Business Context and Reporting Period
Company: Paysign, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: June 3, 2025
Reporting Period: Event-based report regarding a change in the registrant's certifying accountant.
Key Financial Metrics
This filing does not contain financial performance data. No revenue, profit, cash flow, margins, debt, or liquidity metrics are reported in this document.
Material Changes
The primary material change disclosed is the transition of the company's independent registered public accounting firm:
- Resignation: Moss Adams LLP resigned as the independent auditor effective June 3, 2025.
- Appointment: Baker Tilly US, LLP was appointed as the successor independent auditor effective June 3, 2025.
- Reason: The change resulted from the merger of Moss Adams LLP with Baker Tilly US, LLP.
- Audit History: Audit reports for the years ended December 31, 2024, and 2023, were unqualified (no adverse opinions, disclaimers, or modifications).
- Disagreements: No disagreements or reportable events occurred between the company and Moss Adams during the relevant periods.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms that the Audit Committee approved the appointment of Baker Tilly. The company confirmed no consultations with Baker Tilly regarding accounting principles or potential disagreements prior to the appointment.
Risks and Contingencies: No new risks or contingencies are disclosed in this filing. The transition is presented as a standard administrative change due to a firm merger.
Investor Verification Checklist
- Verify the effective date of the auditor transition (June 3, 2025).
- Confirm the identity of the new auditor (Baker Tilly US, LLP).
- Review the attached letter from Moss Adams LLP (Exhibit 16.1) for any dissenting statements regarding the change.
- Check subsequent filings for the first audit report issued by Baker Tilly.