Item 4.01. Changes in Registrant's Certifying Accountant.
On May 13, 2020, EisnerAmper LLP ("EisnerAmper") resigned as the independent
registered public accounting firm of alpha-En Corporation (the "Company").
EisnerAmper did not complete its audit of the Company's consolidated financial
statements for the fiscal year ended December 31, 2019 as of the date of
resignation. From January 1, 2019 through the date of resignation, there were no
disagreements with EisnerAmper on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedures that,
if not resolved to EisnerAmper's satisfaction, would have caused EisnerAmper to
make reference to the subject matter of the disagreement in connection with its
reports.
From January 1, 2019 through the date of EisnerAmper's resignation, there were
no reportable events within the meaning set forth in Item 304(a)(1)(v) of
Regulation S-K, except that EisnerAmper identified and subsequently advised the
Company that the Company's internal control over financial reporting was
ineffective due to the existence of material weaknesses in the Company's
internal control over financial reporting. As disclosed in the Registrant's
Quarterly Reports on Form 10-Q for the periods ended March 31, June 30, and
September 30, 2019 there was found to be: (1) insufficient written policies and
procedures to ensure correct application of accounting and financial reporting;
(2) insufficient segregation of duties, oversight of work performed and lack of
compensating controls; (3) ineffective control environment and insufficient
documentary evidence of the performance of key application control procedures;
(4) inadequate controls surrounding related party transactions; (5) no proper
evaluation of the disclosure controls and procedures and internal control over
financial reporting; (6) inadequate controls over Company arrangements and
contract management; and (7) ineffective information technology controls.
The audit reports of EisnerAmper on the consolidated financial statements of the
Company for each of the fiscal years ended December 31, 2018 and December 31,
2017 did not contain an adverse opinion or a disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting principles.
The audit reports for the years ended December 31, 2018 and December 31, 2017
contained an explanatory paragraph disclosing the uncertainty regarding the
Company's ability to continue as a going concern.
During the Company's fiscal years ended December 31, 2018, and 2017 there were
no disagreements with EisnerAmper on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedures that,
if not resolved to EisnerAmper's satisfaction, would have caused EisnerAmper to
make reference to the subject matter of the disagreement in connection with its
reports.
During the Company's fiscal years ended December 31, 2018 and 2017, there were
no reportable events within the meaning set forth in Item 304(a)(1)(v) of
Regulation S-K, except that EisnerAmper identified and subsequently advised the
Company that the Company's internal control over financial reporting was
ineffective due to the existence of the above mentioned material weaknesses in
the Company's internal control over financial reporting, as disclosed in the
Registrant's Annual Reports on Form 10-K for the years ended December 31, 2018
(with the 2018 Annual Report not identifying the material weakness of
insufficient written policies and procedures to ensure correct application of
accounting and financial reporting) and December 31, 2017 (with the 2017 Annual
Report not identifying the material weaknesses of ineffective information
technology controls and ineffective control environment and insufficient written
policies and procedures to ensure correct application of accounting and
financial reporting).
The Company has provided EisnerAmper a copy of the disclosures in this Form 8-K
and has requested that EisnerAmper furnish the Company with a letter addressed
to the Securities and Exchange Commission stating whether or not it agrees with
the Company's statements herein. A copy of such letter, which is dated May 19,
2020, is filed as Exhibit 16.1 to this Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
16.1* Letter from EisnerAmper dated May 19, 2020
* Filed herewith
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