Integral Technologies, Inc. (OTCMKTS:ITKG) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01 Changes in Company’s Certifying Accountant
As previously reported on the Current Report on Form 8-K of Integral Technologies, Inc. (the “Company”) filed on July 12, 2017, the Company’s former independent registered public accounting firm, Baker Tilly Virchow Krause, LLP (“Baker”) resigned on July 6, 2017. The resignation was accepted by the Company’s board of directors (the “Board”) on July 6, 2017.
Effective August 18, 2017, the Company engaged, and the Board authorized the engagement of, Dale Matheson Carr-Hilton Labonte LLP (“DMCL”) as the Company's new independent registered public accounting firm and auditor for the fiscal year ended June 30, 2017. During the two fiscal years ended June 30, 2016 and 2015, and the subsequent interim periods preceding the selection of DMCL, the Company did not consult with DMCL regarding: (1) the application of accounting principles to a specified transaction, either completed or proposed; (2) the type of audit opinion that might be rendered on the Company's financial statements, and DMCL did not provide any written report or oral advice that DMCL concluded was an important factor considered by the Company in reaching a decision as to any such accounting, auditing or financial reporting issue; or (3) any matter that was either the subject of a disagreement with Baker Tilly Virchow Krause, LLP on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure or the subject of a reportable event.
Item.01 Other Events.
On August 14, 2017, the Company utilized its option to prepay a convertible promissory note in principal amount equal to $58,000 that was issued on February 9, 2017.
About Integral Technologies, Inc. (OTCMKTS:ITKG)
Integral Technologies, Inc. is engaged in the business of researching, developing and commercializing new electrically conductive resin-based materials called ElectriPlast. The Company is focused on devoting all of its resources to the research, development and commercialization of its ElectriPlast with Flexible Content Technology. The ElectriPlast technology possesses a multitude of applications in industries, such as auto industry, the aerospace, consumer electronics, and commercial aviation. It is focused on business development and marketing efforts on securing licensing and/or joint development agreements in areas for which it holds patents covering specific materials, components, parts, applications or end-products incorporating conductive resins and ElectriPlast technology. It collaborates with suppliers, vendors, original equipment manufacturers (OEMs) and manufacturers of products who would benefit from the incorporation of any of the ElectriPlast applications.