The Board based its determination not to rely upon the financial statements contained in the Reports on the financial impact of treasury stock involved in the Companys December 2016 share exchange agreement with Lani Pixels, on certain sales incentives made in the form of equity awards to non-employees and on other equity issuances made to employees.
The Audit Committee has discussed the errors in the Reports with the Companys independent auditors, Friedman, LLP and determined that such errors were material. As a result, the Company has decided to file amendments to the Reports in which the financial statements contained therein will be restated as soon as practicable.
Pursuant to th e 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.
Date:November 6, 2017
/s/ Raoul Quijada
Raoul Quijada, Chief Financial Officer
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