Amended Quarterly Report (10-q/a)
September 24 2015 - 9:11AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Amendment No. 1
(Mark One)
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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2009 |
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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: 000—51977
MyECheck, Inc.
(Exact name of registrant as specified in
its charter)
Nevada |
N/A |
(State or other jurisdiction of incorporation) |
(IRS Employer Identification No.) |
1190 Suncast Lane, Suite 5
El Dorado Hills, CA 95762
(Address of principal
executive offices)
(916) 932-0900
(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 past 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 x
No ¨
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, or a non-accelerated filer (see definition of “large accelerated filer and accelerated filer”
in Rule 12b-2 of the Exchange Act).
Large
Accelerated Filer ¨
Accelerated Filer ¨
Non-Accelerated Filer ¨
Smaller Reporting Company x
Indicate by check mark whether the registrant is a shell company
(as defined by Rule 12b-2 of the Exchange Act).
Yes ¨
No x
The number of outstanding shares of the Registrant’s Common
Stock on May 1, 2009 was 69,937,501 shares.
Explanatory Note
MyECheck, Inc. is filing this Amendment
No. 1 (the “Form 10-Q/A) to its Quarterly Report on Form 10-Q for the quarter ended March 31, 2009, filed with the U.S. Securities
and Exchange Commission (“SEC”) on May 14, 2009, for the sole purpose of correcting erroneous information disclosed
in the first paragraph of the section titled “Reverse Acquisition and Recapitalization” in Note 1 of the Notes to Consolidated
Financial Statements (the “Erroneous Section”). The Erroneous Section incorrectly stated that Sekoya Holdings, Ltd.
(“Sekoya”) was a “shell corporation.” Sekoya was not a shell company and the sole purpose of this Form
10-Q/A is to correct the erroneous statement to the contrary. Accordingly, the Erroneous Section is hereby amended to read as follows:
Reverse Acquisition and Recapitalization
On March 14, 2008, Sekoya,
a Nevada corporation, merged with MEC and MEC became the surviving corporation. This transaction was accounted for as a reverse
acquisition. Sekoya was a development stage company and majority-voting control was transferred to MEC. The transaction also requires
a recapitalization of MEC. Since MEC acquired a controlling voting interest, it was deemed the accounting acquirer, while Sekoya
was deemed the legal acquirer. The historical financial statements of the Company are those of MEC, and of the consolidated entities
from the date of Merger and subsequent.
Since the transaction was
considered a reverse acquisition and recapitalization, the guidance in SFAS No. 141 did not apply for purposes of presenting
pro-forma financial information.
Pursuant to the Merger, Sekoya’s majority
stockholder cancelled 125,000,000 shares of common stock and the Company concurrently issues 39,562,501 shares of common stock
to MEC. Upon the closing of the reverse acquisition, MEC stockholders held 60% of the issued and outstanding shares
of common stock.
No other changes have been made to the Form
10-Q. This Form 10-Q/A should be read in connection with the Form 10-Q which continues to speak as of the filing date of the Form
10-Q. Except as specifically noted above, this Form 10-Q/A does not modify or update disclosures in the Form 10-Q. Accordingly,
this Form 10-Q/A does not reflect events that may have occurred subsequent to the original filing date of the Form 10-Q.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
September 23, 2015 |
MYECHECK, INC. |
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/s/ Edward R. Starrs |
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Edward R. Starrs, President |
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/s/ Bruce M. Smith |
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Bruce M. Smith, Chief Financial Officer |