Business Context and Reporting Period
The Original Bark Company filed this Form 8-K on June 21, 2021, reporting events occurring on June 17, 2021. The filing concerns a change in the company’s independent registered public accounting firm and relates to the audit of the year ended March 31, 2022. The company is an emerging growth company.
Key Financial Metrics
This filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating and financial metrics. It references audited financial statements for the year ended March 31, 2021 and financial statements for the period from July 8, 2020 through March 31, 2021, but does not present their amounts.
Material Changes Versus the Prior Comparable Period
- On June 17, 2021, the Audit Committee dismissed Marcum LLP as the company’s independent registered public accounting firm.
- Marcum’s report on the financial statements for the year ended March 31, 2021 contained no adverse opinion, disclaimer, qualification, or modification related to uncertainty, audit scope, or accounting principles.
- The company stated that there were no disagreements with Marcum regarding accounting principles, financial statement disclosures, or audit scope and procedures, and no reportable events, from July 8, 2020 through June 17, 2021.
- Deloitte & Touche LLP was appointed as the new independent registered public accounting firm for the year ending March 31, 2022. Deloitte had served as Barkbox, Inc.’s auditor before the business combination.
Guidance, Outlook, Risks, Contingencies, and Unusual Items
The filing provides no financial guidance or operating outlook. It reports no auditor disagreements or reportable events. The auditor transition is the principal unusual corporate event disclosed. Marcum was asked to provide the SEC with a letter addressing whether it agrees with the company’s disclosures; that letter was filed as Exhibit 16.1.
Important Facts for Investors to Verify
- Review Marcum’s Exhibit 16.1 letter for any qualification or disagreement with the company’s disclosure regarding the auditor change.
- Review the company’s audited financial statements for the year ended March 31, 2021 for actual revenue, profitability, cash flow, debt, liquidity, and accounting details.
- Confirm Deloitte’s role and the scope of its audit for the year ending March 31, 2022.
- Consider the timing of the auditor change in the context of the company’s business combination and transition from Barkbox, Inc. to the reporting registrant.