Just in case nobody highlighted this from the quar

Just in case nobody highlighted this from the quarterly report yet, I've pasted the relevant articles as they pertain to the delay in the audited 2yr report. Not sure if 4(A.) is a typo and should have been 5(A.), so both 4 and 5(A.) are included. I was thinking item 4 because of the date, Aug 29, which seemed more likely to have occurred just about the time they anticipated the audited report to be completed. The good thing here is that it appears that it was an innocent mistake on the part of management, not realizing it would cause a delay.

4. Notes Payable
On August 29, 2015, the Company paid off a $197,734 note payable and accrued interest to one of its debt holders.
5. Subsequent Events
A. Series C Preferred Shares and Convertible Note Exchange
As of June 30, 2015, one of Company’s debt holders held a convertible note in the amount of $1,065,623. This balance was included in outstanding principal on notes payable, which represented principal, accrued interest and other fees related to the note. On November 11, 2015, the balance of the same note was $1,107,607.
The Company amended its Articles of Incorporation as of November 13, 2015 to create a Series C Preferred Shares, which are 12% interest bearing, cumulative, exchangeable, non-voting, convertible Preferred Stock of the Company.
As of November 16, 2015, the debtholder agreed to a dollar for dollar exchange for same number of Preferred C Shares. Each Series C Preferred Share can be converted to 50 Shares of Common Stock. The exchange will reduce Liabilities and increase the Equity.
B. June 30, 2015 Year-End Audit
The transactions described above in 4 (A.) have delayed the issuance of the June 30, 2015 Year-End Audit report because it represents a material subsequent event that will need to be reviewed by the auditors and properly disclosed in the Notes to the June 30, 2015 Audited Financial Statements.