Business Context and Reporting Period
Company: Super League Gaming, Inc. (SLGG)
Filing Type: Form 8-K (Current Report)
Date of Report: June 8, 2023
Reporting Period: Event-based report regarding a change in certifying accountant.
Key Financial Metrics
This filing does not contain specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses exclusively on the status of the company's external auditor.
Material Changes
- Change in Certifying Accountant: On June 8, 2023, Baker Tilly US, LLP informed the Company and its Board that it would not stand for re-election as the certifying accountant for the fiscal year ending December 31, 2023.
- Audit History: Baker Tilly's reports for fiscal years 2022 and 2021 did not contain adverse opinions, disclaimers, or qualifications regarding accounting principles or audit scope.
- Going Concern Note: The 2022 audit report included an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern.
- No Disagreements: The Company reported no disagreements with Baker Tilly on accounting principles, practices, or audit procedures during the two most recent fiscal years and the subsequent interim period.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms that no reportable events or disagreements occurred with the departing auditor. A letter from Baker Tilly agreeing with the Company's statements is filed as Exhibit 16.1.
Risks and Contingencies: The primary risk highlighted is the historical "substantial doubt about the Company's ability to continue as a going concern" noted in the 2022 audit report. The departure of the auditor may signal ongoing challenges in securing audit services or financial stability, though no specific new risks are detailed in this text.
Investor Verification Checklist
- Verify the appointment of a new independent registered public accounting firm for the fiscal year ending December 31, 2023.
- Review the Company's most recent 10-K or 10-Q filings to assess the current status of the "going concern" warning issued in 2022.
- Confirm whether the departure of Baker Tilly was due to audit scope limitations, fee disputes, or other undisclosed factors not covered in the standard "no disagreement" disclosure.
- Monitor subsequent filings for any restatements or changes in financial reporting standards resulting from the auditor transition.