SEC Comment Letter for Stereotaxis, Inc. (STXS) (CIK 0001289340) (STXS) — Oct 12, 2007
Stereotaxis, Inc. (STXS) (CIK 0001289340)
Date: Oct. 12, 2007 · CIK: 0001289340 · Accession: 0000000000-07-050054
AI Filing Summary & Sentiment
Reasoning
Letter
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
Mail Stop 6010
October 12, 2007
Via Facsimile and U.S. Mail
Mr. Bevil J. Hogg Chief Executive Officer Stereotaxis, Inc. 4320 Forest Park Avenue, Suite 100 St. Louis, MO 63108 Re: Stereotaxis, Inc. Form 10-K for the year ended December 31, 2006 Filed March 13, 2007 Form 10-Q for the quarter ended June 30, 2007 File No. 0-50884 Dear Mr. Hogg:
We have reviewed your filing and have the following comment. We have limited our review to only your financial statements and related disclosures and will make no further review of your documents. Where indicated, we think you should revise your document in response to this comment. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. Please be as detailed as necessary in your explanation. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. After reviewing this information, we may raise additional comments. Please understand that the purpose of our review process is to assist you in your compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. We look forward to working with you in these respects. We welcome any questions you may have about our comments or on any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter.
Mr. Bevil J. Hogg Stereotaxis, Inc. October 12, 2007 Page 2
Form 10-Q for the Quarterly Period Ended June 30, 2007
Financial Information, page 3
Revenue Recognition, page 6
1. Please refer to prior comment 15. Please disclose, similar to your response, that you changed how you applied SAB 104 and EITF 00-21, why you made the change, and when you made the change.
As appropriate, please respond to this comment within 10 business days or tell us when you will provide us with a response. Please furnish a cover letter with your response that keys your response to our comment and provides any requested information. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your amendment and responses to our comments. You may contact David Burton, Staff Account ant, at (202) 551-3626 or me at (202) 551- 3604 if you have questions regarding these comments. In this regard, do not hesitate to contact Martin James, Senior Assistant Chief Accountant, at (202) 551-3671.
S i n c e r e l y , Kaitlin Tillan Assistant Chief Accountant
Show Raw Text
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Mail Stop 6010
October 12, 2007
Via Facsimile and U.S. Mail
Mr. Bevil J. Hogg Chief Executive Officer Stereotaxis, Inc. 4320 Forest Park Avenue, Suite 100 St. Louis, MO 63108
Re: Stereotaxis, Inc.
Form 10-K for the year ended December 31, 2006
Filed March 13, 2007
Form 10-Q for the quarter ended June 30, 2007 File No. 0-50884
Dear Mr. Hogg:
We have reviewed your filing and have the following comment. We have limited our
review to only your financial statements and related disclosures and will make no further review of your documents. Where indicated, we think you should revise your document in response to this comment. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. Please be as detailed as necessary in your explanation. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. After reviewing this information, we may raise additional comments.
Please understand that the purpose of our review process is to assist you in your
compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. We look forward to working with you in these respects. We welcome any questions you may have about our comments or on any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter.
Mr. Bevil J. Hogg
Stereotaxis, Inc. October 12, 2007 Page 2
Form 10-Q for the Quarterly Period Ended June 30, 2007
Financial Information, page 3
Revenue Recognition, page 6
1. Please refer to prior comment 15. Please disclose, similar to your response, that you changed how you applied SAB 104 and EITF 00-21, why you made the change, and when you made the change.
As appropriate, please respond to this comment within 10 business days or tell us when
you will provide us with a response. Please furnish a cover letter with your response that keys your response to our comment and provides any requested information. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your amendment and responses to our comments.
You may contact David Burton, Staff Account ant, at (202) 551-3626 or me at (202) 551-
3604 if you have questions regarding these comments. In this regard, do not hesitate to contact Martin James, Senior Assistant Chief Accountant, at (202) 551-3671.
S i n c e r e l y ,
Kaitlin Tillan
Assistant Chief Accountant