Current Report Filing (8-k)
March 09 2017 - 6:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) off
The Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported):
February 16, 2017
FLITWAYS TECHNOLOGY INC.
(Exact name of registrant as specified
in charter)
Nevada
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000-55316
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N/A
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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400 Corporate Pointe, Suite
300
Culver City, California
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90230
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(Address of principal executive offices)
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(Zip Code)
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(855) 710-0915
Registrant’s telephone number
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
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Item 4.01
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Changes in Registrant's Certifying Accountant.
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(a)
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On February 16, 2017, FlitWays Technology Inc. (formerly known “Cataca Resources Inc.” or the "Company")
dismissed its independent registered public accounting firm, Squar Milner LLP (the “Former Accountant”). The Company's
decision to dismiss the Former Accountant was approved by its Board of Directors on March 1, 2017.
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The reports of the Former Accountant on Flitways
Technology Inc.’s (“Flitways”) financial statements for the years ended December 31, 2015 and 2014 (which became
part of the Company’s Form 8-K upon Flitways’ reverse merger into the Company on October 17, 2016)contained no adverse
opinion or disclaimer of opinion and were modified as to uncertainty regarding Flitways’ ability to continue as a going concern.
The Former Accountant identified several control
deficiencies which were deemed to be material weaknesses in the Company’s internal control by the Former Accountant. The
material weaknesses identified were the following:
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·
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Inadequate design of internal control
over the preparation of the financial statements being audited.
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·
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Inadequate design of internal control
over a significant account or process.
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·
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Inadequate documentation of the components
of internal control.
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·
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Insufficient control consciousness within
the Company.
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·
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Failure to identify material misstatement
and assessing the risk of material misstatement.
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·
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Ineffective response to identified significant
risks.
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·
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Absence of segregation of duties within
a significant account or process.
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·
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Absence of controls over the safeguarding
of assets.
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·
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Inadequate design of information technology
(IT) general and application controls that prevent the information system from providing complete and accurate information consistent
with financial reporting objectives and current needs.
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·
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Lack of the qualifications and training
to fulfill accounting functions.
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·
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Inadequate design of monitoring controls
used to assess the design and operating effectiveness of the Company’s internal control over time.
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·
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Absence of a risk assessment process within
the Company.
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Since October 27, 2016 (the date of appointment
of the Former Accountant) through to February 16, 2017, the date of dismissal, there have been no disagreements with the Former
Accountant on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure,
which disagreements, if not resolved to the satisfaction of the Former Accountant, would have caused the Former Accountant to make
reference thereto in its report on the Company’s financial statements.
The Company has requested that the Former Accountant
furnish it with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements.
The requested letter is attached as Exhibit 16.1 to this Form 8-K.
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(b)
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Effective March 3, 2017, the Company engaged Rose, Snyder & Jacobs LLP (“Rose, Snyder & Jacobs”) to serve
as the Company’s new independent registered public accounting firm. The engagement of Rose, Snyder & Jacobs as the Company’s
new independent registered public accounting firm was approved by the Company’s Board of Directors. Neither the Company,
nor anyone on its behalf, consulted Rose, Snyder & Jacobs during the Company’s two most recent fiscal years and any subsequent
interim period prior to the Company’s engagement of Rose, Snyder & Jacobs regarding any of the matters set forth in Items
304(a)(2)(i) and (ii) of Regulation S-K.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit
Number Description
16.1
Letter from Squar Milner LLP dated
March 8, 2017 regarding change in certifying accountant
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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FLITWAYS TECHNOLOGY INC.
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Date: March 8, 2017
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By:
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/s/ Tobi Mac Aro
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Tobi Mac Aro, President
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