DAIS ANALYTIC CORPORATION (OTCMKTS:DLYT) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01 Changes in Registrant’s Certifying Accountant
On July 12, 2017, Dais Analytic Corporation (the “Company”) held a meeting of its Board of Directors (the “Board”) where the Company completed a competitive process to review the appointment of the Company’s independent registered public accounting firm for the year ending December 31, 2017. As a result of this process, on July 12, 2017, the Board decided to engage RBSM LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017 and dismiss Mayer Hoffman McCann P.C. from that role.
Mayer Hoffman McCann P.C. was engaged on June 22, 2016 as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2016. Mayer Hoffman McCann P.C.’s report on the Company’s consolidated financial statements as of and for the fiscal year ended December 31, 2016 did not contain an adverse opinion or a disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles, except as described below.
The audit report of Mayer Hoffman McCann P.C. on the Company’s financial statements for the fiscal year ended December 31, 2016 did, however note there is substantial doubt about the Company’s ability to continue as a going concern, noting that the Company has incurred significant losses since inception and had a stockholders’ deficit at December 31, 2016.
From June 22, 2016 through the fiscal year ended December 31, 2016, and the subsequent interim period through March 31, 2017, there were (i) no “disagreements” within the meaning of Item 304(a)(1)(iv) of Regulation S-K, between the Company and Mayer Hoffman McCann P.C. 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 Mayer Hoffman McCann P.C., would have caused Mayer Hoffman McCann P.C. to make reference to the subject matter of the disagreement in their reports on the 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 Mayer Hoffman McCann P.C. with a copy of the disclosures it is making in this Current Report on Form 8-K (this “Report”) prior to the time this Report was filed with the SEC. The Company requested that Mayer Hoffman McCann P.C furnish a letter addressed to the SEC stating whether or not it agrees with the statements made herein. A copy of Mayer Hoffman McCann P.C.’s letter, datedAugust 16, 2017, is filed as Exhibit 16.1 hereto.
During the fiscal years ended December 31, 2016, and 2015, and the subsequent interim period through March 31, 2017, neither the Company nor anyone acting on its behalf has consulted with RBSM LLP with respect to (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, and neither a written report nor oral advice was provided to the Company that RBSM LLP concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue or (ii) any matter that was either the subject of a “disagreement” or “reportable event” within the meaning of Item 304(a)(1) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
DAIS ANALYTIC CORP ExhibitEX-16.1 2 dlyt_ex161.htm LETTER OF MAYER HOFFMAN MCCANN P.C dlyt_ex161.htmEXHIBIT 16.1 13577 Feather Sound Drive,…To view the full exhibit click here
About DAIS ANALYTIC CORPORATION (OTCMKTS:DLYT)
Dais Analytic Corporation is a nano-structured polymer technology materials company. The Company has developed and commercializing applications using its family of nanomaterial called Aqualyte. Its commercial product, ConsERV, is a fixed plate energy recovery ventilator. It is developing other nano-structured polymer technology applications, including NanoClear, a water clean-up process useful in the creation of potable water from contaminated water, including industrial process waste water, sea, brackish or waste water, and NanoAir, a water-based, no fluorocarbon-based, refrigerant dehumidification, humidification, heating and cooling system. Aqualyte membrane is the foundation of the Dais product line. It is made from polymer resin in flake form and industrial grade solvents, which are mixed together using a process involving heat, industrial equipment and solvents. The Company uses nano-technology to reformulate thermoplastic materials called polymers.
