3rd Quarter 10Q Filing January 17, 2017
Some shareholders have asked about the late filing of the Company's 10Q for the latest quarter, which was due November 15. The accounting work for the merger has proven to be complex and required additional time to complete. Audits for Coretec Industries, LLC were required from inception of Coretec to present. Combining the financials of 3DIcon and Coretec was also time consuming. In addition, the services of two outside consulting firms were required to provide a valuation of 3DIcon after the merger and to approve the accounting treatment of the merger under applicable auditing and SEC requirements. The Company has never been late before in its filings and expects to file in the next two weeks. There are no financial or other penalties for the Company on account of the late filing.