UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
10-K/A
Amendment
No. 1
(Mark
One)
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[X]
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annual
Report UNDER Section 13 or 15(d)
of the Securities Exchange Act of 1934
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For
the Fiscal Year Ended December 31, 2019
OR
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[ ]
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Transition
Report UNDER Section 13 or 15(d)
of the Securities Exchange Act of 1934
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For
the transition period from ______________ to ______________
Commission
file number: 001-37564
BOXLIGHT
CORPORATION
(Exact
name of registrant as specified in its charter)
Nevada
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8211
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46-4116523
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(State
or other jurisdiction of
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(Primary
Standard Industrial
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(I.R.S.
Employer
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incorporation
or organization)
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|
Classification
Code Number)
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Identification
Number)
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BOXLIGHT
CORPORATION
1045
Progress Circle
Lawrenceville,
Georgia 30043
Phone:
(678) 367-0809
(Address,
including zip code, and telephone number, including area code, of the registrant’s principal executive offices)
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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|
Name
of each exchange on which registered
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Common
Stock, $0.0001 par value
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NASDAQ
Capital Market
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Securities
registered pursuant to section 12(g) of the Act: NONE
Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [ ]
No [X]
Indicate
by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes [ ]
No [X]
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 [X] No [ ]
Indicate
by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted 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
such files). Yes [X] No [ ]
Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not
contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K [ ]
Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”,
“smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large
accelerated filer
|
[ ]
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Accelerated
filer
|
[ ]
|
|
|
|
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Non-accelerated
filer
|
[ ]
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Smaller
reporting company
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[X]
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|
|
|
|
|
|
Emerging
growth company
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[X]
|
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided to Section 7(a)(2)(B) of the Securities Act. [ ]
State
the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price
at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day
of the registrant’s most recently completed second fiscal quarter. $11,752,079.
Indicate
by check mark if the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes [ ] No [X]
The
number of shares outstanding of the registrant’s common stock on May 4, 2020 was 14,535,657.
DOCUMENTS
INCORPORATED BY REFERENCE
None
EXPLANATORY
NOTE
Boxlight
Corporation (the “Company”, “we”, “us” or “our”) is filing this Amendment No.
1 on Form 10-K/A (this “Amendment”) to its Annual Report on Form 10-K for the year ended December 31, 2019, originally
filed with the Securities and Exchange Commission (the “SEC”) on May 13, 2020 (the “Form 10-K”), to provide
additional disclosure information, which was inadvertently omitted from the Form 10-K, to disclose that the Company had filed
the Form 10-K after the March 31, 2020 deadline applicable to the Company for the filing in reliance on the 45-day extension provided
by the Order of the SEC, issued on March 4, 2020 and as revised on March 25, 2020 pursuant to Section 36 of the Exchange Act,
granting exemptions from specified provisions of the Exchange Act and certain rules thereunder (Release No. 34-88465) (the “Order”).
Reliance
on SEC Relief from Filing Requirements
On
March 20, 2020, the Company filed a Current Report on Form 8-K (the “Current Report”) to indicate its intention to
rely on the Order to delay the filing of its Form 10-K. Specifically, the Company disclosed that it required additional time to
finalize its Form 10-K due to circumstances related to the global pandemic of COVID-19 coronavirus disease (“COVID-19”).
As stated in the Current Report, the Company’s operations and business experienced disruption due to the unprecedented conditions
surrounding the COVID-19 pandemic spreading throughout the United States and the world and thus the Company was unable to timely
review and prepare the Company’s financial statements for the 2019 fiscal year.
In
accordance with Rules 12b-15 and 13a-14 under the Exchange Act, the Company has also amended Part IV, Item 15, to include currently
dated certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 from the Company’s principal executive officer
and principal financial officer. Because no financial statements have been included in this Amendment and this Amendment does
not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications
have been omitted. Similarly, because no financial statements have been included in this Amendment, certifications pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002 have been omitted.
This
Amendment consists solely of the preceding cover page, this explanatory note, a signature page and the certifications required
to be filed as exhibits hereto. Except as described in the explanatory note and this disclosure, this Amendment does not amend
any other information set forth in the Form 10-K, and the Company has not updated disclosures to reflect any events that occurred
subsequent to May 13, 2020. Accordingly, this Amendment should be read in conjunction with the Form 10-K and with the Company’s
other filings made with the SEC subsequent to the filing of the Form 10-K.
PART
IV
ITEM
15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933 the registrant has duly caused this Amendment No. 1 to the Annual Report on
Form 10-K/A to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Lawrenceville, of the State
of Georgia, on this 13th day of July, 2020.
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BOXLIGHT
CORPORATION
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By:
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/s/
Michael Pope
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Michael
Pope
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Chief
Executive Officer
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(Principal
Executive Officer)
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By:
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/s/
TAKESHA BROWN
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Takesha
Brown
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Chief
Financial Officer
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(Principal
Financial Officer)
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