SEC Comment Letter for Beyond Air, Inc. (XAIR) (CIK 0001641631) (XAIR) — Dec 23, 2015
Beyond Air, Inc. (XAIR) (CIK 0001641631)
Date: Dec. 23, 2015 · CIK: 0001641631 · Accession: 0000000000-15-059316
AI Filing Summary & Sentiment
Reasoning
Referenced dates: October 28, 2015
Letter
Mail Stop 4561 December 23, 2015 Jason Lane President, Chief Executive Officer, and Chief Financial Officer KokiCare, Inc. 26716 Via Colina Stevenson Ranch, CA 91381
Re: KokiCare, Inc. Amendment No. 1 to Registration Statement on Form S -1 Filed December 11, 2015 File No. 333 -207220
Dear Mr. Lane:
We have reviewed your amended registration statement and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Unless otherwise noted, references in this letter to prior comments refer to our letter dated October 28, 2015 .
Please respond to this letter by amending your registration statement and provid ing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement an d the information you provide in response to this comment, we may have additional comments.
Implications of Being an Emerging Growth Company, page 3
1. We note that you removed the disclosure indicating that you “ have elected not to use the extended trans ition period” for complying with new and revised accounting standards. Please revise to reinstate this disclosure and as previously requested, revise to disclose that your election to opt out of the extended transition period for complying with new and re vised accounting standards is irrevocable. Alternatively, explain why you believe revision is not necessary.
Jason Lane KokiCare, Inc. December 23 , 2015 Page 2
You may contact David Edgar, Staff Accountant, at (202) 551 -3459 or Kathleen Collins, Accounting Branch Chief, at (202) 551 -3499 if you have q uestions regarding the comment on the financial statements and related matters. Please contact Gabriel Eckstein, Staff Attorney, at (202) 551 -3286 or, in his absence, the undersigned at (202) 551 -3456 with any other questions. If you require further assi stance, you may contact Barbara C. Jacobs, Assistant Director, at (202) 551-3730.
Sincerely,
/s/ Matthew Crispino
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Mail Stop 4561
December 23, 2015
Jason Lane
President, Chief Executive Officer, and Chief Financial Officer
KokiCare, Inc.
26716 Via Colina
Stevenson Ranch, CA 91381
Re: KokiCare, Inc.
Amendment No. 1 to Registration Statement on Form S -1
Filed December 11, 2015
File No. 333 -207220
Dear Mr. Lane:
We have reviewed your amended registration statement and have the following comment.
In our comment, we may ask you to provide us with information so we may better understand
your disclosure. Unless otherwise noted, references in this letter to prior comments refer to our
letter dated October 28, 2015 .
Please respond to this letter by amending your registration statement and provid ing the
requested information. If you do not believe our comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement an d the information you
provide in response to this comment, we may have additional comments.
Implications of Being an Emerging Growth Company, page 3
1. We note that you removed the disclosure indicating that you “ have elected not to use the
extended trans ition period” for complying with new and revised accounting
standards. Please revise to reinstate this disclosure and as previously requested, revise to
disclose that your election to opt out of the extended transition period for complying with
new and re vised accounting standards is irrevocable. Alternatively, explain why you
believe revision is not necessary.
Jason Lane
KokiCare, Inc.
December 23 , 2015
Page 2
You may contact David Edgar, Staff Accountant, at (202) 551 -3459 or Kathleen Collins,
Accounting Branch Chief, at (202) 551 -3499 if you have q uestions regarding the comment on
the financial statements and related matters. Please contact Gabriel Eckstein, Staff Attorney, at
(202) 551 -3286 or, in his absence, the undersigned at (202) 551 -3456 with any other questions.
If you require further assi stance, you may contact Barbara C. Jacobs, Assistant Director, at (202)
551-3730.
Sincerely,
/s/ Matthew Crispino
Matthew Crispino
Staff Attorney
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