SEC Comment Letter for LIQTECH INTERNATIONAL INC (LIQT) (CIK 0001307579) (LIQT) — Nov 23, 2011
LIQTECH INTERNATIONAL INC (LIQT) (CIK 0001307579)
Date: Nov. 23, 2011 · CIK: 0001307579 · Accession: 0000000000-11-068086
AI Filing Summary & Sentiment
Reasoning
Letter
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549-4631 DIVISION OF CORPORATION FINANCE November 23, 2011 Via U.S. Mail Mr. Lasse Andreassen Chief Executive Officer LiqTech International, Inc. Grusbakken 12 DK-2820 Gentofte, Denmark Re: LiqTech International, Inc., formerly Blue Moose Media, Inc. Amendment 2 to Current Report on Form 8-K Filed November 15, 2011 File No. 0-53769
Dear Mr. Andreassen: We reviewed the filing and have the comments below. Summary, page 1
1. Please provide a more comprehensive description of your accounting for the sale of warrants. In your response, please describe how you allocated proceeds to the shares of common stock and to the warrants and how you recorded each feature. Cash Flows, page 16
2. We note your disclosure indicating that there are longer payment terms for certain specific customers. In future filings, please explain how you decide to grant longer payment terms and the potential impact on your liquidity.
Mr. Lasse Andreassen LiqTech International, Inc. November 23, 2011 Page 2 You may direct questions on accounting comments to Melinda J. Hooker, Staff Accountant, at (202) 551-3732 or W. John Cash, Accounting Branch Chief, at (202) 551-3768. You may direct questions on other comments and di sclosure issues to Edward M. Kelly, Esq. at 202-551-3728 or me at (202) 551-3397 if you have any questions on the comments. Very truly yours, / s / J a y E . I n g r a m Jay E. Ingram Legal Branch Chief cc: Via Facsimile
George Lander, Esq. Morse, Zelnich, Rose & Lander, LLP 405 Park Avenue, Suite 1401 New York, NY 10022
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-4631
DIVISION OF
CORPORATION FINANCE
November 23, 2011
Via U.S. Mail
Mr. Lasse Andreassen Chief Executive Officer LiqTech International, Inc. Grusbakken 12 DK-2820 Gentofte, Denmark
Re: LiqTech International, Inc., formerly Blue Moose Media, Inc.
Amendment 2 to Current Report on Form 8-K Filed November 15, 2011 File No. 0-53769
Dear Mr. Andreassen:
We reviewed the filing and have the comments below.
Summary, page 1
1. Please provide a more comprehensive description of your accounting for the sale of warrants.
In your response, please describe how you allocated proceeds to the shares of common stock and to the warrants and how you recorded each feature.
Cash Flows, page 16
2. We note your disclosure indicating that there are longer payment terms for certain specific
customers. In future filings, please explain how you decide to grant longer payment terms and the potential impact on your liquidity.
Mr. Lasse Andreassen
LiqTech International, Inc. November 23, 2011 Page 2
You may direct questions on accounting comments to Melinda J. Hooker, Staff
Accountant, at (202) 551-3732 or W. John Cash, Accounting Branch Chief, at (202) 551-3768.
You may direct questions on other comments and di sclosure issues to Edward M. Kelly, Esq. at
202-551-3728 or me at (202) 551-3397 if you have any questions on the comments.
Very truly yours,
/ s / J a y E . I n g r a m
Jay E. Ingram Legal Branch Chief
cc: Via Facsimile
George Lander, Esq. Morse, Zelnich, Rose & Lander, LLP 405 Park Avenue, Suite 1401 New York, NY 10022