UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 25, 2014
LITHIUM CORPORATION
(Exact name of registrant as specified in its charter)
Nevada 000-54332 98-0530295
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
5976 Lingering Breeze Street, Las Vegas NV 89148
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (775) 410-5287
Not applicable
(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
240.14a-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))
ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(A) PREVIOUS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
On or about July 25, 2014, the principals of Silberstein Ungar, PLLC
("Silberstein"), the principal accountant for our company joined the accounting
firm of KLJ & Associates, LLP ("KLJ"). As a result of the transaction, on July
25, 2014, Silberstein resigned as our independent registered public accounting
firm and our company engaged KLJ as our independent registered public accounting
firm. The engagement of KLJ was approved by our company's board of directors.
Silberstein's audit reports on the financial statements of our company for the
fiscal years ended December 31, 2013 and 2012 contained no adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope or accounting principles, except that the audited financial
statements contained in our Annual Reports on Form 10-K for the fiscal years
ended December 31, 2012 and December 31, 2013 contained a going concern
qualification.
There were no disagreements between our company and Silberstein, for the two
most recent fiscal years and any subsequent interim period through July 25, 2014
(date of resignation) on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which, if not
resolved to the satisfaction of Silberstein, would have caused them to make
reference to the subject matter of the disagreement in connection with its
report. Further, Silberstein has not advised our company that:
1) internal controls necessary to develop reliable financial statements
did not exist; or
2) information has come to the attention of Silberstein which made it
unwilling to rely upon management's representations, or made it
unwilling to be associated with the financial statements prepared by
management; or
3) the scope of the audit should be expanded significantly, or
information has come to the attention of Silberstein that they have
concluded will, or if further investigated, might materially impact
the fairness or reliability of a previously issued audit report or the
underlying financial statements, or the financial statements issued or
to be issued covering the fiscal year ended December 31, 2014.
We provided Silberstein, with a copy of this disclosure before its filing with
the SEC. We requested that Silberstein, provide us with a letter addressed to
the SEC stating whether or not they agree with the above statements. A copy of
the letter provided from Silberstein is filed as Exhibit 16.1 to this Current
Report on Form 8-K.
(B) NEW INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
On July 25, 2014 we engaged KLJ as our principal accountant to audit our
financial statements as successor to Silberstein. During our two most recent
fiscal years or subsequent interim periods, we have not consulted with KLJ
regarding the application of accounting principles to a specific transaction,
either completed or proposed, or the type of audit opinion that might be
rendered on our financial statements, nor did KLJ provide advice to our company,
either written or oral, that was an important factor considered by our company
in reaching a decision as to the accounting, auditing or financial reporting
issue.
Further, during our two most recent fiscal years or su0bsequent interim period,
we have not consulted KLJ on any matter that was the subject of a disagreement
or a reportable event.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
16.1 Letter from Silberstein Ungar, PLLC dated July 30, 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.
LITHIUM CORPORATION
/s/ Tom Lewis
---------------------------------
Tom Lewis
President and Director
Date: July 30, 2014
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