UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of
1934
Date of
Report (Date of earliest event reported): August 21, 2018
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AfterMaster, Inc.
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(Exact
name of registrant as specified in its charter)
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Delaware
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001-10196
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23-2517953
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(State
or other jurisdictionof incorporation)
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(Commission
FileNumber)
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(IRS
Employer IdentificationNumber)
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6671 Sunset Blvd., Suite 1520
Hollywood, California
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90028
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(Address
of principal executive offices)
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(zip
code)
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(310) 657-4886
(Registrant’s
telephone number, including area code)
(former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2.
below):
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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1
Item 7.01. Regulation FD Disclosure.
During
a shareholder update call on August 21, 2018, the Company provided
guidance on the sales and losses that Aftermaster, Inc. (the
“Company”) expects to report in its upcoming Annual
Report on Form 10-K for the year ending June 30, 2018. The Company
stated that the yearly losses the Company are expected to be
reduced by approximately 50% from $8,518,359 in 2017 to
approximately $4,250,000 (2,151,000 cash) in 2018. The Company also
confirmed that quarterly reported revenues have been increasing
with approximately $335,000 in the fourth calendar quarter of 2017,
$441,000 in the first calendar quarter of this year, and that the
Company expects to report revenues of approximately $750,000 for
the most recent quarter ending June 30, 2018. The Company also
expects to report total revenue for the fiscal year ended June 30,
2018, of approximately $2,140,000, which is substantially higher
than its revenues of approximately $880,000 for the prior 2017
fiscal year. The Company also believes that it has generated sales
and received purchase orders during the first 45 days of this
quarter totaling over $2,000,000, which is comparable to the total
revenue realized in all of the prior fiscal year ending June 30,
2018. These preliminary estimates have not yet been audited, and
the expected revenues may not be able to be recognized this quarter
pursuant to GAAP accounting requirements. In addition the
company announced that it will be receiving its third patent on
August 28, 2018.
The
above disclosure contains forward-looking information within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), including all statements
that are not statements of historical fact regarding the intent,
belief or current expectations of the company, its directors or its
officers with respect to, among other things: (i) the
company’s plans; (ii) trends affecting the company’s
financial condition or results of operations; and (iii) the
company’s growth estimates and strategy and operating
strategy. The words “expects,” “may,”
“would,” “should,” “will,”
“could,” “estimates,”
“anticipates,” “believes,”
“intends” and similar expressions and variations
thereof are intended to identify forward-looking statements.
Investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company’s ability
to control, and that actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors including the risks disclosed in the
Company’s Annual Report on Form 10-K for the year ending June
30, 2017.
The
information contained in this Item 7.01 is being furnished and
shall not be deemed “filed” for purposes of
Section 18 of the Exchange Act, or otherwise subject to the
liabilities under Section 18 and shall not be deemed to be
incorporated by reference into the filings of the Company under the
Securities Act of 1933, as amended, or the Exchange
Act.
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 hereunto duly authorized.
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Dated:
August 21, 2018
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AFTERMASTER, INC.
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By:
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/s/
Larry Ryckman
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Name:
Larry Ryckman
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Title:
President and Chief Executive Officer
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2