Finally, an update from American Technology Corp. (ATCO:Nasdaq - commentary - research), the developer of laser-pinpointed audio systems that`s been on our radar screen of late.

As we reported in late September, the company`s newest CEO left the company less than eight months after he arrived to get the company out of its research and development stage into the stage that involves actually selling things and making money.

Now we learn that ATC`s top financial executive, Chief Accounting Officer Renee Warden, is resigning to work full time at e.Digital (EDIG:OTC BB - commentary - research), a company located in the same building as ATC and founded by ATC Chairman Woody Norris.

Should we be worried?

Different Rat Race ...

... same building

No, says an ATC spokesman. ``The company is really focusing, after years of research and development, on manufacturing and production of our audio technologies,`` he says. ``That`s the focus that needs to be applied, and that`s what`s happening here.``

So with the old CEO and the chief accounting officer out the door -- not literally, we guess, in Warden`s case -- who`ll be signing the financial statements for the fiscal year ending Sept. 30?

Maybe interim Chief Accounting Officer Carl Gruenler, the company`s vice president of military sales, says the spokesman. Or maybe Norris.

As ATC focuses on manufacturing and production, we`ll let you know if the company ever actually makes money. That`s the focus that needs to be applied, and that`s what`s happening here.