Business Context and Reporting Period
Company: Retractable Technologies, Inc. (RVP)
Filing Type: Form 8-K (Current Report)
Date of Report: June 2, 2025
Reporting Period: The filing addresses events occurring on June 2, 2025, and references audit periods ending December 31, 2024, and 2023.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is a disclosure regarding a change in the company's independent registered public accounting firm.
Material Changes
- Accountant Change: Moss Adams LLP, the Company's independent registered public accounting firm, merged with Baker Tilly US, LLP effective June 3, 2025.
- Resignation and Appointment: Moss Adams has resigned as the auditor. The Audit Committee approved the appointment of Baker Tilly US, LLP as the successor independent registered public accounting firm.
- Audit History: Audit reports for the years ended December 31, 2024, and 2023, and the three-year period ended December 31, 2024, contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
- Disagreements: There were no disagreements with Moss Adams on accounting principles, practices, disclosures, or audit scope/procedures during the referenced periods.
- Consultations: The Company did not consult with Baker Tilly regarding accounting applications or potential audit opinions prior to this appointment.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of operational risks. The primary contingency noted is the transition of audit services from Moss Adams to Baker Tilly following a merger. The filing confirms that Moss Adams agreed with the statements made in the report regarding the change, as evidenced by a letter dated June 6, 2025, filed as Exhibit 16.
Investor Verification Checklist
- Verify the effective date of the merger between Moss Adams LLP and Baker Tilly US, LLP (June 3, 2025).
- Confirm the appointment of Baker Tilly US, LLP as the new independent auditor via the Audit Committee approval.
- Review Exhibit 16 (Moss Adams' letter to the Commission) to ensure no undisclosed disagreements exist.
- Monitor future filings for the first audit report issued by Baker Tilly US, LLP.