Power REIT Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Power REIT on January 21, 2015. The report addresses a change in the Company's independent registered public accounting firm.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance updates regarding the auditor.
Material Changes
- Resignation of Prior Auditor: CohnReznick LLP ("CRZ") resigned as the Company's independent registered public accounting firm, as previously disclosed on November 14, 2014.
- Engagement of New Auditor: The Audit Committee approved the engagement of MaloneBailey, LLP ("MB") on December 19, 2014, for the fiscal year ending December 31, 2014. The engagement was completed on January 20, 2015.
- Consultation History: During the fiscal years ended December 31, 2014, 2013, and 2012, and the interim period prior to engagement, the Company did not consult MB regarding accounting principles, audit opinions, disagreements, or reportable events.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on financial performance, or specific risk factors beyond the standard disclosure of the auditor change.
Key Facts for Investor Verification
- Verify the effective date of MaloneBailey, LLP's engagement (January 20, 2015).
- Confirm the reasons for CohnReznick LLP's resignation in the prior November 14, 2014 filing.
- Review the upcoming 2014 Annual Report (10-K) to ensure it is audited by MaloneBailey, LLP.