other material
confidence high
sentiment negative
materiality 0.65
American Fusion auditor JV CPA resigned Oct 1; MBP Global hired Oct 20; going-concern doubt cited
American Fusion, Inc.
- JV CPA INC. resigned as independent auditor effective Oct 1, 2026, covering the Q3 2026 interim review and the audit for fiscal year ending Dec 31, 2026.
- JV CPA's reports on FY2025 and FY2024 included an explanatory paragraph citing substantial doubt about American Fusion's ability to continue as a going concern.
- No disagreements or reportable events with JV CPA during FY2024, FY2025 or through Oct 1, 2026, per Item 304(a) of Regulation S-K.
- MBP Global LLP engaged Oct 20, 2026 to audit FY2026 and review Q3 2026; the Company held no prior consultations with MBP Global on accounting matters.
- Amendment corrects the Oct 7 press release: JV CPA gave no reason for resigning, the earlier 'health reasons' claim was wrong, and JV CPA did not review the release.