SEC Company Response from Geospatial Corp (CIK 0001011395) — Jan 6, 2020
Geospatial Corp (CIK 0001011395)
Date: Jan. 6, 2020 · CIK: 0001011395 · Accession: 0001376474-20-000002
AI Filing Summary & Sentiment
File numbers found in text: 000-55937
Letter
SEC Correspondence
January 6, 2020
BY EDGAR
U.S. Securities and Exchange Commission
Division of Corporation Finance
Office of Trade & Services
100 F Street, N.E.
Washington, D.C. 20549
Re: Geospatial Corp.
Form 10-K for Fiscal Year Ended December 31, 2018
Filed April 16, 2019
File No. 000-55937
Gentlemen:
On behalf of Geospatial Corp., a Nevada corporation (the “Company”), we are herewith filing with the Securities and Exchange Commission (the “Commission”) Amendment No. 1 to the Company’s Annual Report on Form 10-K (the "Amendment”) in response to the Commission’s comment letter, dated December 18, 2019, with reference to the Company’s Annual Report on Form 10-K (the “Annual Report”) filed with the Commission on April 16, 2019.
In addition to the Amendment, the Company responds to the Commission's comments as follows:
Form 10-K filed April 16, 2019
Audit Report, page 15
You have not identified the financial statement periods covered by the report. Additionally, in the second paragraph of the audit report you state current liabilities exceed current assets by $2,850,971 which does not agree with the financial statements as of December 31, 2018 or Note 1 on page 20. Please advise or revise. Refer to Rule 2-02(4) of Regulation S-X.
Response: The audit report has been revised to state that the consolidated balance sheets of the Company have been audited as of December 31, 2018 and 2017, and the related consolidated statements of operations, changes in stockholders’ deficit and cash flows have been audited for the years then ended. Additionally, the second paragraph of the audit report has been revised to state that as of December 31, 2018, current liabilities exceed current assets by $3,437,617.
500 Fifth Ave, Suite# 938, New York, NY 10110
9665 Wilshire Boulevard, Suite 895, Beverly Hills, CA 90212
NYC Office: 646.861.7891
CA Office: 818.930.5686
www.cronelawgroup.com
U.S. Securities and Exchange Commission
Division of Corporation Finance
January 6, 2020
Page 2 of 2
The Company respectfully submits via EDGAR the foregoing response to the Commission and the Amendment. Please address any further questions or comments to the undersigned at (917) 398-5082 or emendelson@cronelawgroup.com. Thank you very much.
Sincerely,
/s/ Eric Mendelson
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CORRESP 1 filename1.htm SEC Correspondence January 6, 2020 BY EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance Office of Trade & Services 100 F Street, N.E. Washington, D.C. 20549 Re: Geospatial Corp. Form 10-K for Fiscal Year Ended December 31, 2018 Filed April 16, 2019 File No. 000-55937 Gentlemen: On behalf of Geospatial Corp., a Nevada corporation (the “Company”), we are herewith filing with the Securities and Exchange Commission (the “Commission”) Amendment No. 1 to the Company’s Annual Report on Form 10-K (the "Amendment”) in response to the Commission’s comment letter, dated December 18, 2019, with reference to the Company’s Annual Report on Form 10-K (the “Annual Report”) filed with the Commission on April 16, 2019. In addition to the Amendment, the Company responds to the Commission's comments as follows: Form 10-K filed April 16, 2019 Audit Report, page 15 You have not identified the financial statement periods covered by the report. Additionally, in the second paragraph of the audit report you state current liabilities exceed current assets by $2,850,971 which does not agree with the financial statements as of December 31, 2018 or Note 1 on page 20. Please advise or revise. Refer to Rule 2-02(4) of Regulation S-X. Response: The audit report has been revised to state that the consolidated balance sheets of the Company have been audited as of December 31, 2018 and 2017, and the related consolidated statements of operations, changes in stockholders’ deficit and cash flows have been audited for the years then ended. Additionally, the second paragraph of the audit report has been revised to state that as of December 31, 2018, current liabilities exceed current assets by $3,437,617. 500 Fifth Ave, Suite# 938, New York, NY 10110 9665 Wilshire Boulevard, Suite 895, Beverly Hills, CA 90212 NYC Office: 646.861.7891 CA Office: 818.930.5686 www.cronelawgroup.com U.S. Securities and Exchange Commission Division of Corporation Finance January 6, 2020 Page 2 of 2 The Company respectfully submits via EDGAR the foregoing response to the Commission and the Amendment. Please address any further questions or comments to the undersigned at (917) 398-5082 or emendelson@cronelawgroup.com. Thank you very much. Sincerely, /s/ Eric Mendelson Eric Mendelson cc: Thomas Oxenreiter 500 Fifth Ave, Suite# 938, New York, NY 10110 9665 Wilshire Boulevard, Suite 895, Beverly Hills, CA 90212 NYC Office: 646.861.7891 CA Office: 818.930.5686 www.cronelawgroup.com