SEC Comment Letter 0000000000-23-006469 to Endexx Corp (EDXC) (CIK 0001109486) (EDXC)
Endexx Corp (EDXC) (CIK 0001109486)
Date: June 15, 2023 · CIK: 0001109486 · Accession: 0000000000-23-006469
AI Filing Summary & Sentiment
File numbers found in text: 000-30233
Letter
United States securities and exchange commission logo June 15, 2023 Todd Davis President and Chief Executive Officer Endexx Corporation 38246 North Hazelwood Circle Cave Creek, AZ 85331 Re:Endexx Corporation Form 10-K for the Fiscal Year Ended September 30, 2022 Filed January 13, 2023 Amendment No. 1 to Form 10-K for the Fiscal Year Ended September 30, 2022 Filed June 9, 2023 File No. 000-30233 Dear Todd Davis: We have reviewed your amended filing and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments 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 these comments, we may have additional comments. Amendment No. 1 to Form 10-K for the Fiscal Year Ended September 30, 2022 Item 8. Financial Statements and Supplementary Data, page 32 1.Your financial statements for the fiscal year ended September 30, 2022 appear to be materially inconsistent with your previously issued financial statements for the same period. Please clearly identify these financial statements as “restated” and provide appropriate disclosures required by ASC 250-10-50-7. In addition, please file an Item 4.02 Form 8-K for non-reliance on your previously issued financial statements. Report of Independent Registered Public Accounting Firm, page F-1 2.Please have your auditor revise their audit report to include an explanatory paragraph stating that the previously issued financial statements have been restated for the correction of a misstatement and make reference to the disclosure of the correction of the
FirstName LastNameTodd Davis Comapany NameEndexx Corporation June 15, 2023 Page 2 FirstName LastName Todd Davis Endexx Corporation June 15, 2023 Page 2 misstatement in the footnotes to the financial statements. Refer to paragraphs .9 and .16- .17 of AS 2820 and paragraph .18 of AS 3101. 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 Keira Nakada at 202-551-3659 or Suying Li at 202-551-3335 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
Show Raw Text
United States securities and exchange commission logo
June 15, 2023
Todd Davis
President and Chief Executive Officer
Endexx Corporation
38246 North Hazelwood Circle
Cave Creek, AZ 85331
Re:Endexx Corporation
Form 10-K for the Fiscal Year Ended September 30, 2022
Filed January 13, 2023
Amendment No. 1 to Form 10-K for the Fiscal Year Ended September 30, 2022
Filed June 9, 2023
File No. 000-30233
Dear Todd Davis:
We have reviewed your amended filing and have the following comments. In some of
our comments, we may ask you to provide us with information so we may better understand your
disclosure.
Please respond to these comments 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 these comments, we may have additional comments.
Amendment No. 1 to Form 10-K for the Fiscal Year Ended September 30, 2022
Item 8. Financial Statements and Supplementary Data, page 32
1.Your financial statements for the fiscal year ended September 30, 2022 appear to be
materially inconsistent with your previously issued financial statements for the same
period. Please clearly identify these financial statements as “restated” and provide
appropriate disclosures required by ASC 250-10-50-7. In addition, please file an Item
4.02 Form 8-K for non-reliance on your previously issued financial statements.
Report of Independent Registered Public Accounting Firm, page F-1
2.Please have your auditor revise their audit report to include an explanatory paragraph
stating that the previously issued financial statements have been restated for the correction
of a misstatement and make reference to the disclosure of the correction of the
FirstName LastNameTodd Davis
Comapany NameEndexx Corporation
June 15, 2023 Page 2
FirstName LastName
Todd Davis
Endexx Corporation
June 15, 2023
Page 2
misstatement in the footnotes to the financial statements. Refer to paragraphs .9 and .16-
.17 of AS 2820 and paragraph .18 of AS 3101.
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 Keira Nakada at 202-551-3659 or Suying Li at 202-551-3335 with any
questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services