Beam Global Form 8-K Summary
Business Context and Reporting Period
Beam Global (BEEM), a Nevada corporation, filed this Current Report on Form 8-K on April 24, 2025. The filing addresses a change in the Company's independent registered accounting firm.
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 the external auditor.
Material Changes
- Resignation of Auditor: Marcum LLP resigned as the Company's independent registered accounting firm effective April 24, 2025.
- Appointment of New Auditor: CBIZ CPAs P.C. was engaged as the new independent registered public accounting firm, effective immediately, for the fiscal year ending December 31, 2025.
- Background: CBIZ CPAs acquired the attest business of Marcum on November 1, 2024.
Management Commentary, Risks, and Contingencies
- Audit Opinions: Marcum's reports for the years ended December 31, 2024, and 2023 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements between the Company and Marcum on accounting principles, practices, or auditing procedures.
- Reportable Events: No reportable events occurred, except for material weaknesses in internal control over financial reporting previously disclosed in the Company's 2024 and 2023 Form 10-K filings.
- Consultations: The Company did not consult CBIZ CPAs regarding accounting principles or audit opinions prior to engagement.
Investor Verification Checklist
- Verify the status of the previously disclosed material weaknesses in internal controls over financial reporting.
- Review the letter from Marcum LLP (Exhibit 16.1) to confirm their agreement with the statements regarding the resignation.
- Monitor future filings for the appointment of a new lead audit partner from CBIZ CPAs.
- Confirm that the transition does not impact the timing of the upcoming fiscal year-end audit.