Bright Mountain Media adds former auditor’s letter
Withum’s audit reports included a substantial-doubt paragraph for both fiscal 2024 and 2025.
Filing Impact
(Neutral)
Filing Sentiment
(Neutral)How Sentiment works
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
How Sentiment worksHow the balance works
Rhea-AI Filing Summary
Bright Mountain Media, Inc. (BMTM) dismissed WithumSmith+Brown, PC as its independent registered public accounting firm effective immediately on September 21, 2026, and had engaged Grassi & Co., Certified Public Accountants, P.C. on September 17, 2026. Grassi is engaged to audit the financial statements for the quarter ending September 30, 2026 and the fiscal year ending December 31, 2026.
Withum’s audit reports for the fiscal years ended December 31, 2024 and 2025 included an explanatory paragraph regarding substantial doubt about the company’s ability to continue as a going concern. Bright Mountain Media reported no disagreements with Withum on accounting or auditing matters and no reportable events during the two most recent fiscal years and subsequent interim periods through September 21, 2026. The amendment adds Withum’s September 24, 2026 letter agreeing with the statements about Withum.
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
How the balance worksHow Sentiment works
Positive
- None.
Negative
- Major pointWithum’s 2024 and 2025 audit reports included a going-concern doubt paragraph.
