Business Context and Reporting Period
This Form 8-K Current Report was filed by KULR Technology Group, Inc. on April 29, 2025. The filing addresses a change in the company's independent registered public accounting firm. The company is incorporated in Delaware and its common stock trades on the NYSE American LLC under the symbol KULR.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is strictly procedural regarding the appointment of a new auditor.
Material Changes
- Resignation of Former Auditor: Marcum LLP resigned as the independent registered public accounting firm on April 29, 2025.
- Appointment of New Auditor: CBIZ CPAs P.C. ("CBIZ") was engaged as the new independent registered public accounting firm for the fiscal year ending December 31, 2025, with the approval of the Audit Committee.
- Reason for Change: The change resulted from CBIZ acquiring the attest business of Marcum LLP on November 1, 2024, with substantially all partners and staff joining CBIZ.
Guidance, Outlook, and Risks
Audit History and Disagreements: The reports issued by Marcum for the fiscal years ended December 31, 2024, and 2023, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles. There were no disagreements with Marcum on accounting principles, practices, or audit scope during the relevant periods.
Consultations: The Company did not consult with CBIZ regarding accounting principles or audit opinions prior to engagement.
Confirmation: Marcum provided a letter dated May 2, 2025 (Exhibit 16.1), confirming agreement with the statements made in this report regarding the resignation and lack of disagreements.
Investor Verification Checklist
- Verify the transition timeline between Marcum LLP and CBIZ CPAs P.C. to ensure continuity in audit oversight.
- Review the letter from Marcum (Exhibit 16.1) to confirm no undisclosed disagreements exist.
- Monitor future filings for the first audit report issued by CBIZ for the fiscal year ending December 31, 2025.
- Note that this filing contains no new financial data; refer to the most recent 10-K or 10-Q for financial performance.