Business Context and Reporting Period
Company: WRAP TECHNOLOGIES, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: May 7, 2024
Reporting Period: The filing addresses the appointment of a new auditor effective May 7, 2024, for the fiscal year ended December 31, 2023.
Key Financial Metrics
This filing does not contain financial performance data. The document does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
Change in Certifying Accountant:
- The Audit Committee engaged HTL International, LLC ("HTL") as the new independent registered public accounting firm.
- The engagement is effective May 7, 2024.
- HTL will prepare the audit report for the consolidated financial statements for the fiscal year ended December 31, 2023.
Guidance, Outlook, and Risks
Consultation History:
- The Company confirms no consultations occurred with HTL regarding accounting principles or audit opinions during the fiscal years ended December 31, 2022 and 2021, or the interim period through May 7, 2024.
- No written reports or oral advice were provided by HTL that were considered important factors in accounting or financial reporting decisions.
- No "disagreements" or "reportable events" as defined in Regulation S-K Item 304(a)(1) occurred between the Company and HTL during the specified periods.
Investor Verification Checklist
- Verify the identity and credentials of the new auditor, HTL International, LLC.
- Review the upcoming 10-K filing for the fiscal year ended December 31, 2023, to confirm the audit opinion issued by HTL.
- Check for any subsequent filings explaining the rationale for replacing the previous auditor, as this 8-K only details the appointment.