2050 MOTORS, INC. (OTCMKTS:ETFM) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 (Changes in Registrant’s Certifying Accountant). Because each such Form 8-K did not provide adequate information in conformity with Item 4.01, we are providing the information required under Item 4.01 in this Form 8-K amendment.
ITEM 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT
Previous Independent Accountants
On February 27, 2019, Farber, Hass, Hurley LLP (“Farber”) of Chatsworth, California resigned as our independent registered public accounting firm. The Dismissal was approved by our Board of Directors. The resignation was not due to any disagreements with Farber regarding any matter of accounting principles or practices, financial statement disclosures, audit scope, or audit procedure. Farber issued reports for our fiscal years ending December 31, 2017, 2016, 2015, 2014, 2013 and 2012. The Reports did not contain an adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles, except that all such reports contained statements indicating there is substantial doubt about our ability to continue as a going-concern. For the past two fiscal years and subsequent interim periods though the date of resignation, there have been no disagreements with the former accountants, Farber, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Farber, would have caused them to make reference thereto in their report on the financial statements. During the two most recent fiscal years and the interim period through the date of their resignation, there have been no reportable events, as that term is defined in Item 304(a)(1)(v) of Regulation S-K. We have provided Farber with a copy of the disclosure made in response to this Item 4.01 and have requested that Farber provide a letter addressed to the Securities & Exchange Commission confirming their agreement with the disclosure contained herein. to our request, Farber has provided the letter attached hereto as Exhibit 16.1.
New Independent Accountants
On March 7, 2019, our Board of Directors appointed Boyle CPA, LLC of Bayville, New Jersey (“Boyle”) as our independent registered public accounting firm, to audit our financial statements for the year ended December 31, 2018. During our two most recent fiscal years and the subsequent interim periods preceding their appointment as independent accountants, neither we nor anyone on our behalf consulted Boyle 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 of our financial statements, nor has Boyle provided to us with a written report or oral advice regarding such principles or audit opinion.
ITEM 9.01 Financial Statements and Exhibits.
|Exhibit 16.1||Letter to SEC from Farber.|
2050 MOTORS, INC. Exhibit
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About 2050 MOTORS, INC. (OTCMKTS:ETFM)
2050 Motors, Inc. is a development-stage company. The Company’s principal activity is the importation and the marketing and selling of electric automobiles. The Company has an exclusive license to import, market and sell in the United States, Puerto Rico, the United States Territories and Peru, the e-Go lightweight carbon fiber all-electric vehicle design and electric light truck, manufactured by Jiangsu Aoxin New Energy Automobile Co., LTD (Aoxin Automobile) located in the Peoples Republic of China. Aoxin Automobile develops and manufactures a lightweight, carbon fiber e-Go EV electric car (e-Go EV). The Company focuses on importing vehicles completely fabricated and assembled in China from Aoxin Automobile. The Company has not generated any revenues.