Attached files
file | filename |
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EX-16 - LETTER FROM PIERCY BOWLER TAYLOR & KERN DATED OCTOBER 10, 2014 - GeNOsys, Inc. | piercyletter.htm |
EX-16 - LETTER FROM MANTYLA MCREYNOLDS DATED OCTOBER 8, 2014 - GeNOsys, Inc. | mantyla8ka2approvallettercha.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 9, 2014
GENOSYS, INC.
(Exact Name of Registrant as Specified in Charter)
Utah | 000-49817 | 87-0671592 |
(State or Other Jurisdiction of Incorporation) | (Commission | (I.R.S. Employer |
5314 North 250 West, Suite 350 |
Provo, Utah 84604 |
(Address of Principal Executive Offices)
____________________
(801) 319-2324
(Registrants telephone number, including area code)
____________________
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14.a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Explanatory Note.
This report amends the current report on Form 8-K of GeNOsys, Inc. (the Registrant) filed with the Securities and Exchange Commission on September 3, 2014, to reflect the updated letters obtained from the Registrants former accountants, which letters are filed herewith as Exhibits 16.1 and 16.2.
Item 4.01 Changes in Registrants Certifying Accountant.
Resignation of Mantyla McReynolds, LLC
On May 9, 2014, Mantyla McReynolds, LLC informed the Registrant of its resignation as the Registrants independent public accountant. Mantyla McReynolds, LLC served as the Registrants independent public accountant during the Registrants two most recent audited fiscal years ended November 30, 2010 and 2009 and reviewed the Registrants financial statements for the first quarter ended February 28, 2011, the second quarter ended May 31, 2011 and the third quarter ended August 31, 2011. Mantyla McReynolds, LLC did not review any financial statements, complete any audit or issue any reports on any of the Registrants financial statements for any periods ended after August 31, 2011.
Except as noted in the paragraph immediately below, the audit reports of Mantyla McReynolds, LLC on the financial statements of the Registrant for each of the two most recent audited fiscal years ended November 30, 2010 and 2009 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
The audit reports of Mantyla McReynolds, LLC on the Registrants financial statements as of November 30, 2010 and 2009 contained explanatory paragraphs indicating that the Registrants accumulated losses since inception and inability to generate profits from operations raised substantial doubt as to the Registrants ability to continue as a going concern.
During the Registrants two most recent audited fiscal years ended November 30, 2009 and 2010 and the subsequent interim period through May 9, 2014, the date of Mantyla McReynolds, LLCs resignation, there were no disagreements between the Registrant and Mantyla McReynolds, LLC 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 Mantyla McReynolds, LLC, would have caused Mantyla McReynolds, LLC to make reference to the subject matter of the disagreement(s) in connection with its report on the financial statements for such periods. As noted above, Mantyla McReynolds, LLC did not review or prepare any reports on the financial statements of the Registrant for any periods ending after August 31, 2011. Accordingly, the foregoing statement is not based on any conclusions or determinations made by Mantyla McReynolds, LLC with respect to any periods ending after August 31, 2011.
During the Registrants two most recent audited fiscal years ended November 30, 2009 and 2010 and the subsequent interim period ended May 9, 2014, the date of Mantyla McReynolds, LLCs resignation, there were no reportable events as that term is defined in Item 304(a)(1)(v) of Regulation S-K, with the exception of material weaknesses identified in the Registrants internal control over financial reporting. As noted above, Mantyla McReynolds, LLC did not review or prepare any reports on the financial statements of the Registrant for any periods ending after August 31, 2011. Accordingly, the foregoing statement is not based on any conclusions or determinations made by Mantyla McReynolds, LLC with respect to any periods ending after August 31, 2011.
The Registrant provided a copy of the foregoing disclosures to Mantyla McReynolds, LLC prior to the date of the filing of this report and requested that Mantyla McReynolds furnish it with a letter addressed
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to the Securities and Exchange Commission stating whether or not it agrees with the foregoing statements in this Item 4.01. A copy of the letter furnished by Mantyla McReynolds, LLC in response to that request, dated October 8, 2014, is filed as Exhibit 16.1 to this Form 8-K.
Engagement of Piercy Bowler Taylor & Kern
On July 30, 2014, the Board of Directors of the Registrant approved the appointment of Piercy Bowler Taylor & Kern (PBTK) as the Registrants independent registered accounting firm to audit the Registrants financial statements for the fiscal years ended November 30, 2011, 2012 and 2013 and subsequent time periods. During the Registrants two most recent fiscal years and through July 30, 2014, the date of PBTKs engagement, neither the Registrant nor anyone on the Registrants behalf consulted with PBTK regarding either 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 Registrants financial statements, nor has PBTK provided to the Registrant a written report or oral advice that was an important factor considered by the Registrant in selecting an auditor or in reaching a decision as to any accounting, auditing, or factual reporting issue, or any matter that was the subject of a disagreement or reportable events set forth in Item 304(a)(1)(iv) and (v) respectively, of Regulation S-K with Mantyla McReynolds, LLC.
Dismissal of Piercy Bowler Taylor & Kern
On August 26, 2014, the Registrant dismissed PBTK as the Registrants independent registered accounting firm. The dismissal of PBTK as the Registrants independent registered accounting firm was approved by the Registrants Board of Directors solely for economic reasons as a result of fee estimates received from PBTK. PBTK did not complete an audit or issue a report on any of the Registrants financial statements. During the period that PBTK served as the Registrants independent registered accounting firm, there were no disagreements between the Registrant and PBTK 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 PBTK, would have caused PBTK to make reference to the subject matter of the disagreement(s) in connection with any report on the financial statements for such periods had any been issued. The Registrant provided a copy of the foregoing disclosures to PBTK prior to the date of the filing of this report and requested that PBTK furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the foregoing statements in this Item 4.01. A copy of the letter furnished by PBTK in response to that request, dated October 10, 2014, is filed as Exhibit 16.2 to this Form 8-K.
Engagement of New Accountant
While the Registrant has not engaged a new independent registered public accounting firm, it has begun a search process. The Registrant will disclose its engagement of a new independent registered public accounting firm once the process has been completed and as required by Securities and Exchange Commissions rules and regulations.
Item 9.01 Financial Statements and Exhibits
(a)
Not applicable.
(b)
Not applicable.
(c)
Not applicable.
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(d)
Exhibits. The following exhibits are furnished herewith.
Exhibit No. | Description |
16.1 | Letter from Mantyla McReynolds, LLC dated October 8, 2014. |
16.2 | Letter from Piercy Bowler Taylor & Kern dated October 10, 2014. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GENOSYS, INC.
By:
/s/ John W. R. Miller
Name: John W. R. Miller
Its: Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. | Description |
16.1 | Letter from Mantyla McReynolds, LLC dated October 8, 2014. |
16.2 | Letter from Piercy Bowler Taylor & Kern dated October 10, 2014. |
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