On June 7, 2019, Board of Directors of the Company accepted the resignation of MaloneBailey, LLP (“MaloneBailey") as the Company’s independent registered public accounting firm.
Concurrent with this action, Board of Directors of the Company ratified and approved the appointment of Boyle CPA, LLC (“Boyle”) as the Company’s independent registered public accounting firm for the quarter ending September 30, 2017 to date and its engagement agreement dated June 7, 2019. Boyle is located at 361 Hopedale Drive SE, Bayville, New Jersey 08721.
The Company’s financial statements for the fiscal years ended December 31, 2016 were audited by MaloneBailey which did not contain an adverse opinion, a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended December 31, 2015 and through June 7 2, 2019, (a) there were no disagreements with Malone Bailey on any matter of accounting principles or practices, financial statement disclosure, auditing scope or procedure, which disagreements, if not resolved to the satisfaction of MaloneBailey, would have caused it to make reference to the subject matter of the disagreement in connection with its report on the financial statements for such years and (b) there were no “reportable events” as described in Item 304(a)(1)(v) of Regulation S-K.
The Company has provided Malone Bailey with a copy of this Form 8-K prior to its filing with the Securities and Exchange Commission (“SEC”) and requested MaloneBaileye to furnish a letter addressed to the SEC stating whether it agrees with the statements made above. To be filed herewith as Exhibit 16.1 is a copy of Malone Bailey letter to the SEC dated June 7, 2019.
During the Company's previous fiscal years ended December 31, 2005 through June 7, 2019, neither the Company nor anyone on the Company's behalf consulted with MaloneBailey regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements or (ii) any matter that was either the subject of a disagreement or a reportable event as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has authorized MaloneBailey to respond fully to all inquiries from Boyle.