SEC Comment Letter 0000000000-23-010273 to DAYBREAK OIL & GAS, INC. (DBRM) (CIK 0001164256)
DAYBREAK OIL & GAS, INC. (DBRM) (CIK 0001164256)
Date: Sept. 18, 2023 · CIK: 0001164256 · Accession: 0000000000-23-010273
AI Filing Summary & Sentiment
File numbers found in text: 000-50107
Letter
United States securities and exchange commission logo September 18, 2023 James Westmoreland Chief Executive Officer Daybreak Oil and Gas, Inc. 1414 S. Friendswood Dr., Suite 212 Friendswood, TX 77546 Re:Daybreak Oil and Gas, Inc. Form 10-K for the Fiscal Year ended February 28, 2022 Filed June 15, 2022 File No. 000-50107 Dear James Westmoreland: We have reviewed your August 17, 2023 response to our comment letter and have the following comment. In our comment, we 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 comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our August 4, 2023 letter. Form 10-K for the Fiscal Year ended February 28, 2022 Item 8. Financial Statements and Supplementary Data, page 51 1.We note that although you agreed to revise, clarify or provide certain disclosures in various response letters since the commencement of this review you have not filed an amendment and are now delinquent in filing your periodic reports.
You were required to file a Form 10-K for your Fiscal Year ended February 28, 2023 by May 29, 2023, and a Form 10-Q for your Fiscal Quarter ended May 31, 2023 by July 17, 2023. Please comply with your reporting obligations under Rule 13a-1 and Rule 13a-13 of Regulation 13A, without further delay.
Please ensure that content of these reports is consistent with the changes you agreed to make in connection with this review.
FirstName LastNameJames Westmoreland Comapany NameDaybreak Oil and Gas, Inc. September 18, 2023 Page 2 FirstName LastName James Westmoreland Daybreak Oil and Gas, Inc. September 18, 2023 Page 2 You may contact Robert Babula, Staff Accountant at (202) 551-3339 or Gus Rodriguez, Staff Accountant at (202) 551-3752 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Energy & Transportation
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United States securities and exchange commission logo
September 18, 2023
James Westmoreland
Chief Executive Officer
Daybreak Oil and Gas, Inc.
1414 S. Friendswood Dr., Suite 212
Friendswood, TX 77546
Re:Daybreak Oil and Gas, Inc.
Form 10-K for the Fiscal Year ended February 28, 2022
Filed June 15, 2022
File No. 000-50107
Dear James Westmoreland:
We have reviewed your August 17, 2023 response to our comment letter and have the
following comment. In our comment, we 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
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional
comments. Unless we note otherwise, our references to prior comments are to comments in our
August 4, 2023 letter.
Form 10-K for the Fiscal Year ended February 28, 2022
Item 8. Financial Statements and Supplementary Data, page 51
1.We note that although you agreed to revise, clarify or provide certain disclosures in
various response letters since the commencement of this review you have not filed
an amendment and are now delinquent in filing your periodic reports.
You were required to file a Form 10-K for your Fiscal Year ended February 28, 2023 by
May 29, 2023, and a Form 10-Q for your Fiscal Quarter ended May 31, 2023 by July 17,
2023. Please comply with your reporting obligations under Rule 13a-1 and Rule 13a-13
of Regulation 13A, without further delay.
Please ensure that content of these reports is consistent with the changes you agreed to
make in connection with this review.
FirstName LastNameJames Westmoreland
Comapany NameDaybreak Oil and Gas, Inc.
September 18, 2023 Page 2
FirstName LastName
James Westmoreland
Daybreak Oil and Gas, Inc.
September 18, 2023
Page 2
You may contact Robert Babula, Staff Accountant at (202) 551-3339 or Gus Rodriguez,
Staff Accountant at (202) 551-3752 if you have questions regarding comments on the financial
statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation