Attached files
Exhibit
23.1
REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To
the Board of Directors and Stockholders
Solar
Energy Initiatives, Inc.
Ponte
Vedra Beach, Florida
We
have audited the accompanying balance sheets of Solar Energy Initiatives, Inc.
as of July 31, 2009 and 2008, and the related statements of operations,
stockholders’ equity, and cash flows for the years then ended. These financial
statements are the responsibility of the Company’s management. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those
standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. The Company is not required to have, nor were we
engaged to perform, an audit of its internal control over financial
reporting. Our audits included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company’s internal control over financial
reporting. Accordingly, we express no such opinion. An
audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis
for our opinion.
In
our opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Solar Energy Initiatives, Inc. as
of July 31, 2009 and 2008, and the results of its activities and cash flows for
the years then ended in conformity with accounting principles generally accepted
in the United States.
The
accompanying consolidated financial statements have been prepared assuming that
the Company will continue as a going concern. As discussed in Note 14 to the
consolidated financial statements, the Company has suffered losses from
operations since inception and need additional capital to maintain operations
and execute their business plan, all of which raise substantial doubt about the
Company’s ability to continue as a going concern. Management’s plans in regards
to these matters are also described in Note 14. The consolidated financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.
/s/
L.L. Bradford & Company, LLC
October 23,
2009
Las
Vegas, Nevada