XSUNX, INC. (OTCMKTS:XSNX) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01           Change in Registrant’s Certifying Accountant.

            (a)           Dismissal of Independent Accountants

           On November 18, 2019 (the “Dismissal Date”) the Board of Directors, after careful consideration and review of independent registered public accounting firms, determined that it is in the best interests of the Company to dismiss Liggett & Webb, P.A. (“LW”) as the independent registered public accounting firm for XsunX, Inc. (the “Company”).

The reports of LW on the Company’s financial statements for the two most recent fiscal years did not contain an adverse or disclaimer of opinion and were not qualified or modified as to audit scope, or accounting principles. 

During the two most recent fiscal years and through the Dismissal Date, there were (i) no disagreements between the Company and LW on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreement, if not resolved to the satisfaction of LW, would have caused LW to make reference thereto in their reports on the consolidated financial statements for such years, and (ii) no “reportable events” as that term is defined in Item 304(a)(1)(v) of Regulation S-K.

The Company provided LW with a copy of this Form 8-K and requested that LW furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not LW agrees with the above statements. A copy of such letter, dated November 18, 2019, is attached as Exhibit 16.1.

During the Company’s two most recent fiscal years and in the subsequent interim period through the Dismissal Date, the Company has not consulted with LW 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 consolidated financial statements, and neither a written report nor oral advice was provided to the Company that LW concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K).

            (b)          Appointment of New Independent Accountants

Effective as of November 18, 2019, the board of directors of the Registrant unanimously approved the engagement of M&K CPAS, PLLC, Houston, Texas, (“MK”) as its principal independent registered public accounting firm to audit the Registrant’s financial statements. The Registrant did not consult MK on any matters described in Item 304(a)(2) of Regulation S-K during the Registrant’s two (2) most recent fiscal years or any subsequent interim period prior to engaging MK.

Item 9.01           Financial Statements and Exhibits.

(a)       Not applicable.

(b)       Not applicable.

(c)       Not applicable.

(d)       Not applicable.

XSUNX INC Exhibit
EX-16.1 2 ex_165334.htm EXHIBIT 16.1 ex_165334.htm Exhibit 16.1   November 18,…
To view the full exhibit click here

About XSUNX, INC. (OTCMKTS:XSNX)

XsunX, Inc., formerly Sun River Mining Inc., is a development-stage company. The Company is a solar and energy saving technologies provider. The Company is involved in the sale, design and installation of solar photovoltaic power generation, and energy saving technologies. The Company’s technology, CIGSolar, focuses on the mass production of individual thin-film Copper Indium Gallium (di) Selenide (CIGS) solar cells. It installs solar panels each year offering residential and commercial clients solar roof-top and carport system design and installation, battery back-up, light emitting diode lighting upgrades, and technologies for consumption tracking and control. It purchases components, such as solar panels, inverters and solar module mounting hardware directly from manufacturers and supply houses. The Company provides its customers with facility wide monitoring of both solar energy generation and facility wide energy consumption.