Monitor the next 10-Q for any restatements, material weaknesses, or further going-concern disclosures. The switch to a smaller auditor (Grassi & Co.) from Withum may signal cost-cutting but also raises the risk of audit quality issues.
Price Chart
Executive Summary
Bright Mountain Media dismissed its auditor WithumSmith+Brown, effective September 21, 2026, and engaged Grassi & Co. as its new independent registered public accounting firm. The prior audit reports for fiscal years 2024 and 2025 each contained a going-concern explanatory paragraph, and the company's securities are not listed on any exchange (no trading symbol). Auditor changes at a company already flagged with going-concern doubts are a negative signal, increasing financial reporting risk.
Key Facts
- Bright Mountain Media dismissed WithumSmith+Brown, PC as its independent auditor effective September 21, 2026.
- Withum's audit reports for fiscal years ended December 31, 2024 and 2025 each contained an explanatory paragraph regarding substantial doubt about the company's ability to continue as a going concern.
- No disagreements or reportable events occurred between the company and Withum during the relevant periods.
- The company engaged Grassi & Co., Certified Public Accountants, P.C. as its new auditor on September 17, 2026, approved by the Audit Committee.
- The company's securities have no trading symbol and are not registered on any exchange (NONE).
Financial Impact
No specific financial figures provided; the change in auditor at a company with a going-concern warning increases the risk of financial restatement or delayed filings.
Risk Factors
- Potential for delayed or non-timely SEC filings (NT 10-Q/K) as the new auditor ramps up.
- Increased probability of a future restatement or adverse audit opinion given the existing going-concern doubt and auditor change.
- No exchange listing limits liquidity and investor exit options.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-399300 |
| Document: 0001193125-26-399300-index-headers.html | 0001193125-26-399300 |
| Document: 0001193125-26-399300-index.html | 0001193125-26-399300 |
| Document: 0001193125-26-399300.txt | 0001193125-26-399300 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 23, 2026 4w ago | 8-K | $0.005200 $0.002400 | ▲ +53.85% | ▲ +54.53% | $0.002400 (+53.85%) |
Jul 7, 2026 15w ago | 8-K | $0.008300 $0.009600 | ▼ −15.66% | ▼ −12.50% | $0.002400 (+71.08%) |
Jun 16, 2026 18w ago | 8-K | $0.007000 $0.009000 | ▲ +28.57% | ▲ +27.72% | $0.002400 (−65.71%) |
May 12, 2026 23w ago | 8-K | $0.004000 $0.007300 | ▼ −82.50% | ▼ −84.23% | $0.002400 (+40.00%) |
Apr 16, 2026 27w ago | 8-K | $0.006000 $0.004000 | ▲ +33.33% | ▲ +39.15% | $0.002400 (+60.00%) |
Apr 6, 2026 29w ago | 8-K | $0.004800 $0.004000 | ▼ −16.67% | ▼ −25.65% | $0.002400 (−50.00%) |
US Market Status
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