8-K: Vivos Therapeutics Changes Auditors Amid Going Concern Doubts

Vivos Therapeutics, Inc. has dismissed Baker Tilly US, LLP as its independent auditor and engaged Haynie & Company, with prior auditor reports noting substantial doubt about the company's going concern status.

Summary

• Vivos Therapeutics, Inc. has changed its independent registered public accounting firm.
• Baker Tilly US, LLP was dismissed as the company's auditor effective September 29, 2026.
• Haynie & Company has been engaged as the new independent registered public accounting firm for the fiscal year ending December 31, 2026.
• Baker Tilly succeeded Moss Adams LLP, which merged with Baker Tilly on June 3, 2025.
• Previous audit reports from both Moss Adams and Baker Tilly included explanatory paragraphs expressing substantial doubt regarding the Company's ability to continue as a going concern.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral to slightly negative development due to the change in auditors, especially given the prior auditor's report included substantial doubt about the company's ability to continue as a going concern.

Positives

• The company has secured a new auditor to continue its financial reporting obligations.
• There were no disagreements with the former auditor, Baker Tilly, on accounting principles or practices.

Negatives

• The dismissal of an auditor, especially when previous reports indicated substantial doubt about the company's ability to continue as a going concern, can be a red flag for investors.
• The company has a history of going concern issues noted in audit reports for fiscal years 2024 and 2025.

Risks

• Substantial doubt regarding the Company's ability to continue as a going concern was noted in previous audit reports.
• The change in auditors could potentially signal underlying issues or a desire to obtain a different audit opinion, although no disagreements were reported.

Future Outlook

Haynie & Company will audit the company's consolidated financial statements for the fiscal year ending December 31, 2026, and review unaudited condensed consolidated financial statements beginning with the quarter ended September 30, 2026.

Management Comments

• Baker Tilly's review of the Companys unaudited condensed consolidated financial statements for the quarter ended June 30, 2026 was the final service performed by Baker Tilly for the Company.
• During discussions with Haynie & Company in August 2026 regarding a proposed joint venture, Haynie identified and discussed accounting guidance relevant to the proposed structure, including ASC 323 and ASC 810. Haynie did not provide a conclusion on the accounting treatment and advised that further facts and analysis would be necessary. The proposed transaction was ultimately not signed or consummated.

Industry Context

StockSavvy.ai notes that auditor changes are not uncommon, but when coupled with prior 'going concern' warnings, they warrant closer scrutiny by investors. The engagement of a new firm like Haynie & Company suggests the company is moving forward with its financial audits.

Corporate Governance

Stakeholder Impact

• Shareholders: May experience increased scrutiny of the company's financial health and future prospects due to the auditor change and prior going concern warnings.
• Creditors: May require additional assurances regarding the company's financial stability and ability to meet obligations.

Next Steps

• Haynie & Company will perform the audit of the Company's consolidated financial statements for the fiscal year ending December 31, 2026.
• Haynie & Company will review the Company's unaudited condensed consolidated financial statements beginning with the quarter ended September 30, 2026.

Key Dates

Recommendation

The change in auditors, coupled with previous going concern warnings, introduces uncertainty. While no direct financial performance issues are reported in this specific filing, the auditor change warrants a cautious 'hold' until the new auditor's reports provide clarity on the company's financial stability.

Keywords

Auditor Change, Independent Accountant, Going Concern, Audit Report, Financial Statements, Corporate Governance, Audit Committee