SEC Filing Summary: Point Capital, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Point Capital, Inc. on January 22, 2019, covering events occurring on January 17, 2019. The filing addresses a change in the company's independent registered public accounting firm. Note: While the request metadata references "Silo Pharma, Inc.", the filing text explicitly identifies the registrant as Point Capital, Inc.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Dismissal of Auditor: Friedman LLP was dismissed as the independent registered public accounting firm effective January 17, 2019.
- Appointment of New Auditor: Salberg & Company, P.A. was engaged as the new independent registered public accounting firm on January 17, 2019.
- Audit History: The reports issued by Friedman LLP for the years ended December 31, 2017, and 2016, were unqualified and contained no adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
- Disagreements: The company reported no disagreements with Friedman LLP on accounting principles, practices, or auditing procedures during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future performance. No risks or contingencies related to financial operations were disclosed in this specific report. The company confirmed that no reportable events occurred during the tenure of the former auditor.
Investor Verification Checklist
- Verify the letter from Friedman LLP (Exhibit 16.1) to confirm their agreement with the company's disclosures regarding the dismissal.
- Confirm the engagement terms and scope of the new auditor, Salberg & Company, P.A.
- Review subsequent filings to ensure the transition of audit responsibilities did not impact the timeliness or accuracy of future financial reporting.
- Check for any prior undisclosed disagreements or reportable events that may have influenced the change in auditors.