Business Context and Reporting Period
This Form 8-K Current Report is filed by Toppoint Holdings Inc. (Nevada corporation, trading symbol: TOPP on NYSE American) on April 22, 2025. The report addresses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
The filing does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses exclusively on the administrative change of auditors.
Material Changes
- Dismissal of Former Auditor: The Audit Committee approved the immediate dismissal of TAAD, LLP as the independent registered public accounting firm.
- Appointment of New Auditor: The Audit Committee approved the appointment of Golden Eagle CPAs LLC as the new independent registered public accounting firm for the fiscal year ending December 31, 2025, subject to client acceptance procedures.
- Audit History: TAAD's reports for the years ended December 31, 2023, and 2024 contained no adverse opinions, disclaimers, or qualifications.
Management Commentary, Risks, and Contingencies
- Disagreements: There were no disagreements with TAAD regarding accounting principles, financial statement disclosure, or auditing scope/procedures during the relevant periods.
- Reportable Events: No reportable events occurred except for significant deficiencies in internal control over financial reporting previously disclosed in the 2024 Annual Report (Form 10-K).
- Specific Deficiency: The Company identified a lack of robust and formal financial reporting policies and procedures to address SEC disclosure requirements as of December 31, 2024.
- Consultation with New Auditor: No consultations occurred with Golden Eagle CPAs LLC regarding accounting principles or audit opinions prior to their appointment.
Investor Verification Checklist
- Verify the status of the significant deficiencies in internal controls regarding SEC disclosure requirements disclosed in the 2024 10-K.
- Confirm the completion of Golden Eagle CPAs LLC's client acceptance procedures to ensure the appointment is finalized.
- Review the letter from TAAD, LLP (Exhibit 16.1) to confirm their agreement with the Company's disclosures regarding the dismissal.
- Monitor future filings for the first financial statements audited by the new firm for the fiscal year ending December 31, 2025.