Western Capital Resources, Inc. (OTCMKTS:WCRS) Files An 8-K Changes in Registrant’s Certifying Accountant

Western Capital Resources, Inc. (OTCMKTS:WCRS) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01.Changes in Registrant’s Certifying Accountant

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On July 29, 2017, the Audit Committee of the Board of Directors of Western Capital Resources, Inc. accepted the resignation of KLJ & Associates, LLP (“KLJ”) as the company’s independent registered public accounting firm, effective as of such date. Effective as of August 2, 2017, the Audit Committee approved the engagement of Sadler, Gibb & Associates, LLC (“Sadler”) as the company’s new independent registered public accounting firm to audit the company’s consolidated financial statements for the fiscal year ending December 31, 2017.

During the company’s fiscal years ended December 31, 2015 and 2016, and the subsequent interim period through the date of resignation (July 29, 2017), there were no “disagreements,” as defined in Item 304(a)(1)(iv) of Regulation S-K, with KLJ 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 KLJ, would have caused it to make reference to the subject matter of the disagreements in connection with its report. None of the “reportable events” set forth in Item 304(a)(1)(v) of Regulation S-K occurred during the period in which KLJ served as the company’s principal independent accountants. None of KLJ’s audit reports on the company’s consolidated financial statements as of and for the fiscal years ended December 31, 2015 and 2016 contained an adverse opinion or a disclaimer of opinion and none were qualified or modified as to uncertainty, audit scope or accounting principles.

In accordance with Item 304(a)(3) of Regulation S-K, the company provided KLJ with a copy of this disclosure and requested that KLJ furnish it with a letter addressed to the U.S. Securities and Exchange Commission stating whether KLJ agrees with the above statements, and if not, stating the respects in which it does not agree. A copy of KLJ’s letter dated as of August2, 2017, is filed as Exhibit 16.1 hereto.

During the company’s fiscal years ended December 31, 2016 and 2015, and the subsequent interim period through August 2, 2017, the company has not consulted with Sadler regarding: (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 Sadler did not provide either a written report or oral advice to the company that was an important factor considered by the company in reaching a decision as to any accounting, auditing, or financial reporting issue; or (ii) the subject of any “disagreement,” as defined in Item 304(a)(1)(iv) of Regulation S-K, or a “reportable event” within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K.

Item 9.01.Financial Statements and Exhibits

(d)Exhibits.

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WESTERN CAPITAL RESOURCES, INC. Exhibit
EX-16 2 s107027_ex16-1.htm EXHIBIT 16.1 Exhibit 16.1            August 2,…
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About Western Capital Resources, Inc. (OTCMKTS:WCRS)

Western Capital Resources, Inc. (WCR) is a holding company. The Company’s segments are Franchise segment, Cellular Retail segment, Direct to Consumer segment and Consumer Finance segment. The Franchise segment consists of AlphaGraphics, Inc., the franchisor of AlphaGraphics customized print and marketing solutions. Its Cellular Retail segment consists of an authorized Cricket Wireless dealer and involves the retail sale of cellular phones and accessories to consumers through its subsidiary PQH Wireless, Inc. and its subsidiaries. Its Direct to Consumer segment consists of an online and direct marketing retailer and distributor of live plants, seeds, holiday gifts and garden accessories, and an online and direct marketing distribution retailer of home improvement and restoration products operating as Van Dyke’s Restorers. Its Consumer Finance segment consists of retail financial services conducted through its subsidiaries, Wyoming Financial Lenders, Inc. and Express Pawn, Inc.

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