DATA CALL TECHNOLOGIES, INC. (OTCMKTS:DCLT) Files An 8-K Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim ReviewItem 4.02. Non-Reliance on Previous Financials, Audits or Interim Review.
(a) On June 15, 2017, Data Call Technologies, Inc. (the "Company") filed Amendment No. 1 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2016, previously filed on October 25, 2016, to the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, previously filed on April 12, 2017 and to the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2017, previously filed on May 12, 2017 (collectively, the "Amendments”). The Amendments were filed to correct share-based information related to reverse stock split, which was not effectuated. These Amendments properly reflects changes in share-based information in our balance sheets and statements of operations.
On May 24, 2017, the Company’s Chief Financial Officer concluded that the above-mentioned financial statements included in the Amendments (collectively, the "Non-Reliance Periods"), should not be relied upon because of the error described above, which error was solely related to the number of shares issued and outstanding, which has been corrected in the amended filing. In all other respects, the financial statements remained unchanged in any way.
The Company’s management has discussed the matters disclosed in this Item 4.02(a) with the Company’s independent registered public accounting firm.
About DATA CALL TECHNOLOGIES, INC. (OTCMKTS:DCLT)
Data Call Technologies, Inc. is engaged in the business of offering real-time information/content through digital signage and kiosk networks to the clients. The Company’s services put its clients in control of real-time news and other dynamic content, displayed within one or more locations, as well as to local, regional and national clients, through Digital Signage and Kiosk networks. The Company’s Direct Lynk Media (DLMedia) product encapsulates the Direct Lynk Messenger product with enhancements and options that allow the client to select and include in their feed images relative to the news feeds. The Company offers its Direct Lynk Messenger and DLMedia services to its clients and other potential customers through the Internet. Both DLM Services are Digital Signage products and real-time information services, which provide a range of up-to-date information for display. Its Direct Lynk Systems allows customers to select from the pre-determined data and information subscriptions.
