SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 27, 2004
Arbios Systems, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Nevada
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(State or Other Jurisdiction of Incorporation)
000-32603 91-1955323
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(Commission File Number) (I.R.S. Employer Identification No.)
110 North George Burns Road, Suite D-4018 Los Angeles, CA 90048
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(Address of Principal Executive Offices) (Zip Code)
(310) 423-7702
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Registrant's Telephone Number, Including Area Code
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(Former Name or Former Address, if Changed Since Last Report)
.
Item 4. Changes in Registrant's Certifying Accountant.
On January 27, 2004, the board of directors of Arbios Systems, Inc.
(the "Company") approved, by unanimous written consent, resolutions to dismiss
its former independent accountants, Williams and Webster, P.S. ("Williams").
Williams' report on the Company's financial statements for the past two years
did not contain an adverse opinion or disclaimer of opinion, and was not
modified as to uncertainty, audit scope, or accounting principles, except that
there was an explanatory paragraph relating to the Company's ability to continue
as a going concern.
During the two most recent fiscal years, the Company had no
disagreements with Williams, whether or not resolved, on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which, if not resolved to Williams' satisfaction, would have
caused it to make reference to the subject matter of the disagreement in
connection with its report. Williams did not advise the Company of any of the
events requiring reporting in this Form 8-K under Item 304(a)(iv)(B).
On January 27, 2004, the board also approved, by unanimous written
consent, resolutions to engage Stonefield Josephson, Inc. ("Stonefield") as its
independent accountants to audit its financial statements for the year ending
December 31, 2003, and for quarterly statements during 2004. Stonefield audited
the financial statements of Arbios Technologies, Inc., a subsidiary of the
Company, for the past two fiscal years. The Company did not consult with
Stonefield regarding the application of accounting principles to a specific,
completed or contemplated transaction, or the type of audit opinion that might
be rendered on the Company's financial statements prior to the engagement.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c). Exhibit 16. Letter of Williams and Webster, P.S.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ARBIOS SYSTEMS, INC.
(Registrant)
Date: January 29, 2004
By: /s/ Jacek Rozga
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Name: Jacek Rozga
Title: President and Chief Financial
Officer