In 2012, while the company was still in the R&D phase and borrowing money to sustain operations, it was strategically decided to temporarily forego the very expensive process of filing quarterly audits.
Sir Francelote Thursday, February 14, 2013 10:54:32 AM Re: big9forya post# 22864 post# 22864 Post # of 23330
By filling Section 15(d) NTEK significantly lowered its operating costs and management time commitment for compliance and reporting activities. Sarbanes-Oxley Act compliance is also no longer needed.