Business Context and Reporting Period
Company: Generation Income Properties, Inc. (GIPR)
Filing Type: Form 8-K (Current Report)
Date of Report: July 25, 2024
Event Date: July 19, 2024
Context: The filing reports a change in the Company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not reported in this document.
Material Changes
- Dismissal of Auditor: MaloneBailey LLP was dismissed as the independent registered public accounting firm effective July 19, 2024.
- Appointment of New Auditor: CohnReznick LLP was appointed as the new independent registered public accounting firm effective July 19, 2024.
- Board Approval: The decision was approved by the Board of Directors and the Audit Committee on July 19, 2024.
Management Commentary, Risks, and Contingencies
- No Disagreements: The Company states there were no disagreements with MaloneBailey regarding accounting principles, financial statement disclosure, or auditing scope/procedures during the fiscal years ended December 31, 2023 and 2022, or the subsequent period through the report date.
- No Reportable Events: The Company confirms there were no "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K.
- Consultation with New Auditor: The Company did not consult with CohnReznick regarding accounting principles or audit opinions during the fiscal years ended December 31, 2023 and 2022, or the interim period through June 30, 2024.
- Exhibits: Letters from both MaloneBailey LLP and CohnReznick LLP addressed to the SEC are filed as Exhibits 16.1 and 16.2, respectively.
Investor Verification Checklist
- Verify the content of the letter from MaloneBailey LLP (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Verify the content of the letter from CohnReznick LLP (Exhibit 16.2) regarding their appointment.
- Monitor future filings (10-Q or 10-K) for the first financial statements audited or reviewed by CohnReznick LLP.
- Review the Company's subsequent press releases or 8-K filings for any additional context regarding the auditor change not disclosed in this report.