Business Context and Reporting Period
This Form 8-K is filed by Pineapple Energy Inc. (trading symbol: PEGY) on August 10, 2023. The filing addresses a change in the company's independent registered public accounting firm. The registrant is incorporated in Minnesota and its principal executive offices are located in Minnetonka, MN.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the transition of audit services.
Material Changes
- Previous Accountant: Baker Tilly US, LLP ("Baker Tilly") resigned as the independent registered public accounting firm effective April 28, 2023. However, the company re-engaged Baker Tilly on August 10, 2023, to complete the review of unaudited condensed consolidated financial statements for the quarter ended June 30, 2023.
- New Accountant: On August 10, 2023, the company engaged UHY LLP ("UHY") as its new independent registered public accounting firm for the fiscal year ending December 31, 2023, and the fiscal quarter ended September 30, 2023.
- Audit Committee Approval: The decision to engage UHY was approved by the Audit Committee of the Board of Directors.
Guidance, Outlook, and Risks
Disagreements and Reportable Events: The company confirmed there were no disagreements with Baker Tilly regarding accounting principles, financial statement disclosure, or auditing scope/procedures during the review of the June 30, 2023 financial statements. Additionally, no "reportable events" occurred.
Consultations with New Firm: Prior to the engagement date, neither the company nor anyone on its behalf consulted UHY regarding the application of accounting principles or the type of audit opinion that might be rendered. No written reports or oral advice were provided by UHY that were considered important factors in reaching decisions on accounting or auditing issues.
Management Commentary: The filing includes a letter from Baker Tilly (Exhibit 16.1) confirming their agreement with the company's disclosures regarding the lack of disagreements or reportable events.
Important Facts for Investor Verification
- Verify the filing of the Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, which was filed on August 14, 2023, to review the financial statements reviewed by Baker Tilly.
- Confirm the effective date of UHY LLP's engagement for the fiscal year ending December 31, 2023.
- Review Exhibit 16.1 (Letter from Baker Tilly US, LLP) attached to this filing for the auditor's formal confirmation of no disagreements.
- Note the discrepancy in the request metadata listing "Sunation Energy, Inc." versus the actual registrant name "Pineapple Energy Inc." found in the filing text.