GTX Corp (OTCMKTS:GTXO) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01
| (a) | Appointment of Weinberg & Company P.A. (“Weinberg”), Certified Public Accountants |
| (i) | Following a careful deliberation and competitive process among various accounting firms, on June 13, 2018, the Company’s Board of Directors engaged Weinberg & Company P.A. (“Weinberg”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2018, effective June 13, 2018. |
| (ii) | Prior to retaining Weinberg, the Company did not consult with Weinberg regarding either: (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 financial statements; or (ii) any matter that was the subject of a “disagreement” or a “reportable event” (as those terms are defined in Item 304 of Regulation S-K). |
| (iii) | The audit committee of the Company’s Board of Directors approved the appointment of Weinberg as the Company’s independent registered public accounting firm. |
About GTX Corp (OTCMKTS:GTXO)
GTX Corp is a holding company that owns and operates two subsidiaries engaged in wearable technology business. The Company’s subsidiaries are Global Trek Xploration (GTX California) and LOCiMOBILE, Inc. The Company and its subsidiaries are engaged in the design, development, manufacturing, distribution and sale of five related products and services in the global positioning system (GPS) and Bluetooth low energy (BLE) wearable technology personal location and wandering assistive technology business. Through an enterprise (Internet of things (IoT)) monitoring platform and licensing subscription business model, the Company offers a solution of hardware, middleware, applications, connectivity and professional services. The Company has focused on building channels of distribution for its product lines of embedded devices, Stand-Alone devices and Digital Applications, which all funnel into the GTX Corp IoT monitoring platform.