Bravatek Solutions, Inc. (OTCMKTS:BVTK) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01. Changes in Registrant’s Certifying Accountant.
Previous Independent Registered Public Accounting Firm.
As described below, on February 18, 2019, the Board of Directors of Bravatek Solutions, Inc. (the “Company”) received notice that its independent registered public accounting firm, D. Brooks and Associates CPA’s, P.A. (the “Former Accountant”), had resigned. The communication with the Former Accountant is described below.
The Company’s Board of Directors received the notice from the Former Accountant, reviewed the information it received from the Former Accountant and made recommendations to the Company’s management.
On February 18, 2019, the Company’s Board of Directors received a letter (the “February 18th Letter”) from the Former Accountant. The Company disagrees with the conclusions reached by the Former Accountant which included:
| 1. | That the Former Accountant was unable to rely on current management’s representations and that the Former Accountant believes that Company management failed to disclose pertinent and relevant information, of which they were aware, regarding the Company’s subsidiary, Helpcomm, Inc., that existed at the time written representations were provided to the Former Accountant dated December 3, 2018; and |
| 2. | That the Former Accountant believes that the Company may have committed an illegal act in the State of Virginia related to its failure to timely pay employees for work performed. |
The Company’s Board of Directors received the February 18th Letter, on February 18, 2019, reviewed the information therein and made recommendations to the Company’s management. The Company determined to retain litigation counsel to pursue potential claims against the Former Accountant.
The reports of the Former Accountant on the Company’s financial statements for the two most recently completed fiscal years did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. The reports did, however, include an explanatory paragraph about the uncertainty as to the Company’s ability to continue as a going concern.
During the Company’s two most recent fiscal years, there were no “disagreements” (as such term is defined in Item 304 of Regulation S-K) with the Former Accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to the satisfaction of the Former Accountant would have caused them to make reference thereto in their reports on the financial statements for such periods. During the subsequent interim period after the Company’s most recent fiscal year ended December 31, 2018, the Company and the Former Accountant disagreed regarding facts asserted and conclusions reached by the Former Accountant in its February 18th Letter. The Company has authorized the Former Accountant to respond fully to the inquiries of the Company’s successor accountant concerning the subject matter of each of such disagreement.
The Company has not yet engaged a new independent registered public accounting firm to audit the Company’s financial statements for the year ended December 31, 2018.
The Company provided the Former Accountant with a copy of the foregoing disclosure in advance of filing this Current Report and requested the Former Accountant to furnish the Company with a letter addressed tothe Securities and Exchange Commission stating that it agrees with the statements made in this Current Report.
ITEM 9.01. Financial Statements and Exhibits.
The exhibits listed in the following exhibit index are filed as part of this Current Report on Form 8-K:
Bravatek Solutions, Inc. Exhibit
EX-16.1 2 bvtk_ex161.htm LETTER bvtk_ex161.htm EXHIBIT 16.1 February 19,…
To view the full exhibit click here
About Bravatek Solutions, Inc. (OTCMKTS:BVTK)
Bravatek Solutions, Inc., formerly Ecrypt Technologies, Inc., provides security, defense and information security solutions, which assist corporate entities, governments and individuals in protecting their organizations and/or critical infrastructures against error, and physical and cyber-attack. The Company is engaged in marketing and distribution of allied security, defense and information security software, hardware and services, and telecom services. The Company’s products include software, hardware and services, and span a range of industries, including e-mail security, user authentication, robotics, telecommunications and cyber breach protection. The Company’s primary business operations are focused on expanding its marketing program of allied products and services. Additionally, the Company has developed and plans to sell an enterprise-level secure e-mail software appliance named Ecrypt One. Ecrypt One is an e-mail server with integrated security technology.
