Item 4.01 Change in Registrant's Certifying Accountant
On December 9, 2021, the Board of Directors as well as the Audit Committee of
Oculus VisionTech Inc. (the "Company") approved and authorized the dismissal of
KWCO, PC ("KWCO"), as its independent registered public accounting firm. On the
same date, the Board of Directors as well as the Audit Committee approved and
authorized the engagement of the accounting firm of Davidson & Company, LLP,
Chartered Professional Accountants, as the Company's new independent registered
public accounting firm.
KWCO's report on our financial statements dated March 15, 2021, for the most
recent fiscal year ended December 31, 2020, contained an explanatory paragraph
as to the Company's ability to continue as a going concern and as to critical
audit matters.
Other than the going concern uncertainty and critical audit matters described
above, KWCO's report did not contain an adverse opinion or disclaimer of
opinion, or qualification or modification as to uncertainty, audit scope, or
accounting principles.
In connection with the audit of our financial statements for the most recent
fiscal year ended December 31, 2020, and in the subsequent interim period
through the effective date of dismissal on December 9, 2021, there were no
disagreements, resolved or not, with KWCO on any matters of accounting
principles or practices, financial statement disclosure or auditing scope or
procedures, which disagreements, if not resolved to the satisfaction of KWCO
would have caused them to make reference to the subject matter of the
disagreements in connection with their report on the financial statements for
such year.
During the Company's most recent fiscal year and the period through the
effective date of dismissal of KWCO on December 9, 2021, there were no
reportable events as described in Item 304(a)(1)(v) of Regulation S-K.
We provided KWCO with a copy of this current report on Form 8-K prior to its
filing with the Securities and Exchange Commission, and requested that they
furnish us with a letter addressed to the Securities and Exchange Commission
stating whether they agree with the statements made in this current report on
Form 8-K, and if not, stating the aspects with which they do not agree. The
letter from KWCO dated December 13, 2021, is filed as Exhibit 16.1 to this
current report on Form 8-K.
During the two most recent fiscal years and the subsequent interim period
through the effective date of appointment of Davidson & Company LLP, Chartered
Professional Accountants ("Davidson"), on December 9, 2021, we had not, nor had
any person on our behalf, consulted with Davidson 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
our financial statements, nor had Davidson provided to us a written report or
oral advice regarding such principles or audit opinion on any matter that was
the subject of a disagreement as set forth in Item 304(a)(1)(iv) of Regulation
S-K or a reportable event as set forth in Item 304(a)(1)(v) of Regulation S-K
with our former independent registered public accounting firm.
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