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EX-31.1 - CERTIFICATION - Vynleads, Inc. | vynd_ex31z1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Amendment No. 1)
þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2020
or
¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Vynleads, Inc. |
(Exact name of registrant as specified in its charter) |
Delaware |
| 333-227499 |
| 47-4584272 |
(State or Other Jurisdiction |
| (Commission |
| (I.R.S. Employer |
of Incorporation or Organization) |
| File Number) |
| Identification No.) |
Address of Principal Executive Office: 596 Herrons Ferry Road, Suite 301, Rock Hill, SC 29730
Registrants telephone number, including area code: (845) 745-0981
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
None | None | None |
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. þ Yes ¨ No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). þ Yes ¨ No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, 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 ¨ | Accelerated filer ¨ |
Non-accelerated filer þ | Smaller reporting company þ |
| Emerging growth company þ |
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 pursuant to Section 13(a) of the Exchange Act. ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ¨ Yes þ No
As of June 26, 2020, the registrant had 11,399,830 shares of common stock issued and outstanding. No market value has been computed based upon the fact that no active trading market has been established as of June 26, 2020.
DOCUMENTS INCORPORATED BY REFERENCE
None.
Reason for this Amendment
This Amendment No. 1 on Form 10-Q/A (the Amendment) is being filed solely to disclose that the Company qualified to rely on the 45-day extension to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 (the Quarterly Report) provided by the Securities and Exchange Commission (SEC).
The Companys Quarterly Report was originally due on May 15, 2020 (the Original Due Date) but in reliance upon an SEC Order issued March 29, 2020 pursuant to Section 36 of the Securities Exchange Act of 1934, as amended (the Exchange Act), which granted exemptions from specified provisions of the Exchange Act and certain rules thereunder (Release No. 34-88465) (the Order), the Company timely filed its Quarterly Report on June 29, 2020 (the Original Filing).
The Order requires, among other things, that the Quarterly Report state that it is being filed in reliance on the Order and the reason why the Company required the additional time granted by the Order to file the Quarterly Report. While the Company filed a Current Report on Form 10-Q on May 15, 2020 (the Form 8-K) as required by the Order, which Form 8-K provided the reason why the Company was relying on the Order, and then referenced the Form 8-K in the Original Filing and noted its reliance on the Order in the Original Filing, the SEC has advised the Company that referencing the 8-K is insufficient and certain specific language provided in the Form 8-K should also be repeated in the Quarterly Report. Accordingly, this Amendment is being filed solely to include the disclosure below in accordance with the Order, which language was previously disclosed in the Form 8-K.
Reliance on SEC Relief from Filing Requirements
The Company timely filed the Original Filing in reliance on the Order, permitting the delay in filing due to circumstances related to COVID-19. The Company filed the Form 8-K indicating its intention to rely on the Order. As stated in the Form 8-K, Due to office closures, social distancing/self-isolation and other interruptions due to the COVID 19 pandemic, the Company was unable to complete its work with its accountants and auditors that would have enabled them to complete the audited financial statements. As a result, the Company was unable to complete its Form 10-Q in a timely manner, when referring to the Original Due Date.
In accordance with Rules 12b-15 and 13a-14 under the Exchange Act, the Company has also amended Part II, Item 6 to include currently dated certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 from the Companys 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.
Except as described above, this Amendment does not amend, modify or update the information in, or exhibits to, the Original Filing, and we have not updated disclosures included therein to reflect any subsequent developments or events. This Amendment should be read in conjunction with the Original Filing and with our other filings made with the SEC subsequent to the filing of the Original Filing.
The following exhibit is filed as part of this Amendment No. 1 to Quarterly Report on Form 10-Q/A:
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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.
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| By: | /s/ Alex J. Mannine |
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| Alex J. Mannine Chief Executive Officer, director, principal executive officer, principal financial and accounting officer Dated: July 8, 2020
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| By: | /s/ Stanislav Bezusov |
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| Stanislav Bezusov Executive Vice President, Chief Operating Officer and Chief Technology Officer, director Dated: July 8, 2020 |