Motorsport Games Inc. — Form 8-K Summary
Business context and reporting period
Motorsport Games Inc. filed this Current Report on Form 8-K on September 7, 2021, reporting an event that occurred on September 1, 2021. The filing concerns a change in the company’s independent registered public accounting firm and does not report operating or quarterly financial results.
Financial and liquidity information
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other current financial metrics.
Material change versus the prior comparable period
- Effective September 1, 2021, the company dismissed Dixon Hughes Goodman LLP and appointed Grant Thornton LLP as its new independent registered public accounting firm.
- Dixon Hughes Goodman’s audit reports for the years ended December 31, 2020 and 2019 contained neither an adverse opinion nor a disclaimer of opinion and were not qualified or modified regarding uncertainty, audit scope, or accounting principles.
- The company reported no disagreements with Dixon Hughes Goodman concerning accounting principles, financial statement disclosure, or audit scope or procedures during the two most recent fiscal years or the subsequent interim period through September 1, 2021.
- The company also reported no reportable events during that period.
Management commentary, risks, and unusual items
The board approved the auditor change following the recommendation of the audit committee. The filing states that neither the company nor anyone acting on its behalf consulted Grant Thornton during the relevant period regarding accounting principles, audit opinions, disagreements, or reportable events.
The company provided Dixon Hughes Goodman with the required disclosures, and Dixon Hughes Goodman’s letter agreeing with the statements in the filing was included as Exhibit 16.1. The filing does not identify a specific reason for the auditor change or provide financial guidance.
Key facts for investors to verify
- Confirm the effective date of Dixon Hughes Goodman’s dismissal and Grant Thornton’s appointment: September 1, 2021.
- Review Exhibit 16.1, the former auditor’s letter to the SEC.
- Verify that the company disclosed no disagreements or reportable events.
- Note that this filing contains no updated financial statements, performance metrics, liquidity data, or outlook.