Attached files
| file | filename |
|---|---|
| 10-K - NovAccess Global Inc. | v206738_10k.htm |
| EX-31.1 - NovAccess Global Inc. | v206738_ex31-1.htm |
| EX-10.3 - NovAccess Global Inc. | v206738_ex10-3.htm |
| EX-32.2 - NovAccess Global Inc. | v206738_ex32-2.htm |
| EX-32.1 - NovAccess Global Inc. | v206738_ex32-1.htm |
| EX-10.8 - NovAccess Global Inc. | v206738_ex10-8.htm |
| EX-10.7 - NovAccess Global Inc. | v206738_ex10-7.htm |
| EX-31.2 - NovAccess Global Inc. | v206738_ex31-2.htm |
REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM
To the
Board of Directors and Shareholders
XsunX,
Inc. (A Development Stage Company)
Alisa
Viejo, California
We have
audited the accompanying balance sheets of XsunX, Inc. (a development stage
company) as of September 30, 2010 and 2009, and the related statements of
operations, stockholders' equity, and cash flows for the years then ended and
for the period from February 25, 1997 (inception) to September 30,
2010. These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on
these financial statements based on our audit. The financial
statements for the period from February 25, 1997 (inception) to September 30,
2008 were audited by other auditors and our opinion, insofar as it relates to
cumulative amounts included for such prior periods, is based solely on the
reports of such other auditors.
We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. The
Company is not required to have, nor were we engaged to perform an audit of its
internal control over financial reporting. Our audits included consideration of
internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the Company’s internal control
over financial reporting. Accordingly, we express no such opinion. An audit also
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting principles
used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of XsunX, Inc. as of September 30,
2010 and 2009, and the results of its operations and its cash flows for the
years then ended and for the period from February 25, 1997 (inception) to
September 30, 2010, in conformity with U.S. generally accepted accounting
principles.
The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern. As discussed in Note 1 to the
financial statements, the Company does not generate significant revenue and has
negative cash flows from operations which raise substantial doubt about its
ability to continue as a going concern. Management’s plans in regard
to these matters are also described in Note 1. The financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.
HJ
Associates & Consultants, LLP
Salt Lake
City, Utah
December
29, 2010