DTHERA SCIENCES (NASDAQ:KNMXD) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal YearITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR.
On November 12, 2016, the Board of Directors of Dthera Sciences, a Nevada corporation (the “Company”), approved a change in fiscal year-end of the Company from a June 30 year-end to a calendar year-end of December 31. The Board of Directors’ decision to change the fiscal year-end is intended to assist the financial community in its analysis of the business and in comparing Dthera’s financial results to others in the industry, and to synchronize the Company’s fiscal reporting period with the Securities and Exchange Commission’s required year-end reserve reporting period of December 31. Additionally, the Company’s principal operating subsidiary, EveryStory, Inc., has a December 31 year end, and because the Company’s principal operations are focused on the implementation of the EveryStory Platform, and because EveryStory’s financial statements are prepared on a calendar year end basis, the Board of Directors determined it to be in the best interests of the Company to not have to re-audit the EveryStory financial statements to reflect a June 30 year end. As such, the Board of Directors approved the change.
As of November 12, 2016, the date of the Company’s fiscal year-end is changed to December 31. Accordingly, the Company will file a transitional quarterly report on Form 10-QT, reflecting the period ended September 30, 2016, as the third quarter rather than the first quarter, and will file a transitional annual report on Form 10-KT for the fiscal year ended December 31, 2016.
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