SEAFARER EXPLORATION CORP. (OTCMKTS:SFRX) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT.
On December 19, 2018 Seafarer Exploration Corp. (the Company) was notified by Daszkal Bolton, LLP(“Daszkal Bolton”), the Company’s independent accounting firm, that DB had elected to cease its services as the PCAOB auditors for the Company. On January 8, 2019, the Company engaged D. Brooks and Associates CPA’s, P.A. (“Brooks and Associates”) as its new independent accounting firm.
Other than for the inclusion of a paragraph describing the uncertainty of the Company’s ability to continue as a going concern (for the year ended December 31, 2017 and quarters ending through September 30, 2018), Daszkal Bolton’s reports on the Company’s financial statements for the year ended December 31, 2017 and quarters ending through September 30, 2018, contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to audit scope or accounting principles.
During the Company’s two most recent fiscal years and the subsequent interim period preceding Daszkal Bolton’s dismissal, there were: (i) no “disagreements” (within the meaning of Item 304(a) of Regulation S-K) with Daszkal Bolton 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 Daszkal Bolton, would have caused it to make reference to the subject matter of the disagreements in its report 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).
During the Company’s two most recent fiscal years and the subsequent interim period preceding Brooks and Associates’s engagement, neither the Company nor anyone on its behalf consulted Brooks and Associates regarding either: (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and no written report or oral advice was provided to the Company that Brooks and Associates concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a “disagreement” or “reportable event” (within the meaning of Item 304(a) of Regulation S-K and Item 304(a)(1)(v) of Regulation S-K, respectively). In approving the selection of Brooks and Associates as the Company’s independent registered public accounting firm, the Board of Directors considered all relevant factors, including that no non-audit services were previously provided by Brooks and Associates to the Company. The Board of Directors also considered Brooks and Associates’s ability to work with the Company to file its reports in a timely manner.
The company has provided a copy of this report to Daszkal Bolton and has requested that Daszkal Bolton furnish a letter addressed to the Commission stating whether it agrees with the statements made by the company and, if not, stating the respects in which it does not agree. A copy of this letter is filed as an exhibit to this report on Form 8-K
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.Not applicable
(b) Pro forma financial information.Not applicable
(c) Shell company transactions.Not applicable
(d) Exhibits.
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Exhibit # |
Exhibit Name |
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Daszkal Bolton, LLP letter
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SEAFARER EXPLORATION CORP Exhibit
EX-16.1 2 exhibit_16-1.htm DASZKAL BOLTON,…
To view the full exhibit click here
About SEAFARER EXPLORATION CORP. (OTCMKTS:SFRX)
Seafarer Exploration Corp. (Seafarer), formerly Organetix, Inc., is a development-stage company. The Company operates as an underwater salvage and exploration company. The principal business of the Company is to engage in the archaeologically-sensitive exploration, documentation, and recovery of historic shipwrecks with the objective of exploring and discovering Colonial-era shipwrecks. The Company has approximately two wreck sites under permit with the State of Florida and a wreck site under contract with a private party. The Company’s active sites include Cape Canaveral Site, Lantana Site and Juno Site. It has permits from the Florida Bureau of Archaeological Research for an area south of Cape Canaveral, which is jointly owned with a third party; permits from the State of Florida for a shipwreck site located off of Lantana Beach, Florida, and permits from the State of Florida to explore and recover a wreck site located just off Juno Beach, Florida. It has not generated any revenues.