Dragonfly Energy Holdings Corp.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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Item 14. Principal Accountant Fees and Services
Item 14. Principal Accounting Fees and Services
Audit Fees
On November 15, 2023, Marcum LLP (“Marcum”) was appointed as our independent registered public accounting firm. The aggregate fees billed, or reasonably expected to be billed, to us by Marcum for professional services rendered during the twelve months ended December 31, 2024, and 2023, are set forth in the table below:
| Fee Category | Twelve months ended December 31, 2024 | Twelve months ended December 31, 2023 |
|---|---|---|
| Audit fees (1) | $605,440 | $468,517 |
| Audit-related fees (2) | — | — |
| Tax fees (3) | — | — |
| All other fees (4) | — | — |
| Total Fees | $605,440 | $468,517 |
| (1) | Audit fees consist of fees incurred for professional services rendered for the audit of financial statements, for reviews of our interim consolidated financial statements included in our quarterly reports on Form 10-Q, and for services that are normally provided in connection with statutory or regulatory filings or engagements. |
| (2) | Audit-related fees consist of fees billed for professional services that are reasonably related to the performance of the audit or review of our financial statements but are not reported under “Audit fees.” |
| (3) | Tax fees consist of fees billed for professional services relating to tax compliance, tax planning, and tax advice. |
| (4) | All other fees consist of fees billed for services not associated with audit or tax. |
Pre-Approval Practices and Procedures
Our Audit Committee has established a policy governing our use of the services of our independent registered public accounting firm. The purpose of the Audit Committee is to assist the Board of Directors in fulfilling its responsibilities as it relates to our financial accounting, reporting and controls. The Audit Committee’s principal functions are to assist the Board of Directors in its oversight of:
| ● | the integrity of our accounting and financial reporting processes and the audits of our financial statements by our independent auditors (the “Independent Auditors”); |
| ● | the periodic reviews of the adequacy of the accounting and financial reporting processes and systems of internal control that are conducted by the Independent Auditors and our senior management; |
| ● | the independence and performance of the Independent Auditors; and |
| ● | our compliance with legal and regulatory requirements. |
In accordance with applicable laws, rules and regulations, our Audit Committee charter and pre-approval policies established by the Audit Committee require that the Audit Committee review in advance and pre-approve all audit and permitted non-audit fees for services provided to us by our independent registered public accounting firm. The services performed by, and the fees to be paid to, the Independent Auditors were preapproved by the Audit Committee.
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