Mobiquity Technologies, Inc. (OTCMKTS:MOBQ) Files An 8-K Changes in Registrant’s Certifying AccountantITEM 4.01. Changes in Registrant’s Certifying Accountant
(1) Previous Independent Auditors:
| a. | On July 12, 2018, Sadler, Gibb & Associates, L.L.C. (“SGA”) and the Company mutually agreed that SGA would no longer serve as the Company’s independent accountants. |
| b. | SGA’s report on the financial statements for the years ended December 31, 2016 and 2017 contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to audit scope or accounting. |
| c. | On July 12, 2018, our Board of Directors was notified of the mutual decision for us to have a change independent accountants. Through the period covered by the financial review of financial statements of the quarterly period ending March 31, 2018, there have been no disagreements with SGA on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of SGA,would have caused them to make reference thereto in their report on the financial statements. Through the interim period July 12, 2018, there have been no disagreements with SGA on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of SGAwould have caused them to make reference thereto in their report on the financial statements. |
| d. | We have authorized SGA to respond fully to the inquiries of the successor accountant. |
| e. | During the interim period through July 12, 2018, there have been no reportable events with us as set forth in Item 304(a)(1)(iv) of Regulation S-K. |
| f. | The Company provided a copy of the foregoing disclosures to SGA prior to the date of the filing of this Report and requested that SGA furnish a letter addressed to the Securities & Exchange Commission stating whether or not it agrees with the statements in this Report. A copy of such letter is filed asExhibit 16.1 to this Form 8-K. |
(2) New Independent Accountants:
| a. | On July 16, 2018, the Company engaged BF Borgers CPA PC of Lakewood, CO as its new registered independent public accountant. During the years ended December 31, 2016, and 2017, and prior to July 16, 2018 (the date of the new engagement), we did not consult with BF Borgers CPA PC regarding (i) the application of accounting principles to a specified transaction, (ii) the type of audit opinion that might be rendered on the Company’s financial statements by BF Borgers, in either case where written or oral advice provided by BF Borgers would be an important factor considered by us in reaching a decision as to any accounting, auditing or financial reporting issues or (iii) any other matter that was the subject of a disagreement between us and our former auditor or was a reportable event (as described in Items 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-K, respectively). |
| Item 7.01. | Regulation FD Disclosure |
On July 16, 2018, the Company issued a press release, a copy of which is appended hereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Mobiquity Technologies, Inc. ExhibitEX-16.1 2 mobiquity_8k-ex1601.htm LETTER FROM ACCOUNTANTS Exhibit 16.1 July 16,…To view the full exhibit click here
About Mobiquity Technologies, Inc. (OTCMKTS:MOBQ)
Mobiquity Technologies, Inc. owns and operates a national location-based mobile advertising network. The Company’s suite of location-based mobile advertising technologies allows clients to execute personalized and contextually relevant experiences, driving brand awareness and incremental revenue. The Company operates through two segments: Ace Marketing and Promotions, Inc. and Mobiquity Networks, Inc. Ace Marketing and Promotions, Inc. captures branding and branded merchandise. Mobiquity Networks, Inc. represents the Company’s Mobil marketing. The Company has installed its location-based mobile advertising solutions in approximately 295 retail destinations across the United States. The Company’s Mobiquity hardware solution is deployed in retail locations to create the Mobiquity network. Its Mobiquity Platform allows for the use of multiple sensory devices, such as Bluetooth, wireless fidelity (Wi-Fi), Near Field Communication and Quick Response Codes.
