QUANTUM MATERIALS CORP. (OTCMKTS:QTMM) 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 27, 2017, the Board of Directors was notified by Weaver & Tidwell, LLP (“Weaver”), the Company’s independent accountants, that it declined to stand for re-appointment to certify the financial statements of the Company for the year ended June 30, 2017. |
| b. | WEAVER’s report on the financial statements for the years ended June 30, 2016 and 2015 contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to audit scope or accounting. |
| c. | Our Board of Directors participated in and approved the decision to change independent accountants. Through the period covered by the financial review of financial statements of the quarterly period ending March 31, 2017, there have been no disagreements with WEAVER 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 WEAVER, would have caused them to make reference thereto in their report on the financial statements. Through the interim period July 27, 2017 (the date of dismissal of the former accountant), there have been no disagreements with WEAVER 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 WEAVER would have caused them to make reference thereto in their report on the financial statements. |
| d. | We have authorized WEAVER to respond fully to the inquiries of the successor accountant. |
| e. | During the interim period through July 27, 2017, 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 WEAVER prior to the date of the filing of this Report and requested that WEAVER 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 as Exhibit 16.1 to this Form 8-K. |
(2) New Independent Accountants:
| a. | In July 2017, the Company’s board approved engaging KCCW Certified Public Accountants located in Alhambra, California as its new registered independent public accountant. During the years ended June 30, 2016, and 2015, and prior to July 27, 2017 (the date of the new engagement), we did not consult with Weaver 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 Weaver , in either case where written or oral advice provided by Weaver 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 9.01. Financial Statements and Exhibits.
| Exhibit | Description |
| 16.1 | Letter of Weaver & Tidwell, LLP (filed herewith). |
QUANTUM MATERIALS CORP. ExhibitEX-16.1 2 ex16-1.htm Exhibit 16.1 July 27,…To view the full exhibit click here
About QUANTUM MATERIALS CORP. (OTCMKTS:QTMM)
Quantum Materials Corp. is a nanotechnology company. The Company specializes in the design, development, production and supply of nanomaterials, including quantum dots (QDs), tetrapod quantum dots (TQDs) and other nanoparticles. Its nanomaterials are used for a range of applications in televisions, displays and other optoelectronics, photovoltaics, solid state lighting, life sciences, security ink, battery and sensor sectors of the market. QDs are semiconductor nanoparticles between 2 and 10 nanometers (a billionth of a meter) in diameter. QDs emit light (fluorescence) or electrons when excited with energy, such as light or electricity. A high performance variant of QDs is TQDs. TQDs have a molecular configuration consisting of a center portion and four arms extending from the center that are equally spaced in three dimensions. The Company’s subsidiary, Solterra Renewable Technologies, Inc., is focused on the photovoltaic (solar cell) market.
