SEC Comment Letter 0000000000-24-011749 to Samsara Luggage, Inc. (SAML) (CIK 0001530163)
Samsara Luggage, Inc. (SAML) (CIK 0001530163)
Date: Oct. 21, 2024 · CIK: 0001530163 · Accession: 0000000000-24-011749
AI Filing Summary & Sentiment
File numbers found in text: 000-54649
Letter
October 21, 2024 John-Paul Backwell Chief Executive Officer and Director Samsara Luggage, Inc. 6 Broadway, Suite 934 New York, NY 10004 Re:Samsara Luggage, Inc. Form 10-K for Fiscal Year Ended December 31, 2023 Form 10-Q for Fiscal Quarter Ended March 31, 2024 Form 10-Q for Fiscal Quarter Ended June 30, 2024 Response dated October 7, 2024 File No. 000-54649 Dear John-Paul Backwell: We have reviewed your October 7, 2024 response to our comment letter and have the following comment(s). Please respond to this letter 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 a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our September 20, 2024 letter. Form 10-Q for Fiscal Quarter Ended June 30, 2024 Note 2 - Summary of Significant Accounting Policies and Basis of Presentation Goodwill, page F-11 We read your response to prior comment 1. As previously requested, please file an Item 4.02 Form 8-K, since the previously issued financial statements included in your March 31, 2024 and June 30, 2024 Forms 10-Q can no longer be relied upon due to the errors requiring restatement. Refer to General Instruction B.1 and Item 4.02 of Form 8-K. In addition, file amended March 31, 2024 and June 30, 2024 Forms 10-Q that: •have been reviewed by your auditors, •disclose your disclosure controls and procedures were not effective,1.
October 21, 2024 Page 2 •include financial statements labeled as restated and •contain the restatement footnote disclosures required by ASC 250-10-50-7 through 50-11. In the restatement footnote, clearly disclose (a) the nature of each error and (b) the effect of each error correction by presenting the as originally reported amount, the error correction amount and the as restated amount for each financial statement line item that changed. Please contact Valeria Franks at 202-551-7705 or Rufus Decker at 202-551-3769 if you have any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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October 21, 2024
John-Paul Backwell
Chief Executive Officer and Director
Samsara Luggage, Inc.
6 Broadway, Suite 934
New York, NY 10004
Re:Samsara Luggage, Inc.
Form 10-K for Fiscal Year Ended December 31, 2023
Form 10-Q for Fiscal Quarter Ended March 31, 2024
Form 10-Q for Fiscal Quarter Ended June 30, 2024
Response dated October 7, 2024
File No. 000-54649
Dear John-Paul Backwell:
We have reviewed your October 7, 2024 response to our comment letter and have the
following comment(s).
Please respond to this letter 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 a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Unless we note otherwise, any references to prior comments are to comments in our
September 20, 2024 letter.
Form 10-Q for Fiscal Quarter Ended June 30, 2024
Note 2 - Summary of Significant Accounting Policies and Basis of Presentation
Goodwill, page F-11
We read your response to prior comment 1. As previously requested, please file an
Item 4.02 Form 8-K, since the previously issued financial statements included in your
March 31, 2024 and June 30, 2024 Forms 10-Q can no longer be relied upon due to
the errors requiring restatement. Refer to General Instruction B.1 and Item 4.02 of
Form 8-K. In addition, file amended March 31, 2024 and June 30, 2024 Forms 10-Q
that:
•have been reviewed by your auditors,
•disclose your disclosure controls and procedures were not effective,1.
October 21, 2024
Page 2
•include financial statements labeled as restated and
•contain the restatement footnote disclosures required by ASC 250-10-50-7
through 50-11.
In the restatement footnote, clearly disclose (a) the nature of each error and (b) the
effect of each error correction by presenting the as originally reported amount, the
error correction amount and the as restated amount for each financial statement line
item that changed.
Please contact Valeria Franks at 202-551-7705 or Rufus Decker at 202-551-3769 if
you have any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services