Aterian, Inc.
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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FY2024 · Filed Mar 25, 2025
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Item 14. Principal Accounting Fees and Services
On June 26, 2024, the Audit Committee of the Board of Directors of Aterian, Inc. (the "Company") approved the dismissal of Deloitte & Touche LLP (“Deloitte”) as the Company's independent registered public accounting firm and engaged UHY LLP (“UHY”) as the Company's independent registered public accounting firm.
The following table represents aggregate fees billed to us for the fiscal years-ended December 31, 2023 and December 31, 2024 by Deloitte and UHY, our independent registered public accounting firms for such periods. All fees described below were approved by the Audit Committee.
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2024 | |
| Audit Fees(1) | $979,611 | $678,764 |
| Tax Fees(2) | 65,500 | 48,675 |
| Total Fees | $1,045,111 | $727,439 |
| (1) | Audit fees consist of actual fees for professional services performed by Deloitte & Touche LLP and UHY LLP for the audit of our 2023 and 2024 annual financial statements and the review of quarterly financial statements for 2023 and 2024. For the year ended December 31, 2024, we incurred $90,514 in audit fees related to professional services performed by Deloitte & Touche LLP and $528,250 in audit fees related to professional services performed by UHY LLP. For the year ended December 31, 2023, all audit fees incurred were related to professional services performed by Deloitte & Touche LLP. Audit fees also include $60,000 of 2024 fees for professional services performed by Deloitte & Touche LLP for reviews of registration statements and issuances of consents, comfort letters and services that are normally provided in connection with regulatory filings or engagements. No such fees were incurred during 2023. |
| (2) | Consists of fees for tax compliance and consulting performed by Deloitte & Touche LLP. |
Audit Committee’s Pre-Approval Policies and Procedures
The Audit Committee has adopted a policy for the pre-approval of audit and non-audit services rendered by our independent registered public accounting firm, UHY LLP. The policy generally allows for pre-approval of specified services in the defined categories of audit services, audit-related services and tax services up to specified amounts. Pre-approval may also be given as part of the Audit Committee’s approval of the scope of the engagement of the independent registered public accounting firm or on an individual case-by-case basis before the independent registered public accounting firm is engaged to provide each service. The pre-approval of services may be delegated to one or more of the Audit Committee’s members, but the decision must be reported to the full Audit Committee at its next scheduled meeting. By the adoption of this policy, the Audit Committee has delegated the authority to pre-approve services to the Chairperson of the Audit Committee, subject to certain limitations.
The Audit Committee has determined that the rendering of the services other than audit services by UHY LLP is compatible with maintaining the independent registered public accounting firm’s independence.
PART IV
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