SEC Comment Letter for FANTATECH INC (CIK 0000925663) — Aug 26, 2005
FANTATECH INC (CIK 0000925663)
Date: Aug. 26, 2005 · CIK: 0000925663 · Accession: 0000000000-05-044472
AI Filing Summary & Sentiment
File numbers found in text: 000-24374
Letter
August 30, 2005 Mail Stop 3561 Via U.S. Mail and Facsimile Guangwei Liang Chief Executive Officer Fantatech Inc. Unit B, 11/F, Vienna Mansion 55 Paterson Street Causeway Bay, Hong Kong
RE: Fantatech Inc. (the "Company") Form 10-KSB for the fiscal year ended December 31, 2004 File No. 000-24374 Form 10-QSB for the quarter ended June 30, 2005 File No. 000-24374
Dear Mr. Liang:
We have reviewed your response letter filed on August 9, 2005 and have the following comment. Where expanded disclosure is requested, you may comply with this comment in future filings. If you disagree, we will consider your explanation as to why our comment is not applicable or a revision is unnecessary. We also ask you to provide us with supplemental information so we may better understand your disclosure. Please be as detailed as necessary. We look forward to working with you in these respects and welcome any questions you may have about any aspects of our review.
Please respond to confirm that the comment will be complied with, or, if the comment is deemed inappropriate by the Company, advise the staff of the reason thereof. Pursuant to Rule 101(a)(3) of Regulation S-T, your response should be submitted in electronic form, under the label "corresp" with a copy to the staff. Please respond within ten (10) business days.
Form 10-QSB for the Quarter Ended June 30, 2005
Note 9. Impairment of Intangible Asset, page 13
1. We note the disclosure included in Note 9 indicating that the Company recognized an impairment charge of $170,950 associated with the Hytech US trademark during the three months ended June 30, 2005. Given that there were no sales contracts secured by Hytech US during 2005 or 2004, please explain why the impairment charge associated with this trademark was not recognized until the second quarter of 2005. We may have further comment upon receipt of your response.
* * * * *
You may contact Jean Yu at (202) 551-3305 or Linda Cvrkel, Branch Chief, at (202) 551-3813 if you have questions regarding comments on the financial statements and related matters.
Sincerely,
Linda Cvrkel
Branch Chief
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<TEXT>
August 30, 2005
Mail Stop 3561
Via U.S. Mail and Facsimile
Guangwei Liang
Chief Executive Officer
Fantatech Inc.
Unit B, 11/F, Vienna Mansion
55 Paterson Street
Causeway Bay, Hong Kong
RE: Fantatech Inc. (the "Company")
Form 10-KSB for the fiscal year ended December 31, 2004
File No. 000-24374
Form 10-QSB for the quarter ended June 30, 2005
File No. 000-24374
Dear Mr. Liang:
We have reviewed your response letter filed on August 9, 2005
and have the following comment. Where expanded disclosure is
requested, you may comply with this comment in future filings. If
you disagree, we will consider your explanation as to why our
comment
is not applicable or a revision is unnecessary. We also ask you
to
provide us with supplemental information so we may better
understand
your disclosure. Please be as detailed as necessary. We look
forward to working with you in these respects and welcome any
questions you may have about any aspects of our review.
Please respond to confirm that the comment will be complied
with, or, if the comment is deemed inappropriate by the Company,
advise the staff of the reason thereof. Pursuant to Rule
101(a)(3)
of Regulation S-T, your response should be submitted in electronic
form, under the label "corresp" with a copy to the staff. Please
respond within ten (10) business days.
Form 10-QSB for the Quarter Ended June 30, 2005
Note 9. Impairment of Intangible Asset, page 13
1. We note the disclosure included in Note 9 indicating that the
Company recognized an impairment charge of $170,950 associated
with
the Hytech US trademark during the three months ended June 30,
2005.
Given that there were no sales contracts secured by Hytech US
during
2005 or 2004, please explain why the impairment charge associated
with this trademark was not recognized until the second quarter of
2005. We may have further comment upon receipt of your response.
* * * * *
You may contact Jean Yu at (202) 551-3305 or Linda Cvrkel,
Branch
Chief, at (202) 551-3813 if you have questions regarding comments
on
the financial statements and related matters.
Sincerely,
Linda Cvrkel
Branch Chief
??
??
??
??
Guangwei Liang
Fantatech Inc.
August 30, 2005
Page 1
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