Business Context and Reporting Period
This Form 8-K Current Report is filed by Milestone Scientific Inc. (NYSE American: MLSS), a Delaware corporation, on April 22, 2025. The report addresses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly procedural regarding the change in auditors.
Material Changes
- Resignation of Former Auditor: Marcum LLP resigned as the Company's independent registered public accounting firm effective April 22, 2025.
- Engagement of New Auditor: CBIZ CPAs P.C. was engaged to serve as the independent registered public accounting firm for the fiscal year ending December 31, 2025, effective immediately.
- Background: CBIZ CPAs acquired the attest business of Marcum LLP effective November 1, 2024. Marcum continued to serve the Company until the date of this report.
Guidance, Outlook, and Risks
Audit Opinions and Disagreements:
- Marcum's reports on the consolidated financial statements 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 between the Company and Marcum during the two most recent fiscal years and the interim period through April 22, 2025, regarding accounting principles, financial statement disclosure, or auditing scope.
- No "reportable events" occurred during the same periods.
Consultations: Neither the Company nor anyone on its behalf consulted with CBIZ CPAs regarding accounting principles, audit opinions, disagreements, or reportable events prior to the engagement.
Investor Verification Checklist
- Verify the transition timeline between Marcum LLP and CBIZ CPAs P.C. to ensure continuity of audit services.
- Review the attached Exhibit 16.1 (Letter from Marcum LLP) for any additional context regarding the resignation.
- Confirm that the Audit Committee of the Board of Directors formally approved the engagement of CBIZ CPAs.
- Note that the filing does not disclose any financial performance data; refer to the most recent 10-K or 10-Q for financial metrics.