CORE RESOURCE MANAGEMENT, INC.

FORM 10-Q/A

(Amended quarterly report)

Explanatory Note

Core Resource Management, Inc.  (“CRMI”) is filing this Amendment No. 1 to amend the Company’s Quarterly Report on Form 10-Q for the quarter ended on March 31, 2014, originally filed with the Securities and Exchange Commission (the “SEC”) on May 14, 2014 (the “Original Filing”). The Amendment corrects the Company’s erroneous filing errors in regards to the Company’s status.  This Amendment also amends certain other items in the Original Filing, as listed in “Items Amended in the Amendment” below, as a result of the errors.  Nothing within this Amendment has re-stated or altered the financials in any manner.  The items that were incorrect on this statement all relate to the 10Q filing page form, and were clerical errors.

 

 

Restatement Background

As disclosed herein, the Company determined that it had made clerical filing errors in regard to the most recent three months ended March 31, 2014.  Because of such errors, this filing contained misstatements with respect to the Company Status and should no longer be relied upon.

As a result, the Company has restated the Company’s previously reported filing status for the three months ended March 31, 2014 to reflect the following:

• First, as a result of a filing error, the Company was given a check the box demarcation of Company status as a “Shell Company.”  The company is not currently a Shell Company by statutory definition of Rule 12b-2.  As such, the error has been amended herein to appropriately report the Company is a “smaller reporting company” and that the check mark noting the company is a “Shell company” has been modified form “YES” to “NO”.

• Second, a material misstatement was made as to the status as an eXtensible Business Reporting Language “XBRL” filer (electronic reporting and posting to corporate web site).   Within this reporting it was stated that the Company has not filed with XBRL language when indeed it has done so and will continue to do so in the future.

• Finally, a material misstatement was made as to the filing status of the Company “over the past year.”  It was stated that the Company has not filed statements for more than one year, when in fact it has done so.  Reporting records reflect this timely and proper filing over this time period in accordance with SEC rules.

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Items Amended in This Amendment

For the convenience of the reader, this Amendment sets forth the Original Filing, in its entirety, as modified and superseded where necessary to reflect the restatement. The following items in the Original Filing have been amended as a result of, and to reflect, the restatement:

• Filing Form - Change from “Indication of shell Company status” from Yes to NO.  The Company is not a shell Company.

• Filing Form – Change from “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 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,” from No to YES.  The company has filed electronically and does have financial reporting on its web site.

• Filing Form – Change from “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 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,” From No to YES.  The company has filed all reports during the preceding 12 months and has been subject to filing requirements for the past 90 days.

In accordance with applicable SEC rules, this Amendment includes new certifications required under the Securities and Exchange Act of 1934, as amended (“Exchange Act”), dated as of the filing date of this Amendment.

All other information contained in the Company’s Original Filing remains unchanged. The Company has not updated items in this Amendment to reflect events occurring after the Original Filing date, other than those associated with the restatement of the Company’s financial statements. Without limitation to the foregoing, except as noted above, this Amendment does not purport to update Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in the Original Filing or any information, uncertainties, transactions, risks, events or trends occurring, or known to management. For updated information about the Company, refer to the Company’s most recent filings with the SEC. Those filings contain important information regarding events, developments and updates to certain expectations of the Company that have occurred since the Original Filing.