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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
May 8, 1998
(Date of Report)
LIFESTREAM TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
NEVADA 82-0487965
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
515 PINE STREET, SUITE 200, SANDPOINT, IDAHO 83864
(Address of principal executive offices)
(208) 263-5433
(Registrant's telephone number, including area code)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On November 15, 1997 Lifestream Technologies, Inc. (the "Registrant" or the
"Company") dismissed the accounting firm of Terrence J. Dunne, CPA ("Mr. Dunne")
as the Company's independent accountant. The Board of Director's decision to
change independent accounting firms was the result of a mutually agreeable
decision between the Registrant and Mr. Dunne to discontinue their relationship,
which resulted in Mr. Dunne submitting a resignation letter to the Registrant,
that was received on November 15, 1997. The Registrant solicited a formal
proposal from BDO Seidman, LLP ("BDO") due to BDO's reputation and expertise in
the medical products manufacturing industry.
During the two most recent fiscal years and the subsequent interim period prior
to December 5, 1997, there have been no disagreements with Mr. Dunne on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure or any reportable events. Mr. Dunne's report on the
consolidated financial statements of the Company for the past two years
contained an explanatory paragraph relative to a going concern uncertainty.
There were no limitations on the scope of the opinion or on the work performed.
The Registrant provided the above disclosure to Mr. Dunne, and requested that he
furnish the Registrant with a letter addressed to the Securities and Exchange
Commision (the "SEC") stating whether he agreed with the above statements. A
copy of Mr. Dunne's letter in response to this request is attached as an exhibit
to this report.
The Registrant engaged the firm BDO effective December 5, 1997. During the years
ended December 31, 1997 and 1996, the Registrant did not consult with BDO
regarding: (I) the application of accounting principles to a specified
transaction; (ii) the type of opinion that might be rendered on the Registrant's
financial statements; or (iii) any matter that was the subject of a disagreement
with the Registrant's former accountant or a reportable event (as contemplated
by Item 304 of Regulation S-B)
The Registrant provided BDO with a copy of this Current Report, and has
requested that BDO review such report before it is filed with the SEC and has
given BDO the opportunity to furnish the Registrant with a letter addressed to
the SEC containing any new information, clarification or statement as to whether
it agrees with the statements made by the Registrant regarding Lifestream
Technologies, Inc.'s relationship with BDO.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(C) EXHIBITS
1. Letter regarding change in accountants from Mr. Dunne.
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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.
LIFESTREAM TECHNOLOGIES, INC.
BY: /s/ Christopher Maus
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Christopher Maus, President, Chief Executive Officer and Director
DATE: May 13, 1998
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Exhibit 1.
May 4, 1998
Office of the Chief Accountant
Securities and Exchange Commission
450 5th Street N.W.
Washington, D.C. 20549
Gentlemen:
I have been furnished with a copy of Item 4 of Form 8-K for the event that
occurred on November 15, 1997, to be filed by my former client, Lifestream
Technologies, Inc. I agree with the statements made in that Item insofar as they
relate to my firm.
Sincerely,
/s/ Terrence J. Dunne
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Terrence J. Dunne
Certified Public Accountant
