements filed as part of the Form 10-Q in accordance with Statement on Auditing Standards No. 100, Interim Financial Information (“SAS 100”) during the first week of December 2018. The Company will file an amended Form 10-Q as soon as practicable thereafter.
The executive officers of the Company discussed the matters disclosed in this Item 4.02 with Prager. The Company also provided a copy of the foregoing Item 4.02 disclosures to Prager and requested that Prager furnish it with a letter addressed to the SEC stating whether Prager agrees with the above statements and, if not, stating the respects in which it does not agree. A copy of Prager’s response letter is filed as Exhibit 16.1 and incorporated by reference herein.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed with this Current Report on Form 8-K:
MJ Holdings, Inc. ExhibitEX-16.1 2 f8k111518ex16-1_mjholdings.htm LETTER FROM PRAGER METIS CPA’S,…To view the full exhibit click here
