SEC Comment Letter for Dolphin Entertainment, Inc. (DLPN) (CIK 0001282224) (DLPN) — Feb 28, 2008
Dolphin Entertainment, Inc. (DLPN) (CIK 0001282224)
Date: Feb. 28, 2008 · CIK: 0001282224 · Accession: 0000000000-08-010498
AI Filing Summary & Sentiment
Reasoning
Referenced dates: February 22, 2008, September 20, 2007
Letter
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Mail Stop 3720 February 28, 2008 Mr. Enzo Taddei Chief Financial Officer Logica Holdings, Inc. 82 Avenue Road Toronto, Ontario M5R 2H2, Canada Re: Logica Holdings, Inc. Form 10-KSB for the Year Ended December 31, 2006 Filed May 15, 2007 Form 10-QSB for the Quarter Ended September 30, 2007 File No. 0-50621
Dear Mr. Taddei: We have reviewed your supplemental response letter dated February 22, 2008, as well as your filings and have the following comments. As noted in our comment letter dated September 20, 2007, we have limited our review to your financial statements and related disclosures and do not intend to expand our review to other portions of your documents. Form 8-K/A dated July 13, 2007, filed January 24, 2008
Report of Independent Registered Public Accounting Firm, page F-9
1. Please revise to include an audit opinion that identifies and is signed by the issuing firm.
Mr. Enzo Taddei Logica Holdings, Inc. February 28, 2008 Page 2
Plays on the Net and Subsidiaries
Balance Sheet as of December 31, 2006
Note 3. Equipment, page F-20 2. We refer to your asset “Work in Process” of $396,853 as of December 31, 2006, which appears to consists of expenditures for the development of a computer software project. Please tell us in more detail about the nature of these costs and specifically how you met the criteria set under SOP 98-1 for capitalization. Note 4. Intangible Asset, page F-20
3. We refer to your intangible asset, “Publishers’ Contracts” of $140,450 as of December 31, 2006. Please tell us in detail the nature of this asset, and your basis for capitalization in accordance with GAAP. Please cite the accounting literature that you relied upon in this conclusion.
* * * * Please respond to these comments within 10 business days or tell us when you will provide us with a response. Please furnish a letter that keys your responses to our comments and provides any requested information. Detailed letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your responses to our comments. You may contact Christy Adams, Staff Accountant, at (202) 551-3363 or Ivette Leon, Assistant Chief Accountant, at (202) 551-3351 if you have questions regarding comments on the financial statements and related matters. Please contact me at (202) 551-3810 with any other questions. S i n c e r e l y , / s / L a r r y S p i r g e l A s s i s t a n t D i r e c t o r
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Mail Stop 3720
February 28, 2008
Mr. Enzo Taddei Chief Financial Officer Logica Holdings, Inc. 82 Avenue Road Toronto, Ontario M5R 2H2, Canada
Re: Logica Holdings, Inc.
Form 10-KSB for the Year Ended December 31, 2006
Filed May 15, 2007
Form 10-QSB for the Quarter Ended September 30, 2007 File No. 0-50621
Dear Mr. Taddei:
We have reviewed your supplemental response letter dated February 22, 2008, as
well as your filings and have the following comments. As noted in our comment letter dated September 20, 2007, we have limited our review to your financial statements and related disclosures and do not intend to expand our review to other portions of your documents. Form 8-K/A dated July 13, 2007, filed January 24, 2008
Report of Independent Registered Public Accounting Firm, page F-9
1. Please revise to include an audit opinion that identifies and is signed by the issuing firm.
Mr. Enzo Taddei
Logica Holdings, Inc. February 28, 2008 Page 2
Plays on the Net and Subsidiaries
Balance Sheet as of December 31, 2006
Note 3. Equipment, page F-20
2. We refer to your asset “Work in Process” of $396,853 as of December 31, 2006, which appears to consists of expenditures for the development of a computer software project. Please tell us in more detail about the nature of these costs and specifically how you met the criteria set under SOP 98-1 for capitalization.
Note 4. Intangible Asset, page F-20
3. We refer to your intangible asset, “Publishers’ Contracts” of $140,450 as of December 31, 2006. Please tell us in detail the nature of this asset, and your basis for capitalization in accordance with GAAP. Please cite the accounting literature that you relied upon in this conclusion.
* * * *
Please respond to these comments within 10 business days or tell us when you
will provide us with a response. Please furnish a letter that keys your responses to our comments and provides any requested information. Detailed letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your responses to our comments.
You may contact Christy Adams, Staff Accountant, at (202) 551-3363 or Ivette
Leon, Assistant Chief Accountant, at (202) 551-3351 if you have questions regarding
comments on the financial statements and related matters. Please contact me at (202) 551-3810 with any other questions. S i n c e r e l y , / s / L a r r y S p i r g e l A s s i s t a n t D i r e c t o r