PETROGRESS, INC. (OTCMKTS:PGAS) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01
|
Changes in Registrants Certifying Accountant. |
On January 18, 2017, Petrogress, Inc. (the Company) was notified
by RBSM LLP (RBSM) that it was resigning as the Companys
independent registered public accounting firm. The Company has
engaged David S. Friedkin CPA (Friedkin) as its new independent
registered public accounting firm effective immediately. The
engagement of Friedkin as the Companys new independent registered
public accounting firm was approved by the Board of Directors on
January 19, 2017.
RBSM has not issued any reports on the Companys financial
statements during its engagement period beginning on October 31,
2016 through January 18, 2017 (the Engagement Period).
During the Engagement Period, there were: (i) no disagreements
(within the meaning of Item 304(a)(1)(iv) of Regulation S-K) with
RBSM on any matters of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which disagreement(s), if not resolved to the satisfaction of
RBSM, would have caused RBSM to make reference to the subject
matter of the disagreement(s) in its reports on the consolidated
financial statements of the Company; and (ii)no reportable events
(as such term is defined in Item 304(a)(1)(v) of Regulation S-K).
The Company provided RBSM with a copy of this Form 8-K prior to
its filing with the Securities and Exchange Commission
(Commission) and requested that RBSM furnish it with a letter
addressed to the Commission stating whether it agrees with the
statements made above. A copy of RBSMs letter, dated January 19,
2017, is attached herewith as Exhibit 16.1 to this Form 8-K.
As previously reported on the Companys Current Report on Form 8-K
filed with the Commission on September 27, 2016, as amended on
September 30, 2016, the Company engaged Friedkin as its
independent public accountant during the period from May 18, 2016
to September 27, 2016. The Company then dismissed Friedkin on
September 27, 2016 when it became aware that Friedkin had not
been registered with the Public Company Accounting Oversight
Board (the PCAOB). As of January 10, 2017, Friedkin is a
PCAOB-registered independent public accountant.
During the Companys two most recent fiscal years and the
subsequent interim period prior to the engagement of Friedkin,
the Company did not consult with Friedkin regarding (a) the
application of accounting principles to a specified transaction,
either completed or proposed; (b) the type of audit opinion that
might be rendered on the Companys financial statements, and
neither a written report was provided to the Company nor oral
advice was provided that Friedkin concluded was an important
factor considered by the Company in reaching a decision as to an
accounting, auditing or financial reporting issue; or (c) any
matter that was the subject of a disagreement or reportable event
as defined in Items 304(a)(1)(iv) and (v), respectively, of
Regulation S-K with RBSM.
| Item 9.01 | Financial Statements and Exhibits. |
(d)Exhibits.
The following exhibit is filed as part of this Current Report:
| 16.1 |
Letter from RBSM to the Securities and Exchange Commission regarding statements to be included in this Form 8-K, dated January 19, 2017 (incorporated by reference to Exhibit 16.1 on Form 8-K filed with the Commission on January 20, 2017) |
About PETROGRESS, INC. (OTCMKTS:PGAS)
Petrogress, Inc., formerly 800 Commerce, Inc., is a holding company. The Company, along with its subsidiaries, is engaged in international trading and shipping business. The Company is engaged in exploring the potential for acquiring or purchasing or leasing newly built liquefied natural gas (LNG) vessels in the United States to be used for the supply and sea freight of the United States LNG exports. The Company’s subsidiary, Petrogres Co. Ltd. (Petrogres), operates as an oil commodity company in West Africa. Its other subsidiaries are Petronav Carriers LLC (Petronav) and Petrogress Oil & Gas Energy Inc. (Petrogress Energy). Petronav focuses on primarily managing the day-to-day operation and handling of the tanker fleet it manages. Petrogress Energy is primarily focused on investigating the feasibility of acquiring oil fields in Texas so that the Company can expand its operations into the LNG market within the United States market. PETROGRESS, INC. (OTCMKTS:PGAS) Recent Trading Information
PETROGRESS, INC. (OTCMKTS:PGAS) closed its last trading session 00.0000 at 0.0400 with 12,113 shares trading hands.