SEC Comment Letter 0000000000-23-004708 to TRANSACT TECHNOLOGIES INC (TACT) (CIK 0001017303) (TACT)
TRANSACT TECHNOLOGIES INC (TACT) (CIK 0001017303)
Date: May 5, 2023 · CIK: 0001017303 · Accession: 0000000000-23-004708
AI Filing Summary & Sentiment
File numbers found in text: 000-21121
Letter
United States securities and exchange commission logo May 5, 2023 Steven DeMartino President, CFO, Treasurer & Secretary Transact Technologies Inc. One Hamden Center 2319 Whitney Ave Suite 3B Hamden, CT 06518 Re:Transact Technologies Inc. Form 10-K for the Fiscal Year Ended December 31, 2022 Filed March 28, 2023 File No. 000-21121 Dear Steven DeMartino: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. Our comment may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2022 Item 9A. Disclosure Controls and Procedures Evaluation of Disclosure Controls and Procedures, page 28 1.We note your disclosures where you indicate that management, including your CEO and CFO, has concluded that your consolidated financial statements, included in this Form 10- K, fairly present, in all material respects, your financial condition, results of operations and cash flows for the periods presented in conformity with generally accepted accounting principles, and that they can be relied upon. Please amend your filing to provide management's conclusion on the effectiveness of your disclosure controls and procedures as of December 31, 2022. Refer to Item 307 of Regulation S-K.
FirstName LastNameSteven DeMartino Comapany NameTransact Technologies Inc. May 5, 2023 Page 2 FirstName LastName Steven DeMartino Transact Technologies Inc. May 5, 2023 Page 2 In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact David Edgar, Senior Staff Accountant, at (202) 551-3459 or Kathleen Collins, Accounting Branch Chief, at (202) 551-3499 with any questions. Sincerely, Division of Corporation Finance Office of Technology
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United States securities and exchange commission logo
May 5, 2023
Steven DeMartino
President, CFO, Treasurer & Secretary
Transact Technologies Inc.
One Hamden Center
2319 Whitney Ave
Suite 3B
Hamden, CT 06518
Re:Transact Technologies Inc.
Form 10-K for the Fiscal Year Ended December 31, 2022
Filed March 28, 2023
File No. 000-21121
Dear Steven DeMartino:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment. Our comment may ask you to provide us with
information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 2022
Item 9A. Disclosure Controls and Procedures
Evaluation of Disclosure Controls and Procedures, page 28
1.We note your disclosures where you indicate that management, including your CEO and
CFO, has concluded that your consolidated financial statements, included in this Form 10-
K, fairly present, in all material respects, your financial condition, results of operations
and cash flows for the periods presented in conformity with generally accepted accounting
principles, and that they can be relied upon. Please amend your filing to provide
management's conclusion on the effectiveness of your disclosure controls and procedures
as of December 31, 2022. Refer to Item 307 of Regulation S-K.
FirstName LastNameSteven DeMartino
Comapany NameTransact Technologies Inc.
May 5, 2023 Page 2
FirstName LastName
Steven DeMartino
Transact Technologies Inc.
May 5, 2023
Page 2
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
You may contact David Edgar, Senior Staff Accountant, at (202) 551-3459 or Kathleen
Collins, Accounting Branch Chief, at (202) 551-3499 with any questions.
Sincerely,
Division of Corporation Finance
Office of Technology