U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
(Amendment No. 1)
(Mark One)
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2020
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______ to __________
Commission file number 001-10196
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| AFTERMASTER, INC. |
(Exact name of Registrant as specified in its charter)
| DELAWARE | 23-2517953 |
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |
6671 Sunset Blvd., Suite 1520
Hollywood, CA 90028
(Address of principal executive offices) (Zip Code)
| (310) 657-4886 |
(Registrant’s telephone number, including area code)
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
☒ Yes ☐ No
Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files).
☒ Yes ☐ No (Not required)
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☒ |
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
☐ Yes ☒ No
At July 17, 2020, the number of shares outstanding of Common Stock, $0.001 par value, was 704,519,638 shares.
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EXPLANATORY NOTE
Aftermaster, Inc. (the “Company”) is filing this Amendment No. 1 on Form 10-Q/A (this “Amendment”) to amend the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020 (the “Original Form 10-Q”). This Amendment is being filed solely to refer to adjustments to Item 1A. Risk Factors to the Original Form 10-Q in response to comments the Company received from the Securities and Exchange Commission (the “SEC”) on disclosing the conditions and reasons for the Company’s exemption under Release No. 34-88465, COVID-19 Order. Nothing in the Form 10-Q is being amended other than the changes to Item 1A as described above.
This Amendment should be read in conjunction with the Original Form 10-Q and the Company’s other filings with the SEC. Except as stated herein, this Amendment does not reflect events occurring after the filing of the Original Form 10-Q with the SEC on July 6, 2020 and no attempt has been made in this Amendment to modify or update other disclosures as presented in the Original Form 10-Q.
ITEM 1A - RISK FACTORS
The Company is supplementing the risk factors previously disclosed in its most recent periodic reports filed under the Securities Exchange Act of 1934 with the following risk factor:
Our financial performance and operations have been delayed due to the impact of the Corona Virus pandemic which has also slowed down investor funding opportunities.
The recent outbreak of a strain of coronavirus (COVID-19) in the U.S. has had an unfavorable impact on our business operations. Mandatory closures of businesses imposed by the federal, state and local governments to control the spread of the virus is disrupting the operations of our management, business and finance teams. In addition, the COVID-19 outbreak has adversely affected the U.S. economy and financial markets, which may result in a long-term economic downturn that could negatively affect future performance. The extent to which COVID-19 will impact our business and our consolidated financial results will depend on future developments which are highly uncertain and cannot be predicted at the time of the filing of this Form 8-K, but we hope to limit the impact on our business, results of operations and financial condition.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| AFTERMASTER, INC. | ||
| Date: July 17, 2020 | By: | /s/ Larry Ryckman |
| Larry Ryckman, | ||
| Title: Director, President, Chief Executive Officer | ||
| AFTERMASTER, INC. | ||
| Date: July 17, 2020 | By: | /s/ Mirella Chavez |
| Mirella Chavez | ||
| Title: Chief Financial Officer, Secretary | ||
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