Great Basin Scientific, Inc. - FORM 10-Q/A - October 21, 2016

Attached files

file filename
EX-31.2 - CFO CERT - Great Basin Scientific, Inc.ex31_2.htm
EX-31.1 - CEO CERT - Great Basin Scientific, Inc.ex31_1.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
___________________________
FORM 10-Q/A
Amendment No. 1
___________________
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2016
☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     
Commission File Number 001-36662
 
GREAT BASIN SCIENTIFIC, INC.
(Exact name of registrant as specified in its charter)
 
 
Delaware
  
83-0361454
(State or other jurisdiction of
incorporation or organization)
  
(IRS Employer
Identification No.)
     
420 E. South Temple, Suite 520, Salt Lake City, UT
  
84111
(Address of principal executive offices)
  
(Zip Code)
(801) 990-1055
(Registrant’s telephone number, including area code)
 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed under 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  ☐
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
  
☐  (Do not check if a smaller reporting company)
  
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  ☒
The issuer had 65,297,085 shares of common stock outstanding as of October 20, 2016.



EXPLANATORY NOTE

This Amendment No. 1 on Form 10-Q/A (“Amendment No. 1”) amends the Quarterly Report on Form 10-Q of Great Basin Scientific Inc. (the “Registrant”) for the fiscal quarter ended March 31, 2016, filed with the Securities and Exchange Commission (“SEC”) on May 12, 2016 (the “Original 10-Q”). This Amendment No. 1 is being filed for the sole purpose of correcting the certifications required by Rules 13a-15(e) and 15d-15(e) of the Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (the “302 Certifications”), certain provisions of which were inadvertently omitted when the Original 10-Q was filed. The amended 302 Certifications are being filed in their entirety as Exhibits 31.1 and 31.2 to this Amendment No. 1. Each certification, as corrected by this amended Quarterly Report on Form 10-Q/A, was true and correct as of the date of the Original Report.

Except as described above, this Amendment No. 1 does not amend any other information set forth in the Original 10-Q and the the Registrant has not updated disclosures included therein to reflect any events that occurred subsequent to May 12, 2016. Accordingly, this Amendment No. 1 should be read in conjunction with the Original 10-Q and the Registrant’s filings made with the SEC subsequent to the filing of the Original 10-Q. The filing of this Amendment No. 1 shall not be deemed an admission by the Registrant that the Original 10-Q, when made, included any untrue statement of a material fact or omitted to state a material fact necessary to make a statement contained therein not misleading.

ITEM 6.  EXHIBITS
The list of exhibits in the Exhibit Index to this quarterly report is incorporated herein by reference.
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.
 
   
GREAT BASIN SCIENTIFIC, INC.
       
Dated: October 21, 2016
      
By:
  
/s/ Ryan Ashton
       
Ryan Ashton
       
President, Chief Executive Officer, and Director
(Principal Executive Officer)
       
Dated: October 21, 2016
      
By:
  
/s/ Jeffrey A. Rona
       
Jeffrey A. Rona
       
Chief Financial Officer
(Principal Financial and Accounting Officer)

EXHIBIT INDEX

Exhibit
No.
  
Description
     
3.1
  
Seventh Amended and Restated Certificate of Incorporation of Great Basin Scientific, Inc. as amended through March 30, 2016 (19)
     
3.3
  
Amended and Restated Bylaws of Great Basin Scientific, Inc. (2)
     
3.4
  
Form of Certificate of Designation of Series E Convertible Preferred Stock. (5)
     
3.5
  
Certificate of Amendment to Certificate of Designation of Series E Convertible Preferred Stock, as filed with the Delaware Secretary of State on June 23, 2015. (7)
     
4.1
  
Specimen certificate evidencing shares of common stock. (2)
     
4.2
  
Amended and Restated Voting Agreement dated as of July 30, 2014. (1)
     
4.3
  
Third Amended and Restated Investor Rights Agreement dated as of April 21, 2014. (1)
     
4.4
  
Form of Second Amended and Restated Series C Warrant. (8)
     
4.5
  
Form of Warrant to Purchase common stock. (4)
     
4.6
  
Form of Warrant to Purchase common stock or Preferred Stock. (4)
     
4.7
  
Form of Warrant to Purchase common stock. (4)
     
4.8
  
Form of Series A Warrant. (3)
     
4.9
  
Form of Series B Warrant. (3)
     
4.10
  
Amended and Restated Form of Series C Warrant (amended and restated as of June 23, 2015). (7)
     
4.11
  
Form of Unit Purchase Option issued in connection with the Registrant’s follow-on offering. (5)
     
4.12
  
Form of Representative’s Warrant issued in connection with the Registrant’s initial public offering. (3)
     
4.13
  
Form of Senior Secured Convertible Note, filed as Exhibit A to the Securities Purchase Agreement (9)
     
4.14
  
Form of Series D Warrant, filed as Exhibit B to the Securities Purchase Agreement (9)
     
4.15
  
Form of Series E Warrant (16)
     
4.16
  
Form of Subscription Agreement (16)
     
10.1
  
Amendment Agreement to Securities Purchase Agreement between the Company and certain holders of its Notes and Series D warrants, dated February 8, 2016 (10)
     
 
 
 
 Exhibit
No.
   Description 
10.2
  
Settlement Agreement between the Company and Dawson James dated February 8, 2016 (11)
     
10.3
  
Consulting Agreement between the Company and Dawson James dated February 8, 2016 (11)
     
10.4
  
Amendment Agreement to Registration Rights Agreement between the Company and certain holders of its convertible notes and Series D warrants, dated February 13, 2016. (14)
     
10.5
  
Placement Agent Agreement by and between the Company and Roth Capital Partners, LLC (16)
     
10.6
  
Form of Second Amendment Agreement to the Registration Rights Agreement (17)
     
10.7
  
Second Amendment to Lease between Bay Pacific East South Temple, LLC and Great Basin Scientific, Inc. (18)
     
31.1
  
Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
31.2
  
Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
32.1
  
Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.(19)
     
32.2
  
Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.(19)
     
101.INS
  
XBRL Instance Document (19)
     
101.SCH
  
XBRL Taxonomy Extension Schema Document(19)
     
101.CAL
  
XBRL Taxonomy Extension Calculation Linkbase Document (19)
     
101.DEF
  
BRL Taxonomy Extension Definition Linkbase Document (19)
     
101.LAB
  
XBRL Taxonomy Extension Label Linkbase Document (19)
     
101.PRE
  
XBRL Taxonomy Extension Presentation Linkbase Document (19)
 
@ Portions of this exhibit (indicated by asterisks) have been omitted pursuant to a grant of confidential treatment from the SEC.
(1) Filed as an exhibit to Amendment No. 1 to the Registrant’s Registration Statement on Form S-1 (File No. 333-197954) filed with the SEC on August 20, 2014, and incorporated herein by reference.
(2) Filed as an exhibit to Amendment No. 2 to the Registrant’s Registration Statement on Form S-1 (File No. 333-197954) filed with the SEC on September 8, 2014, and incorporated herein by reference.
(3) Filed as an exhibit to Amendment No. 3 to the Registrant’s Registration Statement on Form S-1 (File No. 333-197954) filed with the SEC on September 23, 2014, and incorporated herein by reference.
(4) Filed as an exhibit to Amendment No. 4 to the Registrant’s Registration Statement on Form S-1 (File No. 333-197954) filed with the SEC on September 24, 2014, and incorporated herein by reference.
(5) Filed as an exhibit to Amendment No. 2 to the Registrant’s Registration Statement on Form S-1 (File No. 333-201596) filed with the SEC on February 24, 2015, and incorporated herein by reference.
(7) Filed as an exhibit to the Registrant’s Current Report on Form 8-K (File No. 001-3662) filed with the SEC on June 23, 2015, and incorporated herein by reference.
(8) Filed as an exhibit to the Registrant’s Current Report on Form 8-K (File No. 001-36662) filed with the SEC on December 7, 2015 and incorporated herein by reference.
(9) Filed as an exhibit to the Registrant’s Current Report on Form 8-K (File No. 001-36662) filed with the SEC on December 28, 2015 and incorporated herein by reference
(10) Filed as an exhibit to the Registrant’s Current Report on Form 8-K (File No. 001-36662) filed with the SEC on February 8, 2016 and incorporated herein by reference
(11) Filed as an exhibit to the Registrant’s Current Report on Form 8-K (File No. 001-36662) filed with the SEC on February 8, 2016 and incorporated by reference.
(12) Filed as an exhibit to Amendment No. 2 to the Registrant’s Registration Statement on Form S-1 (File No. 333-207761) filed with the SEC on February 9, 2016 and incorporated herein by reference.
(13) Filed as an exhibit to Amendment No. 3 to the Registrant’s Registration Statement on Form S-1 (File No. 333-207761) filed with the SEC on February 11, 2016 and incorporated by reference.
(14) Filed as an exhibit to the Registrant’s Current Report on Form 8-K (File No. 001-36662) filed with the SEC on February 16, 2016 and incorporated herein by reference.
(15)
Filed as an exhibit to Amendment No. 4 to the Registrant’s Registration Statement on Form S-1 (File No. 333-207761) filed with the SEC on February 16, 2016 and incorporated by reference.
 
(16)
Filed as an exhibit to the Registrant’s Current Report on Form 8-K (File No. 001-36662) filed with the SEC on February 19, 2016 and incorporated herein by reference.
(17) Filed as an exhibit to the Registrant’s Current Report on Form 8-K (File No. 001-36662) filed with the SEC on February 29, 2016 and incorporated herein by reference.
(18) Filed as an exhibit to the Registrant’s Current Report on Form 8-K (File No. 001-36662) filed with the SEC on March 16, 2016 and incorporated herein by reference.
(19) Filed as an exhibit to the Registrant’s Quarterly Report on Form 10-Q (File No. 001-36662) filed with the SEC on May 12, 2016 and incorporated herein by reference.


 

Great Basin Scientific, Inc. Reports

Also read