ITEM
4.01
CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT.
(a)
Dismissal of Independent Accountant.
On June 2, 2017, we dismissed MaloneBailey, LLP as our
company’s independent registered public accounting firm. The dismissal of
MaloneBailey, LLP was approved by our company’s board of directors.
MaloneBailey, LLP’s report on our company’s financial
statements for the fiscal years ended April 30, 2016 and April 30, 2015 did not
contain an adverse opinion or disclaimer of opinion, or qualification or
modification as to uncertainty, audit scope, or accounting principles, except
that such report on our company’s financial statements contained an explanatory
paragraph in respect to the substantial doubt about our ability to continue as a
going concern.
During our company’s fiscal years ended April 30, 2016 and
April 30, 2015 and in the subsequent interim period through the date of
dismissal, there were no disagreements, resolved or not, with MaloneBailey, LLP
on any matter of accounting principles or practices, financial statement
disclosure, or audit scope and procedures, which disagreement, if not resolved
to the satisfaction of MaloneBailey, LLP, would have caused MaloneBailey, LLP to
make reference to the subject matter of the disagreement in connection with a
report on our financial statements.
Except as disclosed below, during our company’s fiscal years
ended April 30, 2016 and April 30, 2015 and in the subsequent interim period
through the date of dismissal, there were no reportable events as described in
Item 304(a)(1)(v) of Regulation S-K.
In connection of the audit of our financial statements as of
and for the years ended April 30, 2016 and April 30, 2015 and the review of our
financial statements as of and for the nine month period ended January 31, 2017,
MaloneBailey LLP advised us that it had identified the following control
deficiencies to be material weaknesses:
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inadequate segregation of duties and effective risk assessment; and
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insufficient written policies and procedures for accounting and financial
reporting with respect to the requirements and application of both US GAAP and
SEC guidelines.
We agreed with MaloneBailey, LLP on these matters.
We provided MaloneBailey, LLP with a copy of this current
report on Form 8-K prior to its filing with the Securities and Exchange
Commission, and requested that it furnish us with a letter addressed to the
Securities and Exchange Commission stating whether it agrees with the statements
made in this current report on Form 8-K, and, if not, stating the respects with
which it does not agree. A copy of such letter, dated June 12, 2017, is filed as
Exhibit 16.1 to this current report on Form 8-K.
(b)
Engagement of Independent Registered Public Accounting Firm.
On June 2, 2017, we appointed Dale Matheson Carr-Hilton LaBonte
LLC (“DMCL”) as our company’s independent registered public accounting firm. The
appointment of DMCL was approved by our company’s board of directors.
During our company’s fiscal years ended April 30, 2016 and
April 30, 2015 and in the subsequent interim period through the date of
appointment of DMCL, we have not consulted with DMCL regarding either the
application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
our financial statements, nor has DMCL provided to our company a written report or oral advice that DMCL concluded was
an important factor considered by our company in reaching a decision as to the
accounting, auditing or financial reporting issue. In addition, during such
periods, our company has not consulted with DMCL regarding any matter that was
either the subject of a disagreement (as defined in Item 304(a)(1)(iv) and the
related instructions) or a reportable event (as described in Item 304(a)(1)(v)
of Regulation S-K).
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