2. PROPOSAL TO RATIFY SELECTION OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTANTS
The Board of Directors will recommend at the Annual Meeting that the stockholders ratify the appointment of the firm of BDO USA, LLP to audit
the accounts of the Company for the current fiscal year. Representatives of that firm are expected to be present at the Meeting, have the opportunity to make a statement, if they desire to do so, and be available to respond to appropriate questions.
BDO USA, LLP was recommended by the Audit Committee and the Board of Directors as the independent registered public accountants for fiscal year 2021.
In connection with the audits for the years ended April 30, 2020 and 2019, the Company has had no disagreements with BDO USA, LLP 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 BDO USA, LLP would have caused it to make reference thereto in its report on the
consolidated financial statements for 2020 and 2019.
The ratification of the selection of auditors requires an affirmative vote by holders
of a majority of the shares present at the Meeting in person or by proxy and entitled to vote. Broker Non-Votes, while considered present at a meeting and included in the determination of whether a quorum
exists, are not considered entitled to vote. Thus, Broker Non-Votes will have no effect on this proposal. Abstentions will have the same effect as negative votes.
The Board of Directors recommends that you vote in favor of ratification of the selection of BDO USA, LLP as the Companys registered
public accountants for the fiscal year ending April 30, 2021.
AUDIT FEES AND AUDIT RELATED FEES
FISCAL YEARS 2020 AND 2019 AUDIT FIRM FEE SUMMARY
During fiscal years 2020 and 2019, the Company retained BDO USA, LLP as its auditor to provide services as defined below. The following amounts
were charged by BDO USA, LLP for services provided in fiscal years 2020 and 2019.
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2020
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2019
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Audit Fees
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$
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356,050
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$
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302,692
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Fees for audit services billed in 2020 and 2019 consisted of:
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Audit of the Companys annual financial statements and reviews of quarterly financial statements
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There were no other fees charged by BDO USA, LLP in fiscal years 2020 and 2019.
As described in the Audit Committee Charter, it is the Audit Committees policy and procedure to review, consider, and ultimately pre-approve, where appropriate, all audit and non-audit engagement services to be performed by the registered public accountants. The Audit Committee pre-approved 100% of the services associated with the fees described above.
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