29 unchanged sentences
in Internal Control-Integrated Framework-2013 issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”).
−Removed: on this assessment, management concluded that as of the period covered by this Annual Report on Form 10-K, it had material weaknesses
−Removed: in its internal control procedures.
+Added: Based on this assessment, management concluded
+Added: that as of the period covered by this Annual Report on Form 10-K, it had material weaknesses in its internal control procedures.
As of period covered by this Annual Report
33 unchanged sentences
Other Information.
−Removed: Directors, Executive Officers and Corporate Governance.
−Removed: and Executive Officers
−Removed: following table and biographical summaries set forth information, including principal occupation and business experience, about
−Removed: our directors and executive officers at May 16, 2018:
−Removed: Frommer(1)(2)
−Removed: Executive Officer, Director
−Removed: February 5, 2016, Jeremy Frommer was appointed as our Chief Executive Officer and Rick Schwartz was appointed as our President.
−Removed: February 5, 2016, Jeremy Frommer and Leonard Schiller were appointed as members of the board of directors.
−Removed: May 2, 2016, Andrew Taffin was appointed as a member of the board of directors.
−Removed: Frommer, Chief Executive Officer and Director
−Removed: Frommer, age 50, combines over 20 years of experience in the financial technology industry.
+Added: Directors, Executive Officers
+Added: and Corporate Governance.
+Added: Directors and Executive Officers
+Added: The following table and biographical summaries
+Added: set forth information, including principal occupation and business experience, about our directors and executive officers at April
+Added: Jeremy Frommer(1)(2)
+Added: Chief Executive Officer, Director
+Added: Rick Schwartz(1)(4)
+Added: Former President
+Added: Leonard Schiller(2)
+Added: Andrew Taffin(3)
+Added: Justin Maury (4)
+Added: (1) Effective February 5, 2016,
+Added: Jeremy Frommer was appointed as our Chief Executive Officer and Rick Schwartz was appointed as our President.
+Added: (2) Effective February 5, 2016,
+Added: Jeremy Frommer and Leonard Schiller were appointed as members of the Board of Directors.
+Added: (3) Effective May 2, 2016, Andrew
+Added: Taffin was appointed as a member of the Board of Directors.
+Added: (4) On January 31, 2019, Rick
+Added: Schwartz resigned from his position as President.
+Added: The Board of Directors appointed Justin Maury as President on
+Added: the same date.
+Added: Jeremy Frommer, Chief Executive Officer
+Added: Frommer, age 51, combines over 20 years
+Added: of experience in the financial technology industry.
Previously, Mr.
−Removed: Frommer held key leaderships
−Removed: roles in the investment banking and trading divisions of large financial institutions.
+Added: Frommer held key leaderships roles in the investment banking
+Added: and trading divisions of large financial institutions.
From 2009 to 2012, Mr.
−Removed: Frommer was briefly
−Removed: retired until beginning concept formation for Jerrick Ventures which he officially founded in 2013.
+Added: Frommer was briefly retired until beginning concept
+Added: formation for Jerrick Ventures which he officially founded in 2013.
From 2007 to 2009, Mr.
−Removed: was Managing Director of Global Prime Services at RBC Capital Markets, the investment banking arm of the Royal Bank of Canada,
−Removed: the largest financial institution in Canada, after the sale of Carlin Financial Group, a professional trading firm.
−Removed: Frommer was the Chief Executive Officer of Carlin Financial Group after the sale of NextGen Trading, a software development
−Removed: company focused on building equity trading platforms.
+Added: Frommer was Managing Director of Global
+Added: Prime Services at RBC Capital Markets, the investment banking arm of the Royal Bank of Canada, the largest financial institution
+Added: in Canada, after the sale of Carlin Financial Group, a professional trading firm.
From 2004 to 2007, Mr.
−Removed: Frommer was Founder and Chief Executive Officer of
−Removed: NextGen Trading.
−Removed: From 2000 to 2002, he was Managing Director of Merger Arbitrage Trading at Bank of America, a financial services
−Removed: Frommer was also a director of LionEye Capital, a hedge fund from June 2012 to June 2014.
−Removed: He holds a B.A.
−Removed: from the University
−Removed: Schwartz, President
−Removed: Schwartz, age 50, is a film and television producer and financier based in New York.
−Removed: Notable credits include The Departed, Black
−Removed: Swan, Gangs of New York, The Aviator, Machete, and The Others.
−Removed: Schwartz began his film career at Miramax under Harvey and
−Removed: Bob Weinstein, working there for seven years and eventually serving as the company’s Senior Vice President of Production.
+Added: Frommer was the Chief
+Added: Executive Officer of Carlin Financial Group after the sale of NextGen Trading, a software development company focused on building
+Added: equity trading platforms.
From 2002 to 2004, Mr.
−Removed: Schwartz was CEO and Founder of Overnight Productions.
−Removed: Schwartz and partner Jimmy Fallon created
−Removed: Eight Million Plus Productions, a New York-based production company, which produces shows such as Spike TV’s Lip Sync Battle
−Removed: and NBC’s Sharing.
−Removed: Schiller, Director
−Removed: Schiller, age 74, is President and Managing Partner of the Chicago law firm of Schiller Klein PC and has been associated with
−Removed: the firm since 1977.
−Removed: Schiller also has served as the President of The Dearborn Group, a residential property management and
−Removed: real estate company with properties located in the Midwest.
−Removed: Schiller has also been involved in the ownership of residential
−Removed: properties and commercial properties throughout the country.
−Removed: Schiller has acted as a principal in numerous private loan transactions
−Removed: and has been responsible for the structure, and management of these transactions.
−Removed: Schiller has also served as a member of
−Removed: the Board of Directors of IMALL, an internet search engine company, which was acquired by Excite@Home.
−Removed: He also served as a member
−Removed: of the Board of AccuMed International, Inc., a company which manufactured and marketed medical diagnostic screening products,
−Removed: which was acquired by Molecular Diagnostics, Inc.
−Removed: He presently serves as a director of Milestone Scientific, Inc., a Delaware
−Removed: company and as a director of Point Capital, Inc., a Delaware corporation.
−Removed: Taffin, Director
−Removed: Taffin, age 52, has over 25 years of entrepreneurial and executive leadership experience.
−Removed: He is currently the Chief Executive
−Removed: Officer and co-founder of Tallen Technology Rentals (“Tallen”), a leading provider of technology services and short-term
−Removed: rental AV equipment for businesses and organizations of all sizes.
−Removed: Taffin’s leadership, Tallen has experienced
−Removed: consistent revenue growth, secured multimillion dollar contracts with Fortune 100 companies, expanded into multiple business categories
−Removed: including pharmaceutical and financial services, and established a global presence to include supporting clients across the globe.
−Removed: Taffin was also one of the founding members and former president of the International Technology Rental Associations (“ITRA”).
−Removed: Taffin is a consistent speaker at industry conferences and events and contributes regularly to several technology publications.
−Removed: Taffin graduated from Plymouth State University with a B.A.
+Added: Frommer was Founder and Chief Executive Officer of NextGen Trading.
+Added: to 2002, he was Managing Director of Merger Arbitrage Trading at Bank of America, a financial services firm.
+Added: Frommer was also
+Added: a director of LionEye Capital, a hedge fund from June 2012 to June 2014.
+Added: He holds a B.A.
+Added: from the University of Albany.
+Added: Justin Maury, President
+Added: Justin Maury, age 30, is a full stack design
+Added: director with an expertise in product development.
+Added: With over ten years of design and product management experience in the creative
+Added: industry, Maury’s passion for the creative arts and technology ultimately resulted in the vision for Vocal.
+Added: Since joining
+Added: Jerrick in 2013, Maury has overseen the development and launch of the company’s flagship product, Vocal, an innovative platform
+Added: that provides storytelling tools and engaged communities for creators and brands to get discovered while funding their creativity.
+Added: Under Maury’s supervision, Vocal has achieved growth to over 380,000 creators across 34 genre-specific communities in its
+Added: first two years since launch.
+Added: Leonard Schiller, Director
+Added: Leonard Schiller, age 74, is President
+Added: and Managing Partner of the Chicago law firm of Schiller Klein PC and has been associated with the firm since 1977.
+Added: also has served as the President of The Dearborn Group, a residential property management and real estate company with properties
+Added: located in the Midwest.
+Added: Schiller has also been involved in the ownership of residential properties and commercial properties
+Added: throughout the country.
+Added: Schiller has acted as a principal in numerous private loan transactions and has been responsible for
+Added: the structure, and management of these transactions.
+Added: Schiller has also served as a member of the Board of Directors of IMALL,
+Added: an internet search engine company, which was acquired by Excite@Home.
+Added: He also served as a member of the Board of AccuMed International,
+Added: Inc., a company which manufactured and marketed medical diagnostic screening products, which was acquired by Molecular Diagnostics,
+Added: He presently serves as a director of Milestone Scientific, Inc., a Delaware company and as a director of Point Capital, Inc.,
+Added: a Delaware corporation.
+Added: Andrew Taffin, Director
+Added: Andrew Taffin, age 52, has over 25 years
+Added: of entrepreneurial and executive leadership experience.
+Added: He is currently the Chief Executive Officer and co-founder of Tallen Technology
+Added: Rentals (“Tallen”), a leading provider of technology services and short-term rental AV equipment for businesses and
+Added: organizations of all sizes.
+Added: Taffin’s leadership, Tallen has experienced consistent revenue growth, secured multimillion
+Added: dollar contracts with Fortune 100 companies, expanded into multiple business categories including pharmaceutical and financial
+Added: services, and established a global presence to include supporting clients across the globe.
+Added: Taffin was also one of the founding
+Added: members and former president of the International Technology Rental Associations (“ITRA”).
+Added: Taffin is a consistent
+Added: speaker at industry conferences and events and contributes regularly to several technology publications.
+Added: Taffin graduated from
+Added: Plymouth State University with a B.A.
in communications.
−Removed: members of the Board of Directors serve until the next annual meeting of stockholders, or until their successors have been elected.
−Removed: considering whether directors and nominees have the experience, qualifications, attributes and skills to enable the Board of Directors
−Removed: to satisfy its oversight responsibilities effectively in light of the Company’s business and structure, the Board of Directors
−Removed: focuses primarily on the industry and transactional experience, and other background, in addition to any unique skills or attributes
−Removed: associated with a director.
−Removed: With regard to Mr.
−Removed: Frommer, the Board of Directors considered his significant experience,
−Removed: expertise and background with regard to the Company’s business and his prior experience as a chief executive for other business
−Removed: With regard to Mr.
−Removed: Schiller, the Board of Directors considered his background and experience as an
−Removed: investor in many different businesses, together with his prior experience serving on the boards of public and private companies.
+Added: The members of the Board of Directors serve
+Added: until the next annual meeting of stockholders, or until their successors have been elected.
+Added: When considering whether directors and
+Added: nominees have the experience, qualifications, attributes and skills to enable the Board of Directors to satisfy its oversight responsibilities
+Added: effectively in light of the Company’s business and structure, the Board of Directors focuses primarily on the industry and
+Added: transactional experience, and other background, in addition to any unique skills or attributes associated with a director.
+Added: regard to Mr.
+Added: Frommer, the Board of Directors considered his significant experience, expertise and background with regard
+Added: to the Company’s business and his prior experience as a chief executive for other business enterprises.
+Added: Schiller, the Board of Directors considered his background and experience as an investor in many different businesses,
+Added: together with his prior experience serving on the boards of public and private companies.
With regard to Mr.
−Removed: Taffin, the Board of Directors considered his management experience in growing small businesses.
−Removed: Relationships
−Removed: are currently no family relationships among any of our directors or executive officers.
−Removed: Board of Directors does not have any committees formed.
−Removed: As independent directors are added to our board, we intend
−Removed: to form a formal Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee and adopt appropriate
−Removed: written charters for such committees.
−Removed: Presently, however, there are no plans to appoint certain directors to specific
−Removed: Until such time as an Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee
−Removed: is formed, the full Board of Directors fulfills the functions normally undertaken by such committees.
−Removed: with Section 16(a) of the Exchange Act
−Removed: 16(a) of the Exchange Act requires the Company’s directors, executive officers and persons who beneficially own 10% or more
−Removed: of a class of securities registered under Section 12 of the Exchange Act to file reports of beneficial ownership and changes in
−Removed: beneficial ownership with the SEC.
−Removed: Directors, executive officers and greater than 10% stockholders are required by the rules and
−Removed: regulations of the SEC to furnish the Company with copies of all reports filed by them in compliance with Section 16(a).
−Removed: on our review of certain reports filed with the Securities and Exchange Commission pursuant to Section 16(a) of the
−Removed: Securities Exchange Act of 1934, as amended, the reports required to be filed with respect to transactions in our common
−Removed: stock during the fiscal year ended December 31, 2017, the following persons did not file timely.
−Removed: Leonard Schiller, a member
−Removed: of our Board, did not file timely two times, but has made all required filings as of this date;
−Removed: Andrew Taffin, a
−Removed: member of our Board, did not file timely once, but has made all required filings as of this date.
+Added: Taffin, the Board
+Added: of Directors considered his management experience in growing small businesses.
+Added: Family Relationships
+Added: There are currently no family relationships
+Added: among any of our directors or executive officers.
+Added: Board Committees
+Added: Our Board of Directors does not have any
+Added: committees formed.
+Added: As independent directors are added to our board, we intend to form a formal Audit Committee, Compensation
+Added: Committee and Nominating and Corporate Governance Committee and adopt appropriate written charters for such committees.
+Added: however, there are no plans to appoint certain directors to specific committees.
+Added: Until such time as an Audit Committee,
+Added: Compensation Committee and Nominating and Corporate Governance Committee is formed, the full Board of Directors fulfills the functions
+Added: normally undertaken by such committees.
+Added: Compliance with Section 16(a) of the
+Added: Section 16(a)
+Added: of the Exchange Act requires the Company’s directors, executive officers and persons who beneficially own 10% or more of
+Added: a class of securities registered under Section 12 of the Exchange Act to file reports of beneficial ownership and changes in beneficial
+Added: ownership with the SEC.
+Added: Directors, executive officers and greater than 10% stockholders are required by the rules and regulations
+Added: of the SEC to furnish the Company with copies of all reports filed by them in compliance with Section 16(a).
+Added: Based solely on
+Added: our review of certain reports filed with the Securities and Exchange Commission pursuant to Section 16(a) of the Securities Exchange
+Added: Act of 1934, as amended, the reports required to be filed with respect to transactions in our common stock during the fiscal year
+Added: ended December 31, 2018, the following persons did not file timely.
+Added: Leonard Schiller, a member of our Board, did not file timely two
+Added: times, but has made all required filings as of this date;
+Added: Andrew Taffin, a member of our Board, did not file timely once,
+Added: but has made all required filings as of this date.
Arthur Rosen,
5 unchanged sentences
has made all required filings as of this date.
−Removed: Company does not currently maintain a Code of Ethics but plans to adopt one in the near future.
−Removed: are no material proceedings to which any director or officer, or any associate of any such director or officer, is a party that
−Removed: is adverse to our Company or any of our subsidiaries or has a material interest adverse to our Company or any of our subsidiaries.
−Removed: No director or executive officer has been a director or executive officer of any business which has filed a bankruptcy petition
−Removed: or had a bankruptcy petition filed against it during the past ten years.
−Removed: No director or executive officer has been convicted of
−Removed: a criminal offense or is the subject of a pending criminal proceeding during the past ten years.
+Added: Code of Ethics
+Added: The Company does not currently maintain
+Added: a Code of Ethics but plans to adopt one in the near future.
+Added: Legal Proceedings
+Added: There are no material proceedings to which
+Added: any director or officer, or any associate of any such director or officer, is a party that is adverse to our Company or any of
+Added: our subsidiaries or has a material interest adverse to our Company or any of our subsidiaries.
No director or executive officer
−Removed: has been the subject of any order, judgment or decree of any court permanently or temporarily enjoining, barring, suspending or
−Removed: otherwise limiting his involvement in any type of business, securities or banking activities during the past ten years.
−Removed: or officer has been found by a court to have violated a federal or state securities or commodities law during the past ten years.
+Added: has been a director or executive officer of any business which has filed a bankruptcy petition or had a bankruptcy petition filed
+Added: against it during the past ten years.
+Added: No director or executive officer has been convicted of a criminal offense or is the subject
+Added: of a pending criminal proceeding during the past ten years.
+Added: No director or executive officer has been the subject of any order,
+Added: judgment or decree of any court permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement
+Added: in any type of business, securities or banking activities during the past ten years.
+Added: No director or officer has been found by a
+Added: court to have violated a federal or state securities or commodities law during the past ten years.
Executive Compensation.
−Removed: following summary compensation table sets forth all compensation awarded to, earned by, or paid to the named executive officers
−Removed: paid by us during the years ended December 31, 2017, and 2016.
−Removed: Name and Principal
+Added: The following summary compensation table
+Added: sets forth all compensation awarded to, earned by, or paid to the named executive officers paid by us during the years ended December
+Added: 31, 2018, and 2017.
+Added: and Principal
Incentive Plan
−Removed: Kent Campbell (1)
−Removed: Chief Executive Officer and
−Removed: Chief Financial Officer
−Removed: Denis Espinoza (1) President and Chief Operating
−Removed: Jeremy Frommer (2) Chief Executive
+Added: Chief Executive Officer
$ 132,792 (1)
Rick Schwartz
−Removed: Effective February 5, 2016, Kent Campbell resigned as our Chief Executive Officer and Chief Financial Officer and Denis Espinoza resigned as our President and Chief Operating Officer.
−Removed: Effective February 5, 2016, Jeremy Frommer was appointed as our Chief Executive Officer and Rick Schwartz was appointed as our President.
+Added: Former President
(1) The $132,792 includes payment to Mr.
−Removed: Frommer for living expenses, health insurance and a vehicle allowance.
−Removed: of May 7, 2018, the Company has not entered into any employments agreements, but intends on entering into such agreements
−Removed: with its Chief Executive Officer and President in the fiscal year 2018.
−Removed: Equity Awards at Fiscal Year-End 2017
−Removed: December 31, 2017, we had outstanding equity awards as follows:
+Added: Frommer for living
+Added: expenses, health insurance and a vehicle allowance.
+Added: (2) The $12,944 includes payment to Mr.
+Added: Schwartz for health
+Added: (3) The $96, 463 includes payment to Mr.
+Added: Frommer for living
+Added: expenses, health insurance and a vehicle allowance.
+Added: Employment Agreements
+Added: As of April 1, 2019, the Company has not
+Added: entered into any employment agreements, but intends on entering into such agreements with its Chief Executive Officer and President
+Added: in the fiscal year 2019.
+Added: Outstanding Equity Awards at Fiscal
+Added: Year-End 2018
+Added: At December 31, 2018, we had outstanding
+Added: equity awards as follows:
Number of Securities Underlying Unexercised Options Exercisable
12 unchanged sentences
Rick Schwartz (1)
−Removed: February 5, 2016, Jeremy Frommer was appointed as our Chief Executive Officer and Rick Schwartz was appointed as our President.
−Removed: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
−Removed: As of the close of business on May 16, 2018
+Added: Justin Maury (2)
+Added: (1) Effective February 5, 2016, Jeremy Frommer was appointed
+Added: as our Chief Executive Officer and Rick Schwartz was appointed as our President.
+Added: (2) On January 31, 2019, Rick Schwartz resigned from his position
+Added: as President.
+Added: The Board of Directors appointed Justin Maury as President on the same date.
+Added: Security Ownership of Certain
+Added: Beneficial Owners and Management and Related Stockholder Matters.
+Added: As of the close of business April 1, 2019,
we had outstanding 134,256,350 shares of common stock.
−Removed: Each share of common stock is currently entitled to one
−Removed: vote on all matters put to a vote of our stockholders.
−Removed: The following table sets forth the number of common shares,
−Removed: and percentage of outstanding common shares, beneficially owned as of May 16, 2018, by:
+Added: Each share of common stock is currently entitled to one vote on all matters
+Added: put to a vote of our stockholders.
+Added: The following table sets forth the number of common shares, and percentage of outstanding common
+Added: shares, beneficially owned as of April 1, 2019, by:
person known by us to be the beneficial owner of more than five percent of our outstanding common stock;
of our current directors;
−Removed: our current executive officers and any other persons identified as a “named executive”
−Removed: in the Summary Compensation
−Removed: our current executive officers and directors as a group.
−Removed: Shares beneficially owned and percentage ownership
−Removed: before this offering is based on 40,524,432 shares of common stock outstanding as of May 16, 2018.
−Removed: ownership is determined in accordance with the rules of the SEC, and includes general voting power and/or investment power
−Removed: with respect to securities.
−Removed: Shares of common stock issuable upon exercise of options or warrants that are currently exercisable
−Removed: or exercisable within 60 days of the record date, and shares of common stock issuable upon conversion of other securities currently
−Removed: convertible or convertible within 60 days, are deemed outstanding for computing the beneficial ownership percentage of the person
−Removed: holding such securities but are not deemed outstanding for computing the beneficial ownership percentage of any other person.
−Removed: Under the applicable SEC rules, each person’s beneficial ownership is calculated by dividing the total number of shares
−Removed: with respect to which they possess beneficial ownership by the total number of outstanding shares.
−Removed: In any case where
−Removed: an individual has beneficial ownership over securities that are not outstanding, but are issuable upon the exercise of options
−Removed: or warrants or similar rights within the next 60 days, that same number of shares is added to the denominator in the calculation
−Removed: described above.
−Removed: Because the calculation of each person’s beneficial ownership set forth in the “Percentage Beneficially
−Removed: column of the table may include shares that are not presently outstanding, the sum total of the percentages set forth
−Removed: in such column may exceed 100%.
−Removed: Unless otherwise indicated, the address of each of the following persons is 202 S Dean
−Removed: Street, Englewood, NJ 07631, and, based upon information available or furnished to us, each such person has sole voting and investment
−Removed: power with respect to the shares set forth opposite his, her or its name.
+Added: ● each our current executive
+Added: officers and any other persons identified as a “named executive”
+Added: in the Summary Compensation Table above;
+Added: ● all our current executive
+Added: officers and directors as a group.
+Added: Shares beneficially owned and percentage
+Added: ownership before this offering is based on 134,256,350 shares of common stock outstanding as of April 1, 2019.
+Added: Beneficial ownership is determined in accordance
+Added: with the rules of the SEC, and includes general voting power and/or investment power with respect to securities.
+Added: common stock issuable upon exercise of options or warrants that are currently exercisable or exercisable within 60 days of the
+Added: record date, and shares of common stock issuable upon conversion of other securities currently convertible or convertible within
+Added: 60 days, are deemed outstanding for computing the beneficial ownership percentage of the person holding such securities but are
+Added: not deemed outstanding for computing the beneficial ownership percentage of any other person.
+Added: Under the applicable SEC rules, each
+Added: person’s beneficial ownership is calculated by dividing the total number of shares with respect to which they possess beneficial
+Added: ownership by the total number of outstanding shares.
+Added: In any case where an individual has beneficial ownership over securities
+Added: that are not outstanding, but are issuable upon the exercise of options or warrants or similar rights within the next 60 days,
+Added: that same number of shares is added to the denominator in the calculation described above.
+Added: Because the calculation of each person’s
+Added: beneficial ownership set forth in the “Percentage Beneficially Owned”
+Added: column of the table may include shares that are
+Added: not presently outstanding, the sum total of the percentages set forth in such column may exceed 100%.
+Added: Unless otherwise
+Added: indicated, the address of each of the following persons is 2050 Center Avenue, Suite 640, Fort Lee, NJ 07024, and, based upon information
+Added: available or furnished to us, each such person has sole voting and investment power with respect to the shares set forth opposite
+Added: his, her or its name.
Name and Address
1 unchanged sentence
5% or Greater Stockholders
+Added: Rick Schwartz
+Added: 22,029,672 (2)
+Added: 28,473,396 (3)
All 5% or Greater Stockholders as a Group
1 unchanged sentence
Jeremy Frommer
−Removed: Rick Schwartz
+Added: 16,124,726 (4)
+Added: 3,907,517 (6)
Leonard Schiller
+Added: 5,914,108 (7)
Andrew Taffin
+Added: 3,353,343 (8)
All current directors and officers as a group (4)
less than one percent
−Removed: securities “beneficially owned”
−Removed: by a person are determined in accordance with the definition of “beneficial
−Removed: ownership”
−Removed: set forth in the regulations of the SEC and accordingly, may include securities owned by or for, among others,
−Removed: the spouse, children or certain other relatives of such person, as well as other securities over which the person has or shares
−Removed: voting or investment power or securities which the person has the right to acquire within 60 days.
−Removed: for our Securities
+Added: The securities “beneficially owned”
+Added: by a person are determined in accordance with the definition of “beneficial ownership”
+Added: set forth in the regulations of the SEC and accordingly, may include securities owned by or for, among others, the spouse, children or certain other relatives of such person, as well as other securities over which the person has or shares voting or investment power or securities which the person has the right to acquire within 60 days.
+Added: This total includes 10,877,672 shares of Common Stock and 11,152,045 shares underlying warrants.
+Added: This total includes 16,416, 896 shares of Common Stock and 12,056,500 shares underlying warrants.
+Added: This total includes 11,674,876 shares of Common Stock, 449,850 shares underlying warrants, and 4,000,000 shares underlying stock options.
+Added: This total includes 3,110,486 shares of Common Stock and 4,000,000 shares underlying stock options.
+Added: This total includes 548,427 shares of Common Stock and 3,359,090 shares underlying stock options.
+Added: This total includes 2,336,455 shares of Common Stock, 3,027,653 shares underlying warrants, and 600,000 shares underlying stock options.
+Added: This total includes 1,375,562 shares of Common Stock, 1,527,781 shares underlying warrants, and 500,000 shares underlying stock options.
+Added: Market for our Securities
Our Common Stock is quoted on the OTC Markets
OTCQB under the symbol “JMDA”.
−Removed: market price of our Common Stock is subject to significant fluctuations in response to variations in our quarterly operating results,
−Removed: general trends in the market and other factors, over many of which we have little or no control.
−Removed: In addition, broad market fluctuations,
−Removed: as well as general economic, business and political conditions, may adversely affect the market for our Common Stock, regardless
−Removed: of our actual or projected performance.
−Removed: Anti-Takeover
−Removed: charter and bylaws contain provisions that may make it more difficult for a third party to acquire or may discourage acquisition
−Removed: Our Board may, without action of our stockholders, issue authorized but unissued shares of preferred stock.
−Removed: The existence
−Removed: of unissued preferred stock may enable the Board, without further action by the stockholders, to issue such stock to persons friendly
−Removed: to current management or to issue such stock with terms that could render more difficult or discourage an attempt to obtain control
−Removed: of us, thereby protecting the continuity of our management.
−Removed: Our shares of preferred stock could therefore be issued quickly with
−Removed: terms that could delay, defer, or prevent a change in control of us, or make removal of management more difficult.
−Removed: Certain Relationships and Related Transactions.
+Added: The market price of our Common Stock is
+Added: subject to significant fluctuations in response to variations in our quarterly operating results, general trends in the market
+Added: and other factors, over many of which we have little or no control.
+Added: In addition, broad market fluctuations, as well as general
+Added: economic, business and political conditions, may adversely affect the market for our Common Stock, regardless of our actual or
+Added: projected performance.
+Added: Anti-Takeover Provisions
+Added: Our charter and bylaws contain provisions
+Added: that may make it more difficult for a third party to acquire or may discourage acquisition bids for us.
+Added: Our Board may, without
+Added: action of our stockholders, issue authorized but unissued shares of preferred stock.
+Added: The existence of unissued preferred stock
+Added: may enable the Board, without further action by the stockholders, to issue such stock to persons friendly to current management
+Added: or to issue such stock with terms that could render more difficult or discourage an attempt to obtain control of us, thereby protecting
+Added: the continuity of our management.
+Added: Our shares of preferred stock could therefore be issued quickly with terms that could delay,
+Added: defer, or prevent a change in control of us, or make removal of management more difficult.
+Added: Certain Relationships and Related
+Added: Transactions.
Upon completion of the Merger, as of February
−Removed: 5, 2016, the Company has a commercial lease agreement with 202 S Dean, LLC for its current office building located at 202 S Dean
+Added: 5, 2016, the Company had a commercial lease agreement with 202 S Dean, LLC for its prior office building located at 202 S Dean
Street, Englewood, NJ 07631.
−Removed: Under the agreement, the Company pays monthly rent to 202 S.
−Removed: Dean LLC, which is 50% owned by our Chief
−Removed: Executive Officer, Jeremy Frommer.
+Added: Under the agreement, the Company paid monthly rent to 202 S.
+Added: Dean LLC, which is 50% owned by our
+Added: Chief Executive Officer, Jeremy Frommer.
Monthly rent is $8,500 through 2015.
−Removed: Commencing 2016 through the expiration of the lease, monthly
−Removed: rent will be $14,165.
+Added: Commencing 2016 through the expiration of the lease,
+Added: monthly rent will be $14,165.
The lease expired April 30, 2018.
−Removed: Before moving to a new office space, the Company will be paying rent on
−Removed: a month-to-month basis at the rate of $14,165 per month.
−Removed: On May 26, 2016, the Company entered into
−Removed: a loan agreement (the “Loan Agreement”) with Arthur Rosen, an individual (the “Lender”), pursuant to which
−Removed: on May 26, 2016 (the “Closing Date”), the Lender issued the Company a secured term loan of $1,000,000 (the “Loan”).
−Removed: In connection with the Loan Agreement, on May 26, 2016, the Company and Lender entered into a security agreement (the “Security
−Removed: Agreement”), pursuant to which the Company granted to Lender a senior security interest in substantially all of the Company’s
−Removed: assets as security for repayment of the Loan.
−Removed: maturity date of the Loan is November 26, 2017 (the “Maturity Date”).
−Removed: Pursuant to the Loan Agreement, the Loan
−Removed: bears interest at a rate of 12.5% per annum, compounded annually and payable on the Maturity Date.
−Removed: All outstanding principal,
−Removed: accrued and unpaid interest and other amounts due under the Loan are due on the Maturity Date.
−Removed: As additional consideration for entering
−Removed: in the Loan Agreement, the Company issued Lender a warrant to purchase 1,000,000 shares of the Company’s Common Stock with
−Removed: an exercise price of $0.40 per share (the “Warrant”).
−Removed: The Warrant has a term of five (5) years and contains anti-dilution
−Removed: provisions as further described therein.
−Removed: On April 25, 2017, the Company issued convertible
−Removed: notes to Arthur Rosen, a lender, totaling $25,000 (the “April Rosen Notes”).
−Removed: The April Rosen Notes accrue interest
−Removed: at 12% per annum and mature with interest and principal both due on September 1, 2017.
−Removed: In addition, in connection with the April
−Removed: Rosen Notes, the Company issued a five-year warrant to purchase 17,500 shares of Company common stock at a purchase price of $0.20
−Removed: On September 7, 2017, the April Rosen Notes and accrued interest was converted into the August 2017 Convertible Note
+Added: Before moving to the current office space, the Company paid rent
+Added: on a month-to-month basis at the rate of $14,165 per month.
+Added: On April 25, 2017, the Company issued
+Added: convertible notes to Arthur Rosen, a lender, totaling $25,000 (the “April Rosen Notes”).
+Added: The April Rosen Notes accrue
+Added: interest at 12% per annum and mature with interest and principal both due on September 1, 2017.
+Added: In addition, in connection with
+Added: the April Rosen Notes, the Company issued a five-year warrant to purchase 17,500 shares of Company common stock at a purchase
+Added: price of $0.20 per share.
+Added: On September 7, 2017, the April Rosen Notes and accrued interest was converted into the August 2017
+Added: Convertible Note Offering.
On April 25, 2017, the Company issued a
56 unchanged sentences
Outstanding Principal as of
−Removed: December 31, 2017
−Removed: December 31, 2016
Maturity Date
−Removed: November 26, 2017
−Removed: September 12, 2016
−Removed: November 22, 2017
−Removed: September 20, 2016
−Removed: March 20, 2017
−Removed: October 13, 2016
−Removed: November 22, 2017
−Removed: October 24, 2016
−Removed: January 1, 2018
−Removed: October 31, 2016
−Removed: November 10, 2016
−Removed: November 22, 2016
−Removed: November 22, 2017
−Removed: December 21, 2016
+Added: The May 2016 Rosen Loan Agreement
November 26, 2017
−Removed: September 8, 2017
+Added: The September 2017 Rosen Loan Agreement
September 24, 2017
−Removed: November 20, 2017
+Added: The November 2017 Schiller Loan Agreement
December 31, 2017
+Added: The May 2018 Schiller Loan Agreements
+Added: February 2, 2019
+Added: The June 2018 Frommer Loan Agreement
+Added: August 17, 2018
+Added: The July 2018 Rosen Loan Agreement
+Added: August 17, 2018
+Added: The July 2018 Schiller Loan Agreements
+Added: August 17, 2018
+Added: The December 2018 Gravitas Loan Agreement
+Added: January 22, 2019
+Added: The December 2018 Rosen Loan Agreement
+Added: January 26, 2019
Debt Discount
40 unchanged sentences
2017 Convertible Note Offering.
−Removed: On October 24, 2016, the Company entered
−Removed: into a loan agreement (the “October 2016 Schiller Loan Agreement”) with Leonard Schiller, a Board Member (the “Schiller”),
−Removed: pursuant to which on October 24, 2016 (the “Closing Date”), the Company issued Schiller a promissory note of $15,000
−Removed: (the “October 2016 Schiller Note”).
−Removed: Pursuant to the October 2016 Schiller Loan Agreement, the October 2016 Schiller
−Removed: Note bears interest at a rate of 9% per annum.
−Removed: As additional consideration for entering in the October 2016 Schiller Loan Agreement,
−Removed: the Company issued Schiller a 5-year warrant to purchase 30,000 shares of the Company’s common stock at a purchase price
−Removed: of $0.30 per share.
−Removed: During the year ended December 31, 2017 the principal and interest of this note were converted into the August
−Removed: 2017 Convertible Note Offering.
−Removed: On October 31, 2016, the Company entered
−Removed: into a loan agreement (the “October 2016 Rosen Loan Agreement”) with Rosen, pursuant to which on October 31, 2016 (the
−Removed: “Closing Date”), Company issued Rosen a promissory note of $10,000 (the “October 2016 Rosen Note”).
−Removed: to the October 2016 Rosen Loan Agreement, the October 2016 Rosen Note bears interest at a rate of 10% per annum.
−Removed: As additional
−Removed: consideration for entering in the October 2016 Rosen Loan Agreement, the Company issued Rosen a five-year warrant to purchase 10,000
−Removed: shares of the Company’s common stock at a purchase price of $0.30 per share.
−Removed: During the year ended December 31, 2017 the
−Removed: principal and interest of this note were converted into the August 2017 Convertible Note Offering.
−Removed: On December 21, 2016, the Company entered into a loan agreement (the “December 2016 Gordon Loan
−Removed: Agreement”) with Gordon, pursuant to which on December 21, 2016 (the “Closing Date”), the Company issued Gordon
−Removed: a promissory note of $275,000 (the “December 2016 Gordon Note”).
−Removed: Pursuant to the December 2016 Gordon Loan Agreement,
−Removed: the December 2016 Gordon Note bears interest at a rate of 10% per annum.
−Removed: As additional consideration for entering in the December
−Removed: 2016 Gordon Loan Agreement, the Company issued Gordon a five-year warrant to purchase 166,666 shares of the Company’s common
−Removed: stock at a purchase price of $0.40 per share.
−Removed: During the year ended December 31, 2017 the principal and interest of this note were
−Removed: converted into the August 2017 Convertible Note Offering.
+Added: October 24, 2016, the Company entered into a loan agreement (the “October 2016 Schiller Loan Agreement”) with Leonard
+Added: Schiller, a Board Member (the “Schiller”), pursuant to which on October 24, 2016 (the “Closing Date”),
+Added: the Company issued Schiller a promissory note of $15,000 (the “October 2016 Schiller Note”).
+Added: Pursuant to the October
+Added: 2016 Schiller Loan Agreement, the October 2016 Schiller Note bears interest at a rate of 9% per annum.
+Added: As additional consideration
+Added: for entering in the October 2016 Schiller Loan Agreement, the Company issued Schiller a 5-year warrant to purchase 30,000 shares
+Added: of the Company’s common stock at a purchase price of $0.30 per share.
+Added: During the year ended December 31, 2017 the principal
+Added: and interest of this note were converted into the August 2017 Convertible Note Offering.
+Added: October 31, 2016, the Company entered into a loan agreement (the “October 2016 Rosen Loan Agreement”) with Rosen,
+Added: pursuant to which on October 31, 2016 (the “Closing Date”), Company issued Rosen a promissory note of $10,000 (the
+Added: “October 2016 Rosen Note”).
+Added: Pursuant to the October 2016 Rosen Loan Agreement, the October 2016 Rosen Note bears interest
+Added: at a rate of 10% per annum.
+Added: As additional consideration for entering in the October 2016 Rosen Loan Agreement, the Company issued
+Added: Rosen a five-year warrant to purchase 10,000 shares of the Company’s common stock at a purchase price of $0.30 per share.
+Added: During the year ended December 31, 2017 the principal and interest of this note were converted into the August 2017 Convertible
+Added: Note Offering.
+Added: On December 21, 2016, the Company entered
+Added: into a loan agreement (the “December 2016 Gordon Loan Agreement”) with Gordon, pursuant to which on December 21, 2016
+Added: (the “Closing Date”), the Company issued Gordon a promissory note of $275,000 (the “December 2016 Gordon Note”).
+Added: Pursuant to the December 2016 Gordon Loan Agreement, the December 2016 Gordon Note bears interest at a rate of 10% per annum.
+Added: additional consideration for entering in the December 2016 Gordon Loan Agreement, the Company issued Gordon a five-year warrant
+Added: to purchase 166,666 shares of the Company’s common stock at a purchase price of $0.40 per share.
+Added: During the year ended December
+Added: 31, 2017 the principal and interest of this note were converted into the August 2017 Convertible Note Offering.
On January 25, 2017, the Company entered
141 unchanged sentences
LOC the Company issued a promissory note in the principal aggregate amount of $3,000 in favor Grawin, LLC.
−Removed: Board of Directors will periodically review relationships that directors have with the Company to determine whether the directors
−Removed: are independent.
−Removed: Directors are considered “independent”
−Removed: as long as they do not accept any consulting, advisory
−Removed: or other compensatory fee (other than director fees) from the Company, are not an affiliated person of the Company or its subsidiaries
−Removed: (e.g., an officer or a greater-than-ten-percent stockholder) and are independent within the meaning of applicable laws, regulations
−Removed: and the Nasdaq listing rules.
−Removed: In this latter regard, the Board of Directors will use the Nasdaq listing rules (specifically,
−Removed: Section 5605(a)(2) of such rules) as a benchmark for determining which, if any, of its directors are independent, solely
−Removed: in order to comply with applicable SEC disclosure rules.
+Added: The January 2018 Rosen Loan Agreement
+Added: On January 16, 2018, the Company entered
+Added: into a loan agreement (the “January 2018 Rosen Loan Agreement”) with Rosen, whereby the Company issued Rosen a promissory
+Added: note in the principal amount of $60,000 (the “January 2018 Rosen Note”).
+Added: The January 2018 Rosen Note is secured by
+Added: Jeremy Frommer, whereas upon default Mr.
+Added: Frommer would owe his own personal default shares of the Company’s common stock
+Added: to Rosen equal to the amount of principal outstanding divided by 0.20.
+Added: Pursuant to the January 2018 Rosen Loan Agreement, the January
+Added: 2018 Rosen Note bears interest at a rate of 6% per annum and is payable on the maturity date of January 31, 2018 (the “January
+Added: 2018 Rosen Maturity Date”) at which time all outstanding principal, accrued and unpaid interest and other amounts due under
+Added: the May 2016 Rosen Loan are due.
+Added: During the year ended December 31, 2018, the Company repaid $60,000 in principal and $200 in interest
+Added: and the loan is no longer outstandinng.
+Added: The January 2018 Gordon Loan Agreement
+Added: On January 16, 2018, the Company entered
+Added: into a loan agreement (the “January 2018 Gordon Loan Agreement”) with Mr.
+Added: Christopher Gordon (“Gordon”),
+Added: whereby the Company issued Gordon a promissory note in the principal amount of $40,000 (the “January 2018 Gordon Note”).
+Added: The January 2018 Gordon Note is secured by Jeremy Frommer, whereas upon default Mr.
+Added: Frommer would owe his own personal default
+Added: shares of the Company’s common stock to Gordon equal to the amount of principal outstanding divided by 0.20.
+Added: to the January 2018 Gordon Loan Agreement, the January 2018 Gordon Note bears interest at a rate of 6% per annum and payable on
+Added: the maturity date of January 31, 2018 (the “January 2018 Gordon Maturity Date”) at which time all outstanding principal,
+Added: accrued and unpaid interest and other amounts due under the January 2018 Gordon Note are due.
+Added: During the year ended December 31,
+Added: 2018, the Company repaid $40,000 in principal and $105 in interest and the loan is no longer outstanding.
+Added: The First March 2018 Rosen Loan Agreement
+Added: On March 4, 2018, the Company entered into
+Added: a loan agreement (the “First March 2018 Rosen Loan Agreement”) with Rosen, whereby the Company issued Rosen a promissory
+Added: note in the principal amount of $10,000 (the “First March 2018 Rosen Note”).
+Added: As additional consideration for entering
+Added: in the First March 2018 Rosen Note Loan Agreement, the Company issued Rosen a five-year warrant to purchase 10,000 shares of the
+Added: Company’s common stock at a purchase price of $0.20 per share.
+Added: Pursuant to the First March 2018 Rosen Loan Agreement, the
+Added: First March 2018 Rosen Note bears interest at a rate of 12% per annum and is payable on the maturity date of March 19, 2018 (the
+Added: “First March 2018 Rosen Maturity Date”) at which time all outstanding principal, accrued and unpaid interest and other
+Added: amounts due under the First March 2018 Rosen Note was due.
+Added: During the nine months ended December 31, 2018, the Company repaid $10,000
+Added: in principal and $260 in interest and the loan is no longer outstanding.
+Added: The Second March 2018 Rosen Loan
+Added: On March 9, 2018, the Company entered into
+Added: a loan agreement (the “Second March 2018 Rosen Loan Agreement”) with Rosen, whereby the Company issued Rosen a promissory
+Added: note in the principal amount of $15,000 (the “Second March 2018 Rosen Note”).
+Added: As additional consideration for entering
+Added: in the Second March 2018 Rosen Loan Agreement, the Company issued Rosen a five-year warrant to purchase 15,000 shares of the Company’s
+Added: common stock at a purchase price of $0.20 per share.
+Added: Pursuant to the Second March 2018 Rosen Loan Agreement, the Second March 2018
+Added: Rosen Note bears interest at a rate of 12% per annum and is payable on the maturity date of March 24, 2018 (the “Second March
+Added: 2018 Rosen Maturity Date”) at which time all outstanding principal, accrued and unpaid interest and other amounts due under
+Added: the Second March 2018 Rosen Note was due.
+Added: During the nine months ended December 31, 2018, the Company repaid $15,000 in principal
+Added: and $365 in interest and the loan is no longer outstanding.
+Added: The Third March 2018 Rosen Loan Agreement
+Added: On March 13, 2018, the Company entered
+Added: into a loan agreement (the “Third March 2018 Rosen Loan Agreement”) with Rosen, whereby the Company issued Rosen a
+Added: promissory note in the principal amount of $10,000 (the “Third March 2018 Rosen Note”).
+Added: As additional consideration
+Added: for entering in the Third March 2018 Rosen Loan Agreement, the Company issued Rosen a five-year warrant to purchase 10,000 shares
+Added: of the Company’s common stock at a purchase price of $0.20 per share.
+Added: Pursuant to the Third March 2018 Rosen Loan Agreement,
+Added: the Third March 2018 Rosen Note bears interest at a rate of 12% per annum and is payable on the maturity date of March 28, 2018
+Added: (the “Third March 2018 Rosen Maturity Date”) at which time all outstanding principal, accrued and unpaid interest and
+Added: other amounts due under the Third March 2018 Rosen Note was due.
+Added: During the nine months ended December 31, 2018, the Company repaid
+Added: $10,000 in principal and $230 in interest and the loan is no longer outstanding.
+Added: The May 2018 Schiller Loan Agreement
+Added: On May 2, 2018, the Company entered into
+Added: a loan agreement (the “May 2018 Schiller Loan Agreement”) with Schiller, a member of the Board, whereby the Company
+Added: issued Schiller a promissory note in the principal amount of $100,000 (the “May 2018 Schiller Note”).
+Added: As additional
+Added: consideration for entering in the May 2018 Schiller Loan Agreement, the Company issued Schiller a four-year warrant to purchase
+Added: 300,000 shares of the Company’s common stock at a purchase price of $0.20 per share.
+Added: Pursuant to the May 2018 Schiller Loan
+Added: Agreement, the May 2018 Schiller Note bears interest at a rate of 13% per annum and is payable on the maturity date of February
+Added: 02, 2019 (the “May 2018 Schiller Maturity Date”) at which time all outstanding principal, accrued and unpaid interest
+Added: are due under the May 2018 Schiller Loan.
+Added: During the year ended December 31, 2018,
+Added: the Company converted $100,000 of principal and $4,369 of unpaid interest into the August 2018 Equity Raise (as defined below)
+Added: and the loan is no longer outstanding.
+Added: The June 2018 Frommer Loan Agreement
+Added: On June 29, 2018, the Company entered into
+Added: a loan agreement (the “June 2018 Frommer Loan Agreement”) with Jeremy Frommer, an officer of the Company, whereby the
+Added: Company issued Frommer a promissory note in the principal amount of $10,000 (the “June 2018 Frommer Note”).
+Added: As additional
+Added: consideration for entering in the June 2018 Frommer Note Loan Agreement, the Company issued Frommer a four-year warrant to purchase
+Added: 30,000 shares of the Company’s common stock at a purchase price of $0.20 per share.
+Added: Pursuant to the June 2018 Frommer Loan
+Added: Agreement, the June 2018 Frommer Note bears interest at a rate of 6% per annum and payable on the maturity date of August 17, 2018
+Added: (the “June 2018 Frommer Maturity Date”) at which time all outstanding principal, accrued and unpaid interest are due
+Added: under the June 2018 Frommer Loan.
+Added: Subsequent to the balance sheet date, on November 8, 2018 the Company executed upon an
+Added: agreement that extended the maturity date of this loan to March 7, 2019.
+Added: As part of the extension agreement, the Company issued
+Added: 40,854 warrants to purchase common stock of the Company at an exercise price of $0.30.
+Added: On March 29, 2019 the Company executed upon
+Added: an agreement that extended the maturity date of this loan to May 15, 2019.
+Added: The First July 2018 Schiller Loan
+Added: On July 3, 2018, the Company entered into
+Added: a loan agreement (the “First July 2018 Schiller Loan Agreement”) with Schiller, a member of the Board, whereby the
+Added: Company issued Schiller a promissory note of $35,000 (the “First July 2018 Schiller Note”).
+Added: As additional consideration
+Added: for entering in the First July 2018 Schiller Loan Agreement, the Company issued Schiller a four-year warrant to purchase 75,000
+Added: shares of the Company’s common stock at a purchase price of $0.20 per share.
+Added: Pursuant to the agreement, the note bears interest
+Added: at a rate of 6% per annum and payable on the maturity date of August 17, 2018 at which time all outstanding principal, accrued
+Added: and unpaid interest were due under the First July 2018 Schiller Loan.
+Added: Subsequent to the balance sheet date, on November 8,
+Added: 2018 the Company executed upon an agreement that extended the maturity date of this loan to March 7, 2019.
+Added: As part of the extension
+Added: agreement, the Company issued 142,987 warrants to purchase common stock of the Company at an exercise price of $0.30.
+Added: 29, 2019 the Company executed upon an agreement that extended the maturity date of this loan to May 15, 2019.
+Added: The Second July 2018 Schiller Loan
+Added: On July 17, 2018, the Company entered into
+Added: a loan agreement (the “Second July 2018 Schiller Loan Agreement”) with Schiller, a member of the Board, whereby the
+Added: Company issued Schiller a promissory note of $25,000 (the “Second July 2018 Schiller Note”).
+Added: As additional consideration
+Added: for entering in the Second July 2018 Schiller Loan Agreement, the Company issued Schiller a four-year warrant to purchase 75,000
+Added: shares of the Company’s common stock at a purchase price of $0.20 per share.
+Added: Pursuant to the Second July 2018 Schiller Loan
+Added: Agreement, the Second July 2018 Schiller Note bears interest at a rate of 6% per annum and payable on the maturity date of August
+Added: 17, 2018 at which time all outstanding principal, accrued and unpaid interest were due under the Second July 2018 Schiller Loan.
+Added: Subsequent to the balance sheet date, on November 8, 2018 the Company executed upon an agreement that extended the maturity date
+Added: of this loan to March 7, 2019.
+Added: As part of the extension agreement, the Company issued 101,900 warrants to purchase common stock
+Added: of the Company at an exercise price of $0.30.
+Added: On March 29, 2019 the Company executed upon an agreement that extended the maturity
+Added: date of this loan to May 15, 2019.
+Added: The First July 2018 Rosen Loan Agreements
+Added: On July 12, 2018, the Company entered into
+Added: a loan agreement (the “First July 2018 Rosen Loan Agreement”) with Rosen, an officer of the Company, whereby the Company
+Added: issued Rosen a promissory note of $10,000 (the “First July 2018 Rosen Note”).
+Added: Pursuant to the First July 2018 Rosen
+Added: Loan Agreement, the note bears interest at a rate of 6% per annum and payable on the maturity date of August 17, 2018 at which
+Added: time all outstanding principal, accrued and unpaid interest are due under the First July 2018 Rosen Note.
+Added: Subsequent to the balance
+Added: sheet date, on November 8, 2018 the Company executed upon an agreement that extended the maturity date of this loan to March 7,
+Added: As part of the extension agreement, the Company issued 27,534 warrants to purchase common stock of the Company at an exercise
+Added: price of $0.30.
+Added: On March 29, 2019 the Company executed upon an agreement that extended the maturity date of this loan to May 15,
+Added: The Second July 2018 Rosen Loan Agreements
+Added: On July 18, 2018, the Company entered into
+Added: a loan agreement (the “Second July 2018 Rosen Loan Agreement”) with Rosen, whereby the Company issued Rosen a promissory
+Added: note of $50,000 (the “Second July 2018 Rosen Note”) resulting from the conversion of a demand note (as described below).
+Added: As additional consideration for entering into the Second July 2018 Rosen Loan Agreement, the Company issued Rosen a four-year warrant
+Added: to purchase 150,000 shares of the Company’s common stock at a purchase price of $0.20 per share.
+Added: Pursuant to the Second July
+Added: 2018 Rosen Loan Agreement, the Second July 2018 Rosen Note bears interest at a rate of 6% per annum and payable on the maturity
+Added: date of August 17, 2018 at which time all outstanding principal, accrued and unpaid interest are due under the Second July 2018
+Added: Subsequent to the balance sheet date, on November 8, 2018 the Company executed upon an agreement that extended the
+Added: maturity date of this loan to March 7, 2019.
+Added: As part of the extension agreement, the Company issued 203,967 warrants to purchase
+Added: common stock of the Company at an exercise price of $0.30.
+Added: On March 29, 2019 the Company executed upon an agreement that extended
+Added: the maturity date of this loan to May 15, 2019.
+Added: The November 2018 Rosen Loan Agreement
+Added: On November 29, 2018, the Company entered
+Added: into a loan agreement (the “November 2018 Rosen Loan Agreement”) with Rosen, whereby the Company issued Rosen a promissory
+Added: note in the principal amount of $25,000 (the “November 2018 Rosen Note”).
+Added: As additional consideration for entering
+Added: in the November 2018 Rosen Note Loan Agreement, the Company issued Rosen a four-year warrant to purchase 25,000 shares of the Company’s
+Added: common stock at a purchase price of $0.30 per share.
+Added: Pursuant to the November 2018 Rosen Loan Agreement, the November 2018 Rosen
+Added: Note bears interest at a rate of 6% per annum and payable on the maturity date of December 23, 2018 (the “November 2018 Rosen
+Added: Maturity Date”) at which time all outstanding principal, accrued and unpaid interest are due under the November 2018 Rosen
+Added: During the year ended December 31, 2018,
+Added: the Company repaid $25,000 of principal and $33 of unpaid interest and the loan is no longer outstanding.
+Added: The December 2018 Rosen Loan Agreement
+Added: On December 27, 2018, the Company entered
+Added: into a loan agreement (the “December 2018 Rosen Loan Agreement”) with Rosen, whereby the Company issued Rosen a promissory
+Added: note in the principal amount of $75,000 (the “December 2018 Rosen Note”).
+Added: As additional consideration for entering
+Added: in the December 2018 Rosen Note Loan Agreement, the Company issued Rosen a four-year warrant to purchase 75,000 shares of the Company’s
+Added: common stock at a purchase price of $0.30 per share.
+Added: Pursuant to the December 2018 Rosen Loan Agreement, the December 2018 Rosen
+Added: Note bears interest at a rate of 6% per annum and payable on the maturity date of January 26, 2018 (the “December 2018 Rosen
+Added: Maturity Date”) at which time all outstanding principal, accrued and unpaid interest are due under the November 2018 Rosen
+Added: On March 29, 2019 the Company executed upon an agreement that extended the maturity date of this loan to May 15, 2019.
+Added: The December 2018 Gravitas Capital
+Added: Loan Agreement
+Added: On December 27, 2018, the Company entered
+Added: into a loan agreement (the “December 2018 Gravitas Capital Loan Agreement”) with Gravitas Capital, whereby the Company
+Added: issued Gravitas Capital a promissory note in the principal amount of $50,000 (the “December 2018 Gravitas Capital Note”).
+Added: As additional consideration for entering in the December 2018 Gravitas Capital Note Loan Agreement, the Company issued Gravitas
+Added: Capital a four-year warrant to purchase 50,000 shares of the Company’s common stock at a purchase price of $0.30 per share.
+Added: Pursuant to the December 2018 Gravitas Capital Loan Agreement, the December 2018 Gravitas Capital Note bears interest at a rate
+Added: of 6% per annum and payable on the maturity date of January 27, 2018 (the “December 2018 Gravitas Capital Maturity Date”)
+Added: at which time all outstanding principal, accrued and unpaid interest are due under the November 2018 Gravitas Capital Loan.
+Added: January 2019, the Company repaid $50,000 in principal and $250 in interest, and the loan is no longer outstanding.
+Added: Director Independence
+Added: Our Board of Directors will periodically
+Added: review relationships that directors have with the Company to determine whether the directors are independent.
+Added: are considered “independent”
+Added: as long as they do not accept any consulting, advisory or other compensatory fee (other
+Added: than director fees) from the Company, are not an affiliated person of the Company or its subsidiaries (e.g., an officer or a greater-than-ten-percent
+Added: stockholder) and are independent within the meaning of applicable laws, regulations and the Nasdaq listing rules.
+Added: In this latter
+Added: regard, the Board of Directors will use the Nasdaq listing rules (specifically, Section 5605(a)(2) of such rules)
+Added: as a benchmark for determining which, if any, of its directors are independent, solely in order to comply with applicable SEC disclosure
However, this is for disclosure purposes only.
−Removed: It should be understood
−Removed: that, as a corporation whose shares are not listed for trading on any securities exchange, our Company is not required to have
−Removed: any independent directors at all on its Board of Directors, or any independent directors serving on any particular committees
−Removed: of the Board of Directors.
−Removed: of the date of this Form 10-K, the Board of Directors has determined that Leonard Schiller and Andrew Taffin are independent within
−Removed: the meaning of the Nasdaq listing rule cited above.
−Removed: Principal Accountant Fees and Services.
−Removed: following table sets forth the aggregate fees billed for each of the last two fiscal years for professional services rendered
−Removed: by the principal accountant for the audit of the Company’s annual financial statements and review of financial statements included
−Removed: in the Company’s quarterly reports or services that are normally provided by the accountant in connection with statutory and regulatory
−Removed: filings or engagements for those fiscal years.
−Removed: Audit-Related Fees
−Removed: All Other Fees
+Added: It should be understood that, as a corporation whose shares are not listed
+Added: for trading on any securities exchange, our Company is not required to have any independent directors at all on its Board of Directors,
+Added: or any independent directors serving on any particular committees of the Board of Directors.
+Added: As of the date of this Form 10-K, the Board
+Added: of Directors has determined that Leonard Schiller and Andrew Taffin are independent within the meaning of the Nasdaq listing rule cited
+Added: Principal Accountant Fees and
+Added: The following table sets forth the aggregate
+Added: fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit
+Added: of the Company’s annual financial statements and review of financial statements included in the Company’s quarterly
+Added: reports or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements
+Added: for those fiscal years.
+Added: Audit-Related
EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(a) Exhibits .
−Removed: exhibits listed below are filed as a part of this registration statement.
+Added: exhibits listed below are filed as a part of this annual report.
and Plan of Merger dated February 5, 2016 by and among the Company, GPH Merger Sub., Inc., and Jerrick Ventures, Inc.
2 unchanged sentences
and Plan of Merger dated February 28, 2016 by and among the Company and Jerrick Ventures, Inc.
−Removed: (incorporated
−Removed: by reference to Exhibit 2.1 of the Company’s current report on Form 8-K filed with the Commission on March 3, 2016).
−Removed: of Incorporation, filed with the Nevada Secretary of State on December 30, 1999 (incorporated by reference to the Company’s
−Removed: annual report on Form 10-SB filed with the Commission on March 30, 2006).
+Added: (incorporated by reference
+Added: to Exhibit 2.1 of the Company’s current report on Form 8-K filed with the Commission on March 3, 2016).
+Added: Articles of Incorporation, filed with the Nevada Secretary of State on December 30, 1999 (incorporated by reference to the Company’s annual report on Form 10-SB filed with the Commission on March 30, 2006).
and Restated Articles of Incorporation, filed with the Nevada Secretary of State on November 6, 2013 (incorporated by reference
10 unchanged sentences
Certificate of Designation of Series A Cumulative Convertible Preferred Stock.
−Removed: (incorporated
−Removed: by reference to Exhibit 3.1(f) of the Company’s current report on Form 8-K filed with the Commission on February 11,
+Added: (incorporated by reference
+Added: to Exhibit 3.1(f) of the Company’s current report on Form 8-K filed with the Commission on February 11, 2016).
Ventures, Inc.
4 unchanged sentences
Certificate of Designation of Series B Cumulative Convertible Preferred Stock.
−Removed: (incorporated
−Removed: by reference to Exhibit 3.1(f) of the Company’s current report on Form 8-K filed with the Commission on February 11,
−Removed: of Withdrawal of Certificate of Designation for Series A Preferred Stock.
−Removed: (incorporated by reference to Exhibit 3.1 of the
−Removed: Company’s current report on Form 8-K filed with the Commission on March 3, 2016).
−Removed: of Withdrawal of Certificate of Designation for Series B Preferred Stock.
−Removed: (incorporated by reference to Exhibit 3.2 of the
−Removed: Company’s current report on Form 8-K filed with the Commission on March 3, 2016).
−Removed: of Withdrawal of Certificate of Designation for Series C Preferred Stock.
−Removed: (incorporated by reference to Exhibit 3.3 of the
−Removed: Company’s current report on Form 8-K filed with the Commission on March 3, 2016).
−Removed: of Designation for Series A Cumulative Convertible Preferred Stock (incorporated by reference to Exhibit 3.4 of the Company’s
−Removed: current report on Form 8-K filed with the Commission on March 3, 2016).
−Removed: of Designation for Series C Cumulative Convertible Preferred Stock (incorporated by reference to Exhibit 3.5 of the Company’s
−Removed: current report on Form 8-K filed with the Commission on March 3, 2016).
−Removed: (incorporated by reference to the Company’s annual report on Form 10-SB filed with the Commission on March 30, 2006).
−Removed: of Incorporation of Jerrick Ventures, Inc.
−Removed: (incorporated by reference to Exhibit 3.3 of the Company’s current report
−Removed: on Form 8-K filed with the Commission on February 11, 2016).
−Removed: (incorporated by reference to Exhibit 4.1 to the Company’s current report on Form 8- K filed with the Commission
−Removed: on March 21, 2017).
−Removed: of Series A Preferred Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.5 the Company’s Registration
−Removed: Statement on Form S-1 filed with the Commission on August 31, 2016)
−Removed: of Series B Preferred Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.6 the Company’s Registration
−Removed: Statement on Form S-1 filed with the Commission on August 31, 2016)
−Removed: Stock Purchase Warrant, dated April 5, 2016 (incorporated by reference to Exhibit 10.15 to the Company’s annual report
−Removed: on Form 10-K filed with the Commission on April 4, 2016).
−Removed: of Warrant (incorporated by reference to Exhibit 4.1 of the Company’s quarterly report on Form 10-Q filed with the Commission
−Removed: on August 24, 2016).
−Removed: of Warrant (incorporated by reference to Exhibit 10.3 of the Company’s current report on Form 8-K filed with the Commission
−Removed: on January 17, 2017).
−Removed: of Warrant (incorporated by reference to Exhibit 4.1 of the Company’s current report on Form 8-K filed with the Commission
−Removed: on March 21, 2017).
−Removed: of Warrant (incorporated by reference to Exhibit 4.1 of the Company’s current report on Form 8-K filed with the Commission
−Removed: on July 21, 2017).
−Removed: of Warrant (incorporated by reference to Exhibit 4.1 of the Company’s current report on Form 8-K filed with the Commission
−Removed: on September 18, 2017).
−Removed: of Warrant (incorporated by reference to Exhibit 4.1 of the Company’s current report on Form 8-K filed with the Commission
−Removed: on January 2, 2018) .
−Removed: Purchase Agreement dated as of July 29, 2015 between Great Plains Holdings, Inc.
−Removed: and Cape One Master Fund II LP.
−Removed: (incorporated
−Removed: by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on August 3, 2015).
−Removed: Agreement dated as of February 5, 2016 between the Company and Kent Campbell.
−Removed: (incorporated
−Removed: by reference to Exhibit 10.9 of the Company’s current report on Form 8-K filed with the Commission on February 11, 2016).
−Removed: Exchange Agreement dated as of February 5, 2016 by and among Great Plains Holdings, Inc., Kent Campbell, Denis Espinoza and
−Removed: Sarah Campbell.
(incorporated by reference
−Removed: to Exhibit 10.10 of the Company’s current report on Form 8-K filed with the Commission on February 11, 2016).
−Removed: of Stock Purchase Agreement.
−Removed: (incorporated by reference to Exhibit 10.11 of the Company’s current report on Form 8-K
−Removed: filed with the Commission on February 11, 2016).
−Removed: Agreement by and between the Company and Arthur Rosen, dated May 26, 2016.
−Removed: (incorporated
−Removed: by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on June 2, 2016).
−Removed: Agreement by and between the Company and Arthur Rosen, dated May 26, 2016.
−Removed: (incorporated
−Removed: by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with the Commission on June 2, 2016).
−Removed: of Subscription Agreement (incorporated by reference to Exhibit 10.1 to the Company’s quarterly report on Form 10-Q
−Removed: filed with the Commission on August 24, 2016).
−Removed: of Subscription Agreement (incorporated by reference to Exhibit 10.1 to the Company’s current report on Form 8-K filed
−Removed: with the Commission on March 21, 2017).
−Removed: of Promissory Note (incorporated by reference to Exhibit 10.2 to the Company’s current report on Form 8-K filed with
−Removed: the Commission on March 21, 2017).
−Removed: of Subscription Agreement (incorporated by reference to Exhibit 4.1 of the Company’s quarterly report on Form 10-Q filed
−Removed: with the Commission on August 24, 2016).
−Removed: and Assumption Agreement, dated May 12, 2017 (incorporated by reference to Exhibit 10.1 of the Company’s quarterly report
−Removed: on Form 10-Q filed with the Commission on May 15, 2017).
−Removed: of Credit Agreement, dated May 9, 2017 by and between the Company and Arthur Rosen (incorporated by reference to Exhibit 10.1
−Removed: of the Company’s quarterly report on Form 10-Q filed with the Commission on May 15, 2017).
−Removed: Note Issued In Favor Grawlin, LLC, Dated May 12, 2017, (incorporated by reference to Exhibit 10.1 of the Company’s quarterly
−Removed: report on Form 10-Q filed with the Commission on May 15, 2017).
−Removed: of Subscription Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed
−Removed: with the Commission on January 17, 2017).
−Removed: of Promissory Note (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with
−Removed: the Commission on January 17, 2017).
−Removed: of Subscription Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed
−Removed: with the Commission on March 21, 2017).
−Removed: of Promissory Note (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with
−Removed: the Commission on March 21, 2017).
−Removed: of Securities Purchase Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form
−Removed: 8-K filed with the Commission on July 21, 2017).
−Removed: of 8.5% Convertible Redeemable Debentures due April 18, 2018 (incorporated by reference to Exhibit 10.2 of the Company’s
−Removed: current report on Form 8-K filed with the Commission on July 21, 2017).
−Removed: Purchase Agreement between the Company and Crossover Capital Fund I, LLC dated July 11, 2017 (incorporated by reference to
−Removed: Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on September 15, 2017)
−Removed: Media Holdings Inc.
−Removed: 8.5% Convertible Redeemable Note Due April 11, 2018 (incorporated by reference to Exhibit 10.2 of the
−Removed: Company’s current report on Form 8-K filed with the Commission on September 15, 2017)
−Removed: Amendment to 8.5% Convertible Redeemable Note Due April 11, 2018 (incorporated by reference to Exhibit 10.3 of the Company’s
−Removed: current report on Form 8-K filed with the Commission on September 15, 2017)
−Removed: Purchase Agreement between the Company and Diamond Rock LLC dated July 24, 2017 (incorporated by reference to Exhibit 10.4
−Removed: of the Company’s current report on Form 8-K filed with the Commission on September 15, 2017)
−Removed: Media Holdings Inc 8.5% Convertible Redeemable Note Due April 11, 2018 (incorporated by reference to Exhibit 10.5 of the Company’s
−Removed: current report on Form 8-K filed with the Commission on September 15, 2017)
−Removed: Amendment to 8.5% Convertible Redeemable Note Due April 24, 2018 (incorporated by reference to Exhibit 10.6 of the Company’s
−Removed: current report on Form 8-K filed with the Commission on September 15, 2017)
−Removed: Amendment to 8.5% Convertible Redeemable Note Due April 18, 2018 (incorporated by reference to Exhibit 10.7 of the Company’s
−Removed: current report on Form 8-K filed with the Commission on September 15, 2017)
−Removed: of Subscription Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed
−Removed: with the Commission on September 18, 2017)
−Removed: of Promissory Note (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with
−Removed: the Commission on September 18, 2017)
−Removed: of Registration Rights Agreement (incorporated by reference to Exhibit 10.3 of the Company’s current report
−Removed: on Form 8-K filed with the Commission on February 14, 2018)
−Removed: of Subscription Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed
−Removed: with the Commission on January 2, 2018)
−Removed: of Promissory Note (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with
−Removed: the Commission on January 2, 2018)
−Removed: of Securities Purchase Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form
−Removed: 8-K filed with the Commission on February 13, 2018)
−Removed: of Promissory Note (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with
−Removed: the Commission on February 13, 2018)
−Removed: List of Subsidiaries (incorporated by reference to Exhibit 21.1 of the Company’s Registration Statement on Form S-1 filed with the Commission on August 31, 2016).
−Removed: Certification by the Principal Executive Officer of Registrant pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a) or Rule 15d-14(a))
−Removed: Certification by the Principal Financial Officer of Registrant pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a) or Rule 15d-14(a))
−Removed: Certification by the Principal Executive Officer pursuant to 18 U.S.C.
−Removed: 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: Certification by the Principal Executive Officer pursuant to 18 U.S.C.
−Removed: 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: Presentation.
+Added: to Exhibit 3.1(f) of the Company’s current report on Form 8-K filed with the Commission on February 11, 2016).
+Added: Certificate of Withdrawal of Certificate of Designation for Series A Preferred Stock.
+Added: (incorporated by reference to Exhibit 3.1 of the Company’s current report on Form 8-K filed with the Commission on March 3, 2016).
+Added: Certificate of Withdrawal of Certificate of Designation for Series B Preferred Stock.
+Added: (incorporated by reference to Exhibit 3.2 of the Company’s current report on Form 8-K filed with the Commission on March 3, 2016).
+Added: Certificate of Withdrawal of Certificate of Designation for Series C Preferred Stock.
+Added: (incorporated by reference to Exhibit 3.3 of the Company’s current report on Form 8-K filed with the Commission on March 3, 2016).
+Added: Certificate of Designation for Series A Cumulative Convertible Preferred Stock (incorporated by reference to Exhibit 3.4 of the Company’s current report on Form 8-K filed with the Commission on March 3, 2016).
+Added: Certificate of Designation for Series C Cumulative Convertible Preferred Stock (incorporated by reference to Exhibit 3.5 of the Company’s current report on Form 8-K filed with the Commission on March 3, 2016).
+Added: Bylaws (incorporated by reference to the Company’s annual report on Form 10-SB filed with the Commission on March 30, 2006).
+Added: Certificate of Incorporation of Jerrick Ventures, Inc.
+Added: (incorporated by reference to Exhibit 3.3 of the Company’s current report on Form 8-K filed with the Commission on February 11, 2016).
+Added: Convertible Promissory Note between the Company and KBM Worldwide, Inc.
+Added: dated August 22, 2014 (incorporated by reference to Exhibit 4.1 to the Company’s current report on Form 8-K filed with the Commission on August 26, 2014).
+Added: Convertible Promissory Note between the Company and KBM Worldwide, Inc.
+Added: dated November 17, 2014 (incorporated by reference to Exhibit 4.1 to the Company’s current report on Form 8-K filed with the Commission on December 2, 2014).
+Added: Securities Purchase Agreement between the Company, Bonjoe Gourmet Chips LLC and certain purchasers dated December 10, 2014 (incorporated by reference to Exhibit 4.1 to the Company’s current report on Form 8-K filed with the Commission on December 10, 2014).
+Added: Amended and Restated Securities Purchase Agreement between the Company, Bonjoe Gourmet Chips LLC and certain purchasers dated January 30, 2015 (incorporated by reference to Exhibit 4.1 to the Company’s current report on Form 8-K filed with the Commission on February 3, 2015).
+Added: Convertible Debenture, dated March 17, 2016 (incorporated by reference to Exhibit 4.5 to the Company’s annual report on Form 10-K filed with the Commission on April 14, 2016).
+Added: Secured Promissory Note, dated April 5, 2016 (incorporated by reference to Exhibit 4.6 to the Company’s annual report on Form 10-K filed with the Commission on April 14, 2016).
+Added: Form of Warrant.
+Added: (incorporated by reference to Exhibit 4.1 to the Company’s quarterly report on Form 10-Q filed with the Commission on August 24, 2016).
+Added: Form of Warrant.
+Added: (incorporated by reference to Exhibit 4.1 to the Company’s current report on Form 8- K filed with the Commission on March 21, 2017).
+Added: Form of Series A Preferred Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.5 the Company’s Registration Statement on Form S-1 filed with the Commission on August 31, 2016)
+Added: Form of Series B Preferred Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.6 the Company’s Registration Statement on Form S-1 filed with the Commission on August 31, 2016)
+Added: Common Stock Purchase Warrant, dated April 5, 2016 (incorporated by reference to Exhibit 10.15 to the Company’s annual report on Form 10-K filed with the Commission on April 14, 2016).
+Added: Form of Warrant (incorporated by reference to Exhibit 4.1 of the Company’s quarterly report on Form 10-Q filed with the Commission on August 24, 2016).
+Added: Form of Warrant (incorporated by reference to Exhibit 10.3 of the Company’s current report on Form 8-K filed with the Commission on January 17, 2017).
+Added: Form of Warrant (incorporated by reference to Exhibit 4.1 of the Company’s current report on Form 8-K filed with the Commission on March 21, 2017).
+Added: Form of Warrant (incorporated by reference to Exhibit 4.1 of the Company’s current report on Form 8-K filed with the Commission on July 21, 2017).
+Added: Form of Warrant (incorporated by reference to Exhibit 4.1 of the Company’s current report on Form 8-K filed with the Commission on September 18, 2017)
+Added: Form of Warrant (incorporated by reference to Exhibit 4.1 of the Company’s current report on Form 8-K filed with the Commission on January 2, 2018)
+Added: Form of Warrant (incorporated by reference to Exhibit 4.1 of the Company’s current report on Form 8-K filed with the Commission on April 2, 2018)
+Added: Form of Warrant (incorporated by reference to Exhibit 4.1 of the Company’s current report on Form 8-K filed with the Commission on May 29, 2018)
+Added: Form of Purchaser Warrant (incorporated by reference to Exhibit 4.1 of the Company’s current report on Form 8-K filed with the Commission on August 31, 2018)
+Added: Form of Incentive Warrant (incorporated by reference to Exhibit 4.2 of the Company’s current report on Form 8-K filed with the Commission on August 31, 2018)
+Added: Agreement for the Purchase and Sale of Real Estate between Ashland Holdings, LLC and TD Bank dated October 29, 2013 (Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the Commission on November 1, 2013).
+Added: Release Agreement between the Company and George I.
+Added: Norman dated August 15, 2014 (incorporated by reference to Exhibit 10.1 to the Company’s current report on Form 8-K filed with the Commission on August 15, 2014).
+Added: Securities Purchase Agreement between the Company and KBM Worldwide, Inc.
+Added: dated August 22, 2014 (incorporated by reference to Exhibit 10.1 to the Company’s current report on Form 8-K filed with the Commission on August 26, 2014).
+Added: Sale and Purchase Agreement between Ashland Holdings, LLC and Jonathon and Jessica Delavan dated October 2, 2014 (incorporated by reference to Exhibit 10.1 to the Company’s current report on Form 8-K filed with the Commission on October 9, 2014).
+Added: Securities Purchase Agreement between the Company and KBM Worldwide, Inc.
+Added: dated November 17, 2014 (incorporated by reference to Exhibit 10.1 to the Company’s current report on Form 8-K filed with the Commission on December 2, 2014).
+Added: Investment Agreement dated as of November 30, 2014 by and between the Company and Kent Campbell (incorporated by reference to Exhibit 10.1 to the Company’s current report on Form 8-K filed with the Commission on December 4, 2014).
+Added: Royalty Agreement between the Company and Bonjoe Gourmet Chips LLC dated December 10, 2014 (incorporated by reference to Exhibit 10.1 to the Company’s current report on Form 8-K filed with the Commission on December 16, 2014).
+Added: Securities Purchase Agreement dated as of July 29, 2015 between Great Plains Holdings, Inc.
+Added: and Cape One Master Fund II LP.
+Added: (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on August 3, 2015).
+Added: Spin-Off Agreement dated as of February 5, 2016 between the Company and Kent Campbell.
+Added: (incorporated by reference to Exhibit 10.9 of the Company’s current report on Form 8-K filed with the Commission on February 11, 2016).
+Added: Share Exchange Agreement dated as of February 5, 2016 by and among Great Plains Holdings, Inc., Kent Campbell, Denis Espinoza and Sarah Campbell.
+Added: (incorporated by reference to Exhibit 10.10 of the Company’s current report on Form 8-K filed with the Commission on February 11, 2016).
+Added: Form of Stock Purchase Agreement.
+Added: (incorporated by reference to Exhibit 10.11 of the Company’s current report on Form 8-K filed with the Commission on February 11, 2016).
+Added: Loan Agreement by and between the Company and Arthur Rosen, dated May 26, 2016.
+Added: (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on June 2, 2016).
+Added: Security Agreement by and between the Company and Arthur Rosen, dated May 26, 2016.
+Added: (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with the Commission on June 2, 2016).
+Added: Form of Subscription Agreement (incorporated by reference to Exhibit 10.1 to the Company’s quarterly report on Form 10-Q filed with the Commission on August 24, 2016).
+Added: Form of Subscription Agreement (incorporated by reference to Exhibit 10.1 to the Company’s current report on Form 8-K filed with the Commission on March 21, 2017).
+Added: Form of Promissory Note (incorporated by reference to Exhibit 10.2 to the Company’s current report on Form 8-K filed with the Commission on March 21, 2017).
+Added: Form of Subscription Agreement (incorporated by reference to Exhibit 10.1 of the Company’s quarterly report on Form 10-Q filed with the Commission on August 24, 2016).
+Added: Assignment and Assumption Agreement, dated May 12, 2017 (incorporated by reference to Exhibit 10.1 of the Company’s quarterly report on Form 10-Q filed with the Commission on May 15, 2017).
+Added: Line of Credit Agreement, dated May 9, 2017 by and between the Company and Arthur Rosen (incorporated by reference to Exhibit 10.1 of the Company’s quarterly report on Form 10-Q filed with the Commission on May 15, 2017).
+Added: Promissory Note Issued In Favor Grawlin, LLC, Dated May 12, 2017, (incorporated by reference to Exhibit 10.1 of the Company’s quarterly report on Form 10-Q filed with the Commission on May 15, 2017).
+Added: Form of Subscription Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on January 17, 2017).
+Added: Form of Promissory Note (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with the Commission on January 17, 2017).
+Added: Form of Subscription Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on March 21, 2017).
+Added: Form of Promissory Note (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with the Commission on March 21, 2017).
+Added: Form of Securities Purchase Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on July 21, 2017).
+Added: Form of 8.5% Convertible Redeemable Debentures due April 18, 2018 (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with the Commission on July 21, 2017).
+Added: Securities Purchase Agreement between the Company and Crossover Capital Fund I, LLC dated July 11, 2017 (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on September 15, 2017)
+Added: Jerrick Media Holdings Inc.
+Added: 8.5% Convertible Redeemable Note Due April 11, 2018 (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with the Commission on September 15, 2017)
+Added: First Amendment to 8.5% Convertible Redeemable Note Due April 11, 2018 (incorporated by reference to Exhibit 10.3 of the Company’s current report on Form 8-K filed with the Commission on September 15, 2017)
+Added: Securities Purchase Agreement between the Company and Diamond Rock LLC dated July 24, 2017 (incorporated by reference to Exhibit 10.4 of the Company’s current report on Form 8-K filed with the Commission on September 15, 2017)
+Added: Jerrick Media Holdings Inc 8.5% Convertible Redeemable Note Due April 11, 2018 (incorporated by reference to Exhibit 10.5 of the Company’s current report on Form 8-K filed with the Commission on September 15, 2017)
+Added: First Amendment to 8.5% Convertible Redeemable Note Due April 24, 2018 (incorporated by reference to Exhibit 10.6 of the Company’s current report on Form 8-K filed with the Commission on September 15, 2017)
+Added: First Amendment to 8.5% Convertible Redeemable Note Due April 18, 2018 (incorporated by reference to Exhibit 10.7 of the Company’s current report on Form 8-K filed with the Commission on September 15, 2017)
+Added: Form of Subscription Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on September 18, 2017)
+Added: Form of Promissory Note (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with the Commission on September 18, 2017)
+Added: Form of Registration Rights Agreement (incorporated by reference to Exhibit 10.3 of the Company’s current report on Form 8-K filed with the Commission on February 14, 2018)
+Added: Form of Subscription Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on January 2, 2018)
+Added: Form of Promissory Note (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with the Commission on January 2, 2018)
+Added: Form of Securities Purchase Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on February 13, 2018)
+Added: Form of Promissory Note (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with the Commission on February 13, 2018)
+Added: Form of Securities Purchase Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on April 2, 2018)
+Added: Form of Promissory Note (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with the Commission on April 2, 2018)
+Added: Form of Securities Purchase Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on May 29, 2018)
+Added: Form of Promissory Note (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with the Commission on May 29, 2018)
+Added: Form of Securities Purchase Agreement (incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed with the Commission on August 31, 2018)
+Added: Form Registration Rights Agreement (incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed with the Commission on August 31, 2018)
+Added: Form of Lock-Up Agreement (incorporated by reference to Exhibit 10.3 of the Company’s current report on Form 8-K filed with the Commission on August 31, 2018)
+Added: Form of Series A Preferred Stock Conversion Letter Agreement (incorporated by reference to Exhibit 10.4 of the Company’s current report on Form 8-K filed with the Commission on August 31, 2018)
+Added: Form of Series B Preferred Stock Conversion Letter Agreement (incorporated by reference to Exhibit 10.5 of the Company’s current report on Form 8-K filed with the Commission on August 31, 2018)
+Added: Form of Convertible Note Conversion Letter Agreement (incorporated by reference to Exhibit 10.6 of the Company’s current report on Form 8-K filed with the Commission on August 31, 2018)
+Added: Form of Promissory Note Conversion Letter Agreement (incorporated by reference to Exhibit 10.7 of the Company’s current report on Form 8-K filed with the Commission on August 31, 2018)
+Added: Lease Agreement (incorporated by reference to Exhibit 10.5 of the Company’s quarterly report on Form 10-Q filed with the Commission on August 20, 2018)
+Added: Letter from Sadler, Gibb & Associates, LLC dated January 7, 2019
+Added: List of Subsidiaries (incorporated by reference to Exhibit 21.1 of the Company’s Registration Statement on Form S-1 filed with the Commission on October 24, 2018)
+Added: Certification of Chief Executive Officer Pursuant to Exchange Act Rule 13a-14(a), As adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
+Added: Certification of Chief Financial Officer Pursuant to Exchange Act Rule 13a-14(a), As adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
+Added: Certification of Chief Executive Officer pursuant to 18 U.S.C.
+Added: Section 1350, As adopted Pursuant to Section 906 of the Sarbanes-Oxley Act 2002
+Added: Certification of Chief Financial Officer pursuant to 18 U.S.C.
+Added: Section 1350, As adopted Pursuant to Section 906 of the Sarbanes-Oxley Act 2002
+Added: XBRL Instance Document
+Added: XBRL Taxonomy Extension Schema
+Added: XBRL Taxonomy Extension Calculation Linkbase
+Added: XBRL Taxonomy Extension Definition Linkbase
+Added: XBRL Taxonomy Extension Label Linkbase
+Added: XBRL Taxonomy Extension Presentation Linkbase
Filed herewith
−Removed: to the requirements of Section 13 or 15(d) of the Exchange Act of 1934, the registrant has duly caused this report to be signed
−Removed: on its behalf by the undersigned, thereunto duly authorized.
−Removed: MEDIA HOLDINGS, INC.
+Added: Pursuant to the requirements of Section
+Added: 13 or 15(d) of the Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
+Added: thereunto duly authorized.
+Added: JERRICK MEDIA HOLDINGS, INC.
+Added: April 1, 2019
+Added: /s/ Jeremy Frommer
Jeremy Frommer
−Removed: Executive Officer
−Removed: Executive Officer)
−Removed: Financial Officer)
−Removed: Accounting Officer)
−Removed: to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf
−Removed: of the registrant and in the capacities and on the dates indicated.
−Removed: Rick Schwartz
+Added: Chief Executive Officer
+Added: (Principal Executive Officer)
+Added: (Principal Financial Officer)
+Added: (Principal Accounting Officer)
+Added: Pursuant to the requirements of the Securities
+Added: Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities
+Added: and on the dates indicated.
+Added: /s/ Justin Maury
+Added: April 1, 2019
+Added: /s/ Leonard Schiller
+Added: April 1, 2019
Leonard Schiller
+Added: /s/ Andrew Taffin
+Added: April 1, 2019
Andrew Taffin
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.