Business Context and Reporting Period
Company: Algorhythm Holdings, Inc. (Ticker: RIME)
Filing Type: Form 8-K (Current Report)
Date of Report: June 2, 2025
Reporting Period: The filing reports on events occurring on June 2, 2025, specifically regarding the change of the independent registered public 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 corporate governance and accounting firm changes.
Material Changes Versus Prior Period
- Dismissal of Auditor: On June 2, 2025, the Company dismissed CBIZ CPAs P.C. as its independent registered public accounting firm, effective immediately. CBIZ was engaged on April 25, 2025, and did not issue an audit report.
- Engagement of New Auditor: On June 2, 2025, the Company engaged Berkowitz Pollack Brant, Advisors + CPAs as its new independent registered public accounting firm for the fiscal year ending December 31, 2025.
- Disagreements and Reportable Events: The Company reported no disagreements with CBIZ regarding accounting principles or auditing scope. The only "reportable event" noted was the existence of material weaknesses in internal control over financial reporting, previously disclosed in the Company's 2024 Form 10-K.
Guidance, Outlook, and Risks
Management Commentary: The Audit Committee of the Board of Directors approved the dismissal of CBIZ and the engagement of Berkowitz. No consultations regarding accounting principles or audit opinions were conducted with Berkowitz prior to the engagement.
Risks and Contingencies: The filing references previously disclosed material weaknesses in the Company's internal control over financial reporting as a reportable event during the period CBIZ was engaged. No new risks or unusual items were disclosed in this specific report.
Investor Verification Checklist
- Verify the reasons for the dismissal of CBIZ CPAs P.C. after only approximately six weeks of engagement.
- Review the Company's most recent Form 10-K (filed April 15, 2025) for details on the material weaknesses in internal controls over financial reporting.
- Confirm the status of the audit for the fiscal year ending December 31, 2025, now that a new auditor has been engaged.
- Check for any subsequent filings regarding the transition of audit responsibilities between CBIZ and Berkowitz.