Attached files

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10-K - SOLAR ENERGY INITIAVES FORM 10-K - Solar Energy Initiatives, Inc.form10k.htm
EX-32.1 - EXHIBIT 32.1 - Solar Energy Initiatives, Inc.ex321.htm
EX-32.2 - EXHIBIT 32.2 - Solar Energy Initiatives, Inc.ex322.htm
EX-31.1 - EXHIBIT 31.1 - Solar Energy Initiatives, Inc.ex311.htm
EX-31.2 - EXHIBIT 31.2 - Solar Energy Initiatives, Inc.ex312.htm
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