Business Context and Reporting Period
This Form 6-K filing by Infobird Co., Ltd. covers the month of May 2024, with the report signed on June 3, 2024. The filing primarily addresses a change in the Company's independent registered public accounting firm.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on auditor transition details rather than financial performance data.
Material Changes
- Discontinuation of Services: The Company dismissed WWC, P.C. Certified Public Accountants effective May 31, 2024.
- Appointment of New Auditor: Audit Alliance LLP was appointed as the successor auditor effective May 31, 2024, to audit consolidated financial statements for fiscal years ended December 31, 2023 and 2021.
- Audit History: WWC's reports for fiscal years ended December 31, 2022, and 2023 did not contain adverse opinions or disclaimers, except for an expression of doubt regarding the Company's ability to continue as a going concern.
- Disagreements: There were no disagreements with WWC on accounting principles, practices, or auditing scope during the two most recent fiscal years and through May 31, 2024.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of future risks beyond the context of the auditor change. The Company confirmed there were no "reportable events" as defined in Item 16F(a)(1)(v) of Form 20-F for the relevant periods. No consultations with the new auditor regarding reportable events occurred prior to their appointment.
Key Facts for Investor Verification
- Verify the reasons behind the dismissal of WWC, P.C. and the appointment of Audit Alliance LLP.
- Review the specific nature of the "going concern" doubt expressed by WWC in prior reports.
- Confirm the scope of Audit Alliance LLP's engagement, specifically regarding the fiscal years 2021 and 2023.
- Check Exhibit 16.1 for the letter from WWC, P.C. regarding their agreement with the Company's disclosure.