GALAXY GAMING, INC. (OTCMKTS:GLXZ) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01
Galaxy Gaming, Inc. (the “Company”) received notice from its independent registered public accounting firm, Piercy Bowler Taylor & Kern (“PBTK”), that the shareholders and professional staff of PBTK joined BDO USA, LLP (“BDO”), effective July 1, 2020. As a result, on July 24, 2020, the Company received notice that PBTK was resigning as the Company’s independent registered public accounting firm for and with respect to the fiscal year ending December 31, 2020.
On July 27, 2020, the Company engaged BDO as its new independent registered public accounting firm for and with respect to the fiscal year ending December 31, 2020. The engagement of BDO was approved by the Company’s Audit Committee on July 27, 2020.
PBTK’s reports on the Company’s financial statements as of and for each of the fiscal years ended December 31, 2018 and 2019 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
During the Company’s fiscal years ended December 31, 2018 and 2019, and during the subsequent interim period through July 24, 2020, there were (i) no disagreements, as defined in Item 304(a)(1)(iv) of Regulation S-K, between the Company and PBTK on any matter of accounting principles or practice, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PBTK, would have caused PBTK to make reference to the subject matter of the disagreements in connection with its reports for such years and (ii) no reportable events of the type described in Item 304(a)(1)(v) of Regulation S-K.
The Company provided to PBTK a copy of this Current Report on From 8-K prior to the Company’s filing of it with the Securities and Exchange Commission (the “SEC”) and requested that PBTK furnish the Company with a letter addressed to the SEC stating whether PBTK agrees with the above statements and, if not, stating the respects in which it does not agree. A copy of the letter from PBTK is filed as Exhibit 16.1 hereto.
During each of the Company’s fiscal years ended December 31, 2018 and 2019, and during the subsequent interim period through July 24, 2020, neither the Company nor anyone acting on its behalf consulted with BDO regarding (i) the application of accounting principles to a specified transaction, either contemplated 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 that BDO 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 as defined in Item 304(a)(1)(iv) of Regulation S-K and its related instructions, or a reportable event as described in Item 304(a)(1)(v) of Regulation S-K.
d) Exhibits
Galaxy Gaming, Inc. ExhibitEX-16.1 2 brhc10013806_ex16-1.htm EXHIBIT 16.1 Exhibit 16.1 July 27,…
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About GALAXY GAMING, INC. (OTCMKTS:GLXZ)
Galaxy Gaming, Inc. is engaged in the business of designing, developing, manufacturing and/or acquiring casino table games and associated technology, platforms and systems for the global gaming industry. The Company markets its products to land-based, riverboat and cruise ship gaming establishments and to Internet gaming companies. It groups its products into four product categories: Proprietary Table Games, Enhanced Table Systems, e-Tables and Ancillary Equipment. The Company has an installed base of its products on over 5,000 gaming tables located in over 600 casinos. The Company owns over 20 different table games, including 21+3, Two-way Hold’em and Three Card Poker, which are played in over 250 casinos. The Company’s Proprietary Table Games are grouped into two product types: Side Bets and Premium Games. Enhanced Table Systems are electronic enhancements used on casino table games to add to player appeal and to enhance game security.
