Business Context and Reporting Period
This Form 8-K Current Report is filed by Paltalk, Inc. (trading symbol: PALT) on March 18, 2024. The report addresses a change in the company's independent registered public accounting firm. The registrant is incorporated in Delaware and maintains its principal executive offices in Jericho, NY.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly procedural regarding the appointment and dismissal of auditors.
Material Changes
- Dismissal of Previous Auditor: On March 18, 2024, the Audit Committee dismissed Marcum LLP as the independent registered public accounting firm, effective immediately.
- Appointment of New Auditor: On March 18, 2024, the Audit Committee engaged Grassi & Co., CPAs, P.C. as the new independent registered public accounting firm for the fiscal year ending December 31, 2024, effective immediately.
- Audit History: Marcum LLP's reports for the fiscal years ended December 31, 2022, and 2023, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: The company reported no "disagreements" or "reportable events" with Marcum LLP during the two most recent fiscal years or the interim period through March 18, 2024.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on business outlook, or discussion of specific risks or contingencies beyond the standard disclosure regarding the auditor change. The company confirmed that no consultations were held with the new auditor, Grassi & Co., regarding accounting principles or audit opinions prior to their engagement.
Investor Verification Checklist
- Verify the content of the letter from Marcum LLP (Exhibit 16.1) to confirm their agreement with the company's statements regarding the dismissal.
- Monitor future filings to assess the transition of audit responsibilities to Grassi & Co., CPAs, P.C.
- Review the company's next quarterly or annual report to ensure the new auditor's opinion on the financial statements.
- Confirm that no undisclosed disagreements or reportable events exist that were not captured in this 8-K filing.