SEC Comment Letter for BLUE BIOFUELS, INC. (BIOF) (CIK 0001549145) (BIOF) — Nov 1, 2016
BLUE BIOFUELS, INC. (BIOF) (CIK 0001549145)
Date: Nov. 1, 2016 · CIK: 0001549145 · Accession: 0000000000-16-099169
AI Filing Summary & Sentiment
Letter
Mail Stop 4631 November 1 , 2016 Via US Mail Mr. Daniel de Liege Chief Executive Officer Alliance BioEnergy Plus, Inc. 400 N. Congress Avenue, Suite 130 West Palm Beach, FL 33401
Re: Alliance BioEnergy Plus, Inc. Form 10 -K for Fiscal Year Ended December 31, 2015 Filed April 13, 2016 Form 10 -Q for the Quarter Ended March 31, 2016 Filed May 13, 2016 File No. 0-54942
Dear Mr. Liege :
We have reviewed your filing s and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to these comments within ten busine ss days by providing the requested information or advis e us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 10 -K for the Year Ended December 31, 2015
Item 9A – Controls and Procedures, Page F -23
1. Please amend your Form 10 -K to provide management’s conclusion as to whether disclosure controls and procedures were effective as of December 31, 2015. In addit ion, please also identify which version, 1992 or 2013, of the COSO framework management used in performing its assessment of internal control over financial reporting.
Mr. Daniel de Liege Alliance BioEnergy Plus, Inc. November 1 , 2016 Page 2
Form 10 -Q for the Quarter Ended March 31, 2016
Item 4 – Controls and Procedures, Page 22
2. Please explain to us how you concluded that your disclosure controls and procedures were effective as of March 31, 2016 and June 30, 2016 considering that your internal controls over financial reporting was not effective as of these dates.
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or a bsence of action by the staff.
You may contact SiSi Cheng , Staff Accountant, at (202) 551 -5004 or me at (202) 551 - 3768 if you have any questions.
Sincerely,
/s/ John Cash
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Mail Stop 4631 November 1 , 2016 Via US Mail Mr. Daniel de Liege Chief Executive Officer Alliance BioEnergy Plus, Inc. 400 N. Congress Avenue, Suite 130 West Palm Beach, FL 33401 Re: Alliance BioEnergy Plus, Inc. Form 10 -K for Fiscal Year Ended December 31, 2015 Filed April 13, 2016 Form 10 -Q for the Quarter Ended March 31, 2016 Filed May 13, 2016 File No. 0-54942 Dear Mr. Liege : We have reviewed your filing s and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten busine ss days by providing the requested information or advis e us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10 -K for the Year Ended December 31, 2015 Item 9A – Controls and Procedures, Page F -23 1. Please amend your Form 10 -K to provide management’s conclusion as to whether disclosure controls and procedures were effective as of December 31, 2015. In addit ion, please also identify which version, 1992 or 2013, of the COSO framework management used in performing its assessment of internal control over financial reporting. Mr. Daniel de Liege Alliance BioEnergy Plus, Inc. November 1 , 2016 Page 2 Form 10 -Q for the Quarter Ended March 31, 2016 Item 4 – Controls and Procedures, Page 22 2. Please explain to us how you concluded that your disclosure controls and procedures were effective as of March 31, 2016 and June 30, 2016 considering that your internal controls over financial reporting was not effective as of these dates. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or a bsence of action by the staff. You may contact SiSi Cheng , Staff Accountant, at (202) 551 -5004 or me at (202) 551 - 3768 if you have any questions. Sincerely, /s/ John Cash John Cash Accounting Branch Chief Office of Manufacturing and Construction