Integral Technologies, Inc. (OTCMKTS:ITKG) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01 Changes in Company’s Certifying Accountant
On July 6, 2017, Baker Tilly Virchow Krause, LLP (“Baker”) resigned as the independent registered public accounting firm for Integral Technologies, Inc. (the “Company”) for the fiscal year ending June 30, 2017. The resignation was accepted by the Company’s board of directors on July 6, 2017.
Except as noted in the paragraph immediately below, Baker’s reports on the Company’s consolidated financial statements as of and for the fiscal years ended June 30, 2016 and 2015 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
The reports of Baker on the Company's financial statements as of and for the years ended June 30, 2016 and 2015 contained explanatory paragraphs which noted that there was substantial doubt as to the Company's ability to continue as a going concern as the Company has negative working capital that raises doubt about its ability to continue as a going concern.
During the fiscal years ended June 30, 2016 and 2015, and the subsequent interim period through July 6, 2017, the date of Baker’s resignation, there were (i)no “disagreements” as that term is defined in Item304(a)(1)(iv) of Regulation S-K, between the Company and Baker on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, any of which that, if not resolved to Baker’s satisfaction, would have caused Baker to make reference to the subject matter of any such disagreement in connection with its reports for such years and interim period and (ii)no reportable events within the meaning of Item304(a)(1)(v) of Regulation S-K during the two most recent fiscal years or the subsequent interim period.
The Company provided Baker with a copy of the disclosures it is making in this Current Report on Form 8-K. The Company requested that Baker furnish a letter addressed to the Securities and Exchange Commission (the “SEC”) stating whether or not it agrees with the statements made herein. A copy of Baker’s letter dated July 12, 2017 is attached as Exhibit 16.1 hereto.
Item 4.01 Financial Statements and Exhibits
Letter from Baker Tilly Virchow Krause, LLP dated July 12, 2017.
INTEGRAL TECHNOLOGIES INC ExhibitEX-16.1 2 ex16-1.htm EXHIBIT 16.1 ex16-1.htm Exhibit 16.1 July 12,…To view the full exhibit click
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.